PRINCETON, N.J., Jan. 18, 2022 /PRNewswire/ — Miami International Holdings, Inc. today reported December and 2021 full-year trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl® and MIAX Emerald® (together, the MIAX Exchange Group™) and Minneapolis Grain Exchange (MGEX™) with multiple market share and volume records reached over the course of the year. December and full-year 2021 market share and volume milestones include:
MIAX Exchange Group
- The MIAX Exchange Group collectively traded a record 1.34 billion multi-listed options contracts in 2021, a 61.8% increase from 2020 and representing an average daily volume (ADV) of 5,309,972 contracts.
- Total multi-list options contract in December 2021 totaled 113.0 million contracts, representing a market share of 14.22% and a 42.4% increase from December 2020.
- Total U.S. multi-listed options market share reached a record 14.29% in 2021, 248 basis points higher than the 11.81% market share in 2020 and representing a 21.0% increase in market share.
- All three MIAX options exchanges reported record annual multi-list option volume totals in 2021, with MIAX Options reporting volume of 522.6 million contracts, a 58.3% increase; MIAX Pearl, 427.0 million contracts, a 45.5% increase; and MIAX Emerald, 388.6 million contracts, a 90.7% increase.
- MIAX Emerald reported a new annual market share record in 2021, accounting for 4.15% of total industry multi-list option volume.
MIAX Pearl Equities™
- MIAX Pearl Equities™ reported record volume of 11.07 billion shares in 2021, as compared to 349.8 million shares in 2020 (MIAX Pearl Equities launched in September, 2020).
- MIAX Pearl equities reported both a monthly volume record of 1.94 billion shares and a market share record of 0.81% in December of 2021.
- MIAX Pearl Equities volume reached a record daily volume of 161.2 million shares on December 3, 2021, which also represented a daily record market share of 1.15%.
Minneapolis Grain Exchange
- MGEX reported record volume of 3,873,016 futures and options contracts in 2021, an increase of 40.0% from 2020.
- Hard Red Spring Wheat trading set annual records in both futures and options, with total volume of 2,997,693 and 123,079 contracts, respectively in 2021.
- SPIKES® Futures volume totaled 752,240 contracts in 2021, after MIAX received approval from the U.S. Securities and Exchange Commission to relaunch SPIKES Futures in December 2020. New trading incentives enacted on July 1, 2021 contributed to volume totals in the second half of 2021, with 741,819 contracts traded, compared to 10,421 contracts traded in the first half of 2021. ADV for SPIKES® Futures in the second half of 2021 was 5,795 contracts, compared to 84 contracts in the first half of 2021.
Additional MIAX Exchange Group volume records are highlighted in the tables included below.
| Multi-Listed Options Trading Volume for MIAX Exchange Group, Current Month | Year-to-Date Comparison | |||||||||
| Multi-Listed Options Contracts | Dec-21 | Dec-20 | % Chg | Nov-21 | % Chg | Dec-21 | Dec-20 | % Chg | ||
| Trading Days | 22 | 22 | 21 | 252 | 253 | |||||
| U.S. Equity Options Industry | 794,555,696 | 719,646,140 | 10.4% | 898,166,403 | -11.5% | 9,366,823,566 | 7,004,304,148 | 33.7% | ||
| MIAX Exchange Group | 113,005,405 | 79,347,042 | 42.4% | 124,657,770 | -9.3% | 1,338,112,960 | 827,187,596 | 61.8% | ||
| MIAX Options | 42,812,426 | 31,200,513 | 37.2% | 50,452,313 | -15.1% | 522,549,941 | 330,036,680 | 58.3% | ||
| MIAX Pearl | 31,633,894 | 22,347,253 | 41.6% | 34,378,589 | -8.0% | 427,001,176 | 293,410,388 | 45.5% | ||
| MIAX Emerald | 38,559,085 | 25,799,276 | 49.5% | 39,826,868 | -3.2% | 388,561,843 | 203,740,528 | 90.7% | ||
| Multi-Listed Options ADV | Dec-21 | Dec-20 | % Chg | Nov-21 | % Chg | Dec-21 | Dec-20 | % Chg | ||
| U.S. Multi-Listed Options Industry | 36,116,168 | 32,711,188 | 10.4% | 42,769,829 | -15.6% | 37,169,935 | 27,684,997 | 34.3% | ||
| MIAX Exchange Group | 5,136,609 | 3,606,684 | 42.4% | 5,936,084 | -13.5% | 5,309,972 | 3,269,516 | 62.4% | ||
| MIAX | 1,946,019 | 1,418,205 | 37.2% | 2,402,491 | -19.0% | 2,073,611 | 1,304,493 | 59.0% | ||
| MIAX Pearl | 1,437,904 | 1,015,784 | 41.6% | 1,637,076 | -12.2% | 1,694,449 | 1,159,725 | 46.1% | ||
| MIAX Emerald | 1,752,686 | 1,172,694 | 49.5% | 1,896,518 | -7.6% | 1,541,912 | 805,299 | 91.5% | ||
| Multi-Listed Options Market Share for MIAX Exchange Group, Current Month | Year-to-Date Comparison | |||||||||
| Multi-Listed Options Market Share | Dec-21 | Dec-20 | % Chg | Nov-21 | % Chg | Dec-21 | Dec-20 | % Chg | ||
| MIAX Exchange Group | 14.22% | 11.03% | 29.0% | 13.88% | 2.5% | 14.29% | 11.81% | 21.0% | ||
| MIAX | 5.39% | 4.34% | 24.3% | 5.62% | -4.1% | 5.58% | 4.71% | 18.4% | ||
| MIAX Pearl | 3.98% | 3.11% | 28.2% | 3.83% | 4.0% | 4.56% | 4.19% | 8.8% | ||
| MIAX Emerald | 4.85% | 3.58% | 35.4% | 4.43% | 9.4% | 4.15% | 2.91% | 42.6% | ||
| Equities Trading Volume for MIAX Pearl Equities, Current Month | Year-to-Date Comparison | |||||||||
| Equities Shares (millions) | Dec-21 | Dec-20 | % Chg | Nov-21 | % Chg | Dec-21 | Dec-20 | % Chg | ||
| Trading Days | 22 | 22 | 21 | 252 | NM | |||||
| U.S. Equities Volume – Industry | 238,596 | 240,220 | -0.7% | 233,151 | 2.3% | 2,869,009 | NM | NM | ||
| MIAX Pearl Volume | 1,940 | 268 | NM | 1,610 | 20.5% | 11,066 | NM | NM | ||
| MIAX Pearl ADV | 88 | 12 | NM | 77 | 15.0% | 44 | NM | NM | ||
| MIAX Pearl Market Share | 0.81% | 0.11% | NM | 0.69% | 17.7% | 0.39% | NM | NM | ||
| NM – Not meaningful | ||||||||||
| Futures & Options Trading Volume for MGEX, Current Month | Year-to-Date Comparison | |||||||||
| Futures & Options Contracts | Dec-21 | Dec-20 | % Chg | Nov-21 | % Chg | Dec-21 | Dec-20 | % Chg | ||
| Trading Days | 22 | 22 | 21 | 252 | 253 | |||||
| MGEX Volume | 215,062 | 211,067 | 1.9% | 420,826 | -48.9% | 3,873,016 | 2,766,442 | 40.0% | ||
| MGEX ADV | 9,776 | 9,594 | 1.9% | 20,039 | -51.2% | 15,369 | 10,935 | 40.6% | ||
2021 Market Share and Volume Records:
| miax | MIAX Exchange Group Options Records | ||
| Single Day | Market Share | 16.82% | August 6, 2021 |
| Volume | 8,126,083 | March 5, 2021 | |
| Monthly | Market Share | 15.53% | July 2021 |
| Volume | 127,701,099 | June 2021 | |
| Annual | Market Share | 14.29% | 2021 |
| Volume | 1,388,112,960 | 2021 | |
| miax Options | MIAX Options Records | ||
| Single Day | Volume | 3,203,327 | November 5, 2021 |
| Monthly | Volume | 55,410,315 | June 2021 |
| Annual | Volume | 522,549,941 | 2021 |
| miax Pearl Options | MIAX Pearl Options Records | ||
| Single Day | Market Share | 6.92% | March 5, 2021 |
| Volume | 3,506,013 | March 5, 2021 | |
| Monthly | Market Share | 6.09% | March 2021 |
| Volume | 52,194,814 | March 2021 | |
| Annual | Volume | 427,001,176 | 2021 |
| miax Emerald | MIAX Emerald Options Records | ||
| Single Day | Market Share | 6.92% | July 29, 2021 |
| Volume | 3,392,372 | January 27, 2021 | |
| Monthly | Market Share | 5.49% | August 2021 |
| Volume | 41,821,523 | August 2021 | |
| Annual | Market Share | 4.15% | 2021 |
| Volume | 388,561,843 | 2021 | |
| miax Pearl Equities | MIAX Pearl Equity Records | ||
| Single Day | Market Share | 1.15% | December 3, 2021 |
| Volume | 161,173,623 | December 3, 2021 | |
| Monthly | Market Share | 0.81% | December 2021 |
| Volume | 1,940,287,963 | December 2021 | |
| Annual | Market Share | 0.39% | 2021 |
| Volume | 11,066,336,629 | 2021 | |
About MIAX
MIAX’s parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), Minneapolis Grain Exchange, LLC (MGEX), and Bermuda Stock Exchange (BSX).
MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission (SEC) that leverage MIAX’s industry-leading technology and infrastructure to provide U.S. listed options trading to their member firms. MIAX serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY). In addition to options, MIAX Pearl facilitates the trading of cash equities through MIAX Pearl Equities™.
MGEX is a registered exchange with the Commodity Futures Trading Commission (CFTC) and is a Notice Registered Securities Futures Product Exchange with the SEC. MGEX serves as the exclusive market for a variety of products including Hard Red Spring Wheat, SPIKES Futures, BRIXX Commercial Real Estate Futures and TAX Futures. MGEX is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM, DCO and cash market services in an array of asset classes.
BSX is a leading electronic international securities market regulated by the Bermuda Monetary Authority (BMA) specializing in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and insurance linked securities. A full member of the World Federation of Exchanges and affiliate member of the International Organization of Securities Commissions, BSX is globally recognized, including by the SEC.
MIAX’s executive offices and National Operations Center are located in Princeton, NJ, with additional offices located in Miami, FL, Minneapolis, MN, and Hamilton, Bermuda.
To learn more about MIAX visit www.MIAXOptions.com.
To learn more about MGEX visit www.mgex.com.
To learn more about BSX visit www.bsx.com.
Media Contact:
Andy Nybo, SVP, Chief Communications Officer
(609) 955-2091
[email protected]
Disclaimer and Cautionary Note Regarding Forward-Looking Statements
The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. The Company disclaims any obligation to update any forward-looking statements, except as required by law.
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