Miami International Holdings, Inc. (MIH) reported December 2023 and full-year 2023 trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl® and MIAX Emerald® (together, the MIAX Exchange Group), and Minneapolis Grain Exchange (MGEX™).

December 2023 and Full-year 2023 Trading Volume and Market Share Highlights

• Total multi-listed monthly options volume for the MIAX Exchange Group reached a record 1.6 billion contracts in 2023, a 22.1% increase year-over-year (YoY) and representing a record annual market share of 15.73%, a 16.2% increase YoY. December volume totaled 128.3 million contracts, a 10.8% increase YoY and representing a monthly market share of 15.43%, a 6.2% increase YoY.
• MIAX Options reached a record volume of 634.0 million contracts in 2023, a 15.5% increase YoY and representing an annual market share of 6.28%, a 9.9% increase YoY. December volume reached 51.4 million contracts, an 8.1% increase YoY and representing a monthly market share of 6.18%, a 3.6% increase YoY.
• MIAX Pearl Options reached a record volume of 647.1 million contracts in 2023, a 47.7% increase YoY and representing a record market share of 6.41%, a 40.5% increase YoY. December volume totaled 46.4 million contracts, a 1.4% increase YoY and representing a market share of 5.58%.
• MIAX Emerald Options reached volume of 30.5 million contracts in December, a 35.5% increase YoY and representing a market share of 3.67%, a 30.0% increase YoY.
• In U.S. equities, MIAX Pearl Equities™ reached a record volume of 46.9 billion shares in 2023, a 58.9% increase YoY and representing a record market share of 1.70%, a 71.6% increase YoY. December volume totaled 4.4 billion shares, a 105.0% increase YoY and representing a market share of 1.77%, an 87.5% increase YoY.
• In U.S. futures, MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reached a volume of 2.9 million contracts in 2023, a 12.1% decrease YoY.

Source: MIAX