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Miami International Holdings Reports July 2026 Trading Results

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Miami International Holdings (NYSE: MIAX) reported July 2026 trading metrics for its U.S. options, equities and futures platforms. According to MIAX, the MIAX Exchange Group achieved a record year-to-date average daily volume (ADV) of 10.9 million multi-list options contracts through July, a 26.3% increase versus the same 2025 period, and a record year-to-date options market share of 16.9%, up from 16.4%.

In July 2026, MIAX Exchange Group options ADV was 11.0 million contracts, up 28.0% year-over-year, with a monthly market share of 17.1%. MIAX Pearl Equities reported July ADV of 117 million shares, down 39.0% year-over-year, with a 0.7% market share. MIAX Futures agricultural ADV rose 74.3% year-over-year to 12,123 contracts, while newly launched financial futures recorded July ADV of 4,194 contracts.

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Positive

  • Multi-list options YTD ADV 10.9 million contracts, up 26.3% vs 2025
  • YTD options market share 16.9% through July 2026 vs 16.4% prior year
  • July 2026 options ADV 11,019k contracts, +28.0% year-over-year
  • July 2026 options market share 17.1%, above 16.7% in July 2025
  • MIAX Futures agricultural ADV 12,123 contracts in July, +74.3% YoY
  • New financial futures ADV 4,194 contracts in July 2026 after May launch

Negative

  • MIAX Pearl Equities July ADV 117 million shares, -39.0% year-over-year
  • MIAX Pearl July 2026 market share 0.7% vs 1.1% in July 2025
  • MIAX Pearl YTD equities ADV 172 million vs 187 million, -8.0%
  • MIAX Pearl YTD equities market share 0.9% vs 1.1%, -19.6%
  • MIAX Futures agricultural YTD ADV 11,930 vs 16,386, down 27.2%
  • MIAX Futures agricultural July vs June ADV 12,123 vs 16,203, -25.2%

Market Context

Against July's trading results, platform records show Net Selling across 10 transactions and no repo...
Analysis

Against July's trading results, platform records show Net Selling across 10 transactions and no reported purchases. That context adds a supply-risk lens; investors can watch whether options gains persist alongside weaker equities and agricultural futures volumes.

Key Figures

YTD Options ADV: 10.9 million contracts YTD Options Market Share: 16.9% July Options ADV: 11,019 thousand contracts +5 more
8 metrics
YTD Options ADV 10.9 million contracts Through July 2026, up 26.3% from the same period in 2025
YTD Options Market Share 16.9% Through July 2026, compared with 16.4% in the prior-year period
July Options ADV 11,019 thousand contracts July 2026, up 28.0% year over year
July Options Market Share 17.1% July 2026, compared with 16.7% in July 2025
MIAX Pearl ADV 117 million shares July 2026, down 39.0% year over year
MIAX Pearl Market Share 0.7% July 2026, down 36.9% year over year
Agricultural Futures YTD ADV 11,930 contracts Through July 2026, down 27.2% year over year
Financial Futures YTD ADV 6,361 contracts Through July 2026

Historical Context

5 past events · Latest: Jul 09 (Neutral)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jul 09 Earnings date notice Neutral +2.7% Announced August 5 release date and 5:00 p.m. ET conference call
Jul 07 June trading results Positive +4.4% Reported record options market share and 26.0% YTD ADV growth
Jun 03 May trading results Neutral -5.1% Options growth was offset by weaker equities and agricultural futures metrics
May 20 OCC clearing update Positive -2.5% OCC began clearing and settlement services for MIAX Futures
May 20 OCC clearing agreement Positive -2.5% Agreement enabled potential cross-margining and capital efficiencies for participants

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent reactions were mixed: June trading results were followed by a 4.44% gain, while May trading results and two OCC-related announcements were followed by declines.

Key Terms

adv, revenue per contract, capture rates
3 terms
adv financial
"record year-to-date (YTD) average daily volume (ADV) of 10.9 million contracts"
ADV stands for Average Daily Volume, which shows how many shares or units of a stock or asset are traded on average each day. It helps investors understand how popular or liquid an investment is—like knowing how many tickets are sold daily for a concert, indicating how much people are buying and selling.
revenue per contract financial
"rolling three-month average revenue per contract and capture rates"
Revenue per contract is the average amount of money a company earns from each customer agreement or service contract over a defined period. Investors use it like an “average ticket price” to judge whether a company is charging enough, keeping costs under control, and growing profit per deal; rising revenue per contract usually signals stronger pricing power or higher-value customers, while declines can warn of discounting or weaker demand.
capture rates financial
"rolling three-month average revenue per contract and capture rates"
Capture rates measure the proportion of a defined pool of opportunities that a company, product or program successfully secures or converts — for example, the share of potential customers won, prescriptions written out of eligible patients, or users who adopt a new service. Investors watch capture rates because they show how well a business turns potential demand into real revenue or market share; rising capture rates suggest stronger sales execution or product-market fit, while falling rates warn of competitive pressures or weakening appeal.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MIAX Exchange Group reports 26.3% increase in multi-list options ADV YTD

PRINCETON, N.J. and MIAMI, Aug. 5, 2026 /PRNewswire/ -- Miami International Holdings, Inc. (MIAX) (NYSE: MIAX), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today reported July 2026 trading results for its U.S. exchange subsidiaries — MIAX®, MIAX Pearl®, MIAX Emerald® and MIAX Sapphire® (collectively, the MIAX Exchange Group), and MIAX Futures®.

MIAX Logo

July 2026 Highlights

  • MIAX Exchange Group reached a record year-to-date (YTD) average daily volume (ADV) of 10.9 million contracts through July 2026, a 26.3% increase from the same period in 2025
  • MIAX Exchange Group set a YTD market share record of 16.9% through July 2026, compared to 16.4% in the prior-year period

Additional MIAX Exchange Group and MIAX Futures trading volume and market share information is included in the table below. Summary statistics including trading volume and market share by business segment, as well as rolling three-month average revenue per contract and capture rates, are available on the MIAX website at https://ir.miaxglobal.com/volume-rpc-reports.

MIAX

Average Daily Trading Volume (ADV) (1)

Year-to-Date Comparison

Jul-26

Jul-25

% Chg

Jun-26

% Chg

Jul-26

Jul-25

% Chg

U.S. Multi-list Options

Trading Days

22

22


21


145

144


U.S. Equity Options Industry ADV (000's)

64,394

51,516

25.0 %

69,896

-7.9 %

64,566

52,789

22.3 %

MIAX Exchange Group Options ADV (000's)

11,019

8,607

28.0 %

11,318

-2.6 %

10,941

8,665

26.3 %

MIAX Exchange Group Options Market Share

17.1 %

16.7 %

2.4 %

16.2 %

5.7 %

16.9 %

16.4 %

3.2 %

U.S. Equities

U.S. Equities Industry ADV (Millions)

17,437

18,033

-3.3 %

23,383

-25.4 %

19,695

17,211

14.4 %

MIAX Pearl ADV (Millions)

117

191

-39.0 %

192

-39.1 %

172

187

-8.0 %

MIAX Pearl Market Share

0.7 %

1.1 %

-36.9 %

0.8 %

-18.4 %

0.9 %

1.1 %

-19.6 %

MIAX Futures Exchange 

Trading Days

22

22


21


145

145


MIAX Futures ADV – Agricultural

12,123

6,954

74.3 %

16,203

-25.2 %

11,930

16,386

-27.2 %

MIAX Futures ADV – Financial (2)

4,194

n/a

n/a

5,740

-26.9 %

6,361

n/a

n/a

1)

Calculated as total volume for the period divided by total trading days for the period.

2)

Financial futures launched on May 17 (trade date May 18). Accordingly, ADV is calculated as total contracts for the period divided by total trading days for the period beginning on May 18.

About MIAX
Miami International Holdings, Inc. (NYSE: MIAX) is a technology-driven leader in building and operating regulated financial markets across multiple asset classes and geographies. MIAX® operates eight exchanges across options, futures, equities and international markets including MIAX Options®, MIAX Pearl®, MIAX Emerald®, MIAX Sapphire®, MIAX Pearl Equities™, MIAX Futures®, The Bermuda Stock Exchange (BSX) and The International Stock Exchange (TISE). MIAX also owns Dorman Trading, a full-service Futures Commission Merchant and Notice Registered Broker-Dealer with the National Futures Association for purposes of facilitating transactions of security futures. To learn more about MIAX, please visit www.miaxglobal.com.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 based on management's current expectations and 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. Additional risks and uncertainties that may cause actual results to differ materially include the risks and uncertainties listed in Miami International Holdings, Inc.'s (together with its subsidiaries, the Company) public filings with the Securities and Exchange Commission. In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise.

All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company's use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.

MIAX Contacts:

Investors
investor.relations@miaxglobal.com 

Media
media@miaxglobal.com 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/miami-international-holdings-reports-july-2026-trading-results-302843984.html

SOURCE MIAX

FAQ

How did MIAX (NYSE: MIAX) multi-list options trading perform in July 2026?

MIAX reported July 2026 multi-list options ADV of 11,019k contracts, up 28.0% year-over-year. According to MIAX, this contributed to a record year-to-date options ADV of 10.9 million contracts through July, a 26.3% increase versus the same period in 2025.

What was MIAX Exchange Group's options market share through July 2026?

MIAX Exchange Group reached a year-to-date options market share of 16.9% through July 2026. According to MIAX, this compares with 16.4% in the prior-year period, while July 2026 monthly options market share was 17.1% versus 16.7% in July 2025.

How did MIAX Pearl Equities (MIAX) ADV and market share change in July 2026?

MIAX Pearl Equities reported July 2026 ADV of 117 million shares, down 39.0% year-over-year. According to MIAX, July market share was 0.7%, compared with 1.1% in July 2025, while year-to-date market share was 0.9% versus 1.1% previously.

What were MIAX Futures agricultural and financial futures volumes in July 2026?

MIAX Futures agricultural ADV was 12,123 contracts in July 2026, up 74.3% year-over-year. According to MIAX, financial futures, launched in May 2026, recorded July ADV of 4,194 contracts, compared with 5,740 contracts in June 2026, a 26.9% sequential decline.

How did overall U.S. options industry volume compare to MIAX in July 2026?

The U.S. equity options industry ADV was 64,394k contracts in July 2026, up 25.0% year-over-year. According to MIAX, MIAX Exchange Group options ADV grew faster at 28.0% year-over-year, supporting a July market share of 17.1% across its U.S. options exchanges.

What is the year-to-date performance of MIAX Pearl Equities ADV in 2026?

Year-to-date through July 2026, MIAX Pearl Equities ADV was 172 million shares, down 8.0% from 187 million. According to MIAX, year-to-date equities market share was 0.9%, compared with 1.1% in the same period of 2025.