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Miami International Holdings Reports Trading Results for April 2026

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Miami International Holdings (NYSE: MIAX) reported April 2026 trading results with record year-to-date metrics. Through April 2026, MIAX Exchange Group posted a YTD ADV of 10.8 million contracts (up 23.9% year-over-year) and a YTD market share of 17.2%, a record.

April 2026 ADV was 10.6 million contracts (+16.4% YoY), and MIAX Sapphire recorded its first million-contract trading day on April 14, 2026. Detailed segment tables and rolling RPC data are available on the company website.

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Positive

  • YTD ADV 10.8M contracts (+23.9% YoY)
  • YTD market share 17.2% (record)
  • April ADV 10.6M contracts (+16.4% YoY)
  • MIAX Sapphire first million-contract day on April 14, 2026

Negative

  • MIAX Futures ADV down 30.5% in April
  • MIAX Futures YTD ADV down 37.5% through April
  • MIAX Pearl ADV declined 13.9% in April

News Market Reaction – MIAX

+4.36%
4 alerts
+4.36% Session close to close
$4.78B Market Cap
0.1x Rel. Volume

In the May 7 session, MIAX gained 4.36%, reflecting a moderate positive market reaction. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights record YTD options ADV of 10.8 million contracts and a YTD market share...
Analysis

This announcement highlights record YTD options ADV of 10.8 million contracts and a YTD market share of 17.2%, alongside solid April options growth. These figures extend a series of strong trading updates in February and March 2026. Offsetting this, MIAX Pearl equities and MIAX Futures showed year-on-year volume declines. Investors may watch upcoming earnings, segment mix, and any continued insider activity disclosed in Form 4 filings.

Key Figures

YTD options ADV: 10.8 million contracts YTD ADV growth: 23.9% YTD options market share: 17.2% +5 more
8 metrics
YTD options ADV 10.8 million contracts MIAX Exchange Group year-to-date through April 2026
YTD ADV growth 23.9% Increase in multi-list options ADV vs same period 2025
YTD options market share 17.2% MIAX Exchange Group options market share through April 2026
April options ADV 10.6 million contracts MIAX Exchange Group ADV in April 2026, 16.4% above April 2025
April options market share 16.9% MIAX Exchange Group options share in April 2026, 3.1% above April 2025
Sapphire floor milestone 1,000,000 contracts First million-contract day on MIAX Sapphire trading floor on Apr 14, 2026
MIAX Pearl equities ADV 177 million shares U.S. equities ADV in April 2026, 13.9% below April 2025
MIAX Futures April ADV 12,421 contracts MIAX Futures ADV in April 2026, 30.5% below April 2025

Historical Context

5 past events · Latest: Apr 22 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Apr 22 Advertising campaign launch Positive +0.6% Launch of nationwide "Excellence in Every Exchange" branding campaign.
Apr 16 Earnings date notice Neutral +1.4% Announcement of Q1 2026 earnings release and conference call schedule.
Apr 09 Board member passing Negative -2.1% Disclosure of the passing of director Murray Stahl and his roles.
Apr 06 March trading results Positive +3.6% March 2026 trading results with record YTD ADV and market share gains.
Mar 04 February trading results Positive +1.9% February 2026 trading results showing higher ADV and strong market share.

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

Pattern Detected

Operational trading updates and corporate news have generally aligned with the direction of the subsequent 24-hour price move, often modestly positive.

Recent Company History

Recent MIAX news has focused on trading metrics and corporate developments. February and March 2026 trading updates highlighted rising ADV and market share, with 24-hour moves of +1.86% and +3.63%. A nationwide advertising campaign on Apr 22 coincided with a +0.63% move. The passing of a board member on Apr 9 saw a -2.06% reaction. Overall, operational strength updates have coincided with positive price responses, providing context for April trading statistics.

Key Terms

adv, revenue per contract, capture rates
3 terms
adv technical
"MIAX Exchange Group reached a record year-to-date (YTD) average daily volume (ADV) of 10.8 million"
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, are available on the MIAX website"
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, are available on the MIAX website"
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 23.9% increase in multi-list options ADV YTD

PRINCETON, N.J. and MIAMI, May 6, 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 April 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™.

April 2026 Highlights

  • MIAX Exchange Group reached a record year-to-date (YTD) average daily volume (ADV) of 10.8 million contracts through April 2026, a 23.9% increase from the same period in 2025
  • MIAX Exchange Group set a YTD market share record of 17.2% through April 2026, compared to 16.1% in the prior-year period
  • MIAX Exchange Group reached a market share of 16.9% in April 2026, a 3.1% increase from April 2025
  • MIAX Exchange Group reached an ADV of 10.6 million contracts in April 2026, a 16.4% increase from April 2025
  • The MIAX Sapphire options trading floor reported its first million contract volume day on April 14, 2026

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

Apr-26

Apr-25

% Chg

Mar-26

% Chg

Apr-26

Apr-25

% Chg

U.S. Multi-list Options

Trading Days

21

21


22


82

81


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

62,496

55,340

12.9 %

61,770

1.2 %

62,608

54,054

15.8 %

MIAX Exchange Group Options ADV (000's)

10,593

9,099

16.4 %

10,696

-1.0 %

10,795

8,716

23.9 %

MIAX Exchange Group Options Market Share

16.9 %

16.4 %

3.1 %

17.3 %

-2.1 %

17.2 %

16.1 %

6.9 %

U.S. Equities

U.S. Equities Industry ADV (Millions)

17,815

19,318

-7.8 %

20,471

-13.0 %

19,429

16,634

16.8 %

MIAX Pearl ADV (Millions)

177

206

-13.9 %

194

-8.4 %

177

184

-3.7 %

MIAX Pearl Market Share

1.0 %

1.1 %

-6.6 %

0.9 %

5.2 %

0.9 %

1.1 %

-17.5 %

MIAX Futures Exchange 

Trading Days

21

21


22


82

82


MIAX Futures ADV

12,421

17,861

-30.5 %

10,394

19.5 %

11,227

17,966

-37.5 %

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

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. 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-trading-results-for-april-2026-302764289.html

SOURCE MIAX

FAQ

What was MIAX's year-to-date ADV through April 2026 (MIAX)?

MIAX reported a YTD ADV of 10.8 million contracts through April 2026. According to the company, this represents a 23.9% increase versus the same period in 2025, and is presented as a year-to-date record.

How did MIAX Exchange Group's market share change through April 2026 (MIAX)?

MIAX reported a YTD market share of 17.2% through April 2026. According to the company, this is a record and compares to 16.1% in the prior-year period, indicating increased share in multi-list options.

What were MIAX's April 2026ADV and year-over-year movement (MIAX)?

MIAX reported an April 2026 ADV of 10.6 million contracts, up 16.4% versus April 2025. According to the company, April's volume contributed to the stronger year-to-date ADV and market-share gains.

Did MIAX report any notable milestones in April 2026 (MIAX)?

Yes. MIAX reported that MIAX Sapphire recorded its first million-contract trading day on April 14, 2026. According to the company, this milestone marks platform traction for Sapphire within the MIAX Exchange Group.

What happened to MIAX Futures volumes in April 2026 and year-to-date (MIAX)?

MIAX reported that MIAX Futures ADV fell 30.5% in April and was down 37.5% year-to-date through April. According to the company, futures volumes declined meaningfully versus the prior-year periods shown in the table.