How did MIAX's market share change through March 2026 for the MIAX Exchange Group (MIAX)?

The MIAX Exchange Group reached a YTD market share record of 17.3% through March 2026. According to the company, this compares with 16.0% in the prior-year period and reflects increased options ADV.

Did MIAX Pearl's equities market share change in March 2026 (MIAX)?

MIAX Pearl's market share fell 19.8% year-over-year, reflecting a decline from 1.1% to 0.9%. According to the company, Pearl ADV remained roughly flat while broader equities industry ADV grew.

Miami International Holdings Reports Trading Results for March 2026

Q: What was MIAX's reported YTD average daily volume through March 2026 (MIAX)?

MIAX reported a YTD ADV record of 10.9 million contracts , a 26.6% increase year-over-year. According to the company, this reflects consolidated multi-list options activity across MIAX, MIAX Pearl, MIAX Emerald and MIAX Sapphire.

Q: What happened to MIAX Futures ADV in March 2026 and year-to-date (MIAX)?

MIAX Futures reported a material decline in ADV, down 39.9% year-over-year on a YTD basis. According to the company, MIAX Futures ADV fell from 18,002 to 10,816 contracts in the comparable periods.

Rhea-AI Impact

(Moderate)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Miami International Holdings (NYSE: MIAX) reported March 2026 trading results showing a year-to-date (YTD) ADV record of 10.9 million contracts, up 26.6% versus the same period in 2025. The MIAX Exchange Group set a YTD market share record of 17.3% through March 2026.

MIAX provided detailed ADV and market share tables for multi-list options, U.S. equities, and MIAX Futures; rolling three-month revenue-per-contract and capture rates are available on the company website.

Positive

YTD options ADV rose 26.6% to 10.9 million contracts
MIAX Exchange Group reached a YTD market share record of 17.3%

Negative

MIAX Futures ADV declined 39.9% year-over-year
MIAX Pearl market share fell 19.8% year-over-year

News Market Reaction – MIAX

+3.63%

+3.63% Session close to close

In the Apr 6 session, MIAX gained 3.63%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement underscores MIAX’s continued growth in U.S. options, with YTD ADV reaching 10.9 mi...

Analysis

This announcement underscores MIAX’s continued growth in U.S. options, with YTD ADV reaching 10.9 million contracts and market share of 17.3% through March 2026, both above the prior-year period. At the same time, MIAX Futures ADV showed notable year-over-year declines. Recent history features strong 2025 financial results and prior months’ trading gains, so investors may focus on whether options growth offsets futures softness and how evolving volume, market share, and revenue-per-contract metrics progress in coming months.

Key Figures

YTD options market share: 17.3% Prior-year YTD share: 16.0% YTD options ADV: 10.9 million contracts +5 more

8 metrics

YTD options market share 17.3% MIAX Exchange Group YTD through March 2026

Prior-year YTD share 16.0% MIAX Exchange Group YTD through March 2025

YTD options ADV 10.9 million contracts MIAX Exchange Group through March 2026

YTD ADV growth 26.6% Increase vs same period in 2025

Mar 2026 options ADV 10,696 (000s) MIAX Exchange Group, U.S. multi-list options

Mar 2026 options ADV YoY 29.4% Change vs March 2025

MIAX Futures YTD ADV 10,816 YTD through March 2026

MIAX Futures YTD change -39.9% ADV change vs YTD through March 2025

Historical Context

5 past events · Latest: Mar 04 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 04	Trading results	Positive	+1.9%	Reported February 2026 ADV and market share growth for MIAX exchanges.
Feb 25	Earnings results	Positive	+3.6%	Q4 and FY2025 revenue and EBITDA showed strong year-over-year growth.
Feb 13	Executive recognition	Positive	+1.4%	CEO received Chief Executive of the Year award tied to 2025 milestones.
Feb 09	Earnings date set	Neutral	-2.1%	Announced timing and access details for Q4 2025 earnings call.
Feb 06	Trading results	Positive	+1.1%	Reported January 2026 ADV and market share gains for MIAX exchanges.

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

Pattern Detected

Recent operational and earnings news has generally coincided with positive 1-day price reactions, suggesting the market has rewarded MIAX’s growth and execution updates.

Recent Company History

Over the last few months, Miami International Holdings has repeatedly highlighted strong operating momentum. January and February 2026 trading updates showed MIAX Exchange Group ADV above 10 million contracts with market share around the high-teens, each followed by modest positive price reactions. A February earnings release reported substantial revenue and EBITDA growth for 2025, again met with a constructive move. Governance and recognition news, including a CEO award and board changes, rounded out the backdrop to today’s March trading figures.

Key Terms

average daily volume (adv), revenue per contract, capture rates

3 terms

average daily volume (adv) financial

"MIAX Exchange Group reached a YTD average daily volume (ADV) record of 10.9 million"

Average daily volume (ADV) is the typical number of shares or contracts traded in a security each trading day, calculated by averaging activity over a set recent period. It tells investors how easily a position can be bought or sold—like measuring foot traffic in a market stall: higher ADV means more buyers and sellers and usually smaller price swings when trades occur, while low ADV can lead to bigger price moves and trading difficulty.

revenue per contract financial

"rolling three-month average revenue per contract and capture rates, are available"

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

"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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04/06/2026 - 06:45 AM

MIAX Exchange Group reports 26.6% increase in multi-list options YTD ADV

PRINCETON, N.J. and MIAMI, April 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 March 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™.

March 2026 Highlights

MIAX Exchange Group set a year-to-date (YTD) market share record of 17.3% through March 2026, compared to 16.0% in the prior-year period
MIAX Exchange Group reached a YTD average daily volume (ADV) record of 10.9 million contracts through March 2026, a 26.6% increase from the same period in 2025

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.

	Average Daily Trading Volume (ADV) ⁽¹⁾					Year-to-Date Comparison
	Mar-26	Mar-25	% Chg	Feb-26	% Chg	Mar-26	Mar-25	% Chg
U.S. Multi-list Options
Trading Days	22	21		19		61	60
U.S. Equity Options Industry ADV (000's)	61,770	53,182	16.1 %	63,264	-2.4 %	62,647	53,604	16.9 %
MIAX Exchange Group Options ADV (000's)	10,696	8,268	29.4 %	10,812	-1.1 %	10,865	8,582	26.6 %
MIAX Exchange Group Options Market Share	17.3 %	15.5 %	11.4 %	17.1 %	1.3 %	17.3 %	16.0 %	8.3 %
U.S. Equities
U.S. Equities Industry ADV (Millions)	20,471	16,008	27.9 %	18,963	8.0 %	19,662	15,695	25.3 %
MIAX Pearl ADV (Millions)	194	163	18.7 %	174	11.5 %	177	176	0.5 %
MIAX Pearl Market Share	0.9 %	1.0 %	-7.2 %	0.9 %	3.3 %	0.9 %	1.1 %	-19.8 %
MIAX Futures Exchange
Trading Days	22	21		19		61	61
MIAX Futures ADV	10,394	14,715	-29.4 %	14,944	-30.4 %	10,816	18,002	-39.9 %

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/miami-international-holdings-reports-trading-results-for-march-2026-302734276.html

SOURCE MIAX

FAQ

What was MIAX's reported YTD average daily volume through March 2026 (MIAX)?

MIAX reported a YTD ADV record of 10.9 million contracts, a 26.6% increase year-over-year. According to the company, this reflects consolidated multi-list options activity across MIAX, MIAX Pearl, MIAX Emerald and MIAX Sapphire.

What happened to MIAX Futures ADV in March 2026 and year-to-date (MIAX)?

MIAX Futures reported a material decline in ADV, down 39.9% year-over-year on a YTD basis. According to the company, MIAX Futures ADV fell from 18,002 to 10,816 contracts in the comparable periods.

Where can investors find detailed ADV and revenue-per-contract data for MIAX (MIAX)?

Investors can access detailed ADV, market share, and rolling three-month revenue-per-contract reports on the company's investor website. According to the company, the data include segment breakdowns for options, equities and futures.

Does the March 2026 report show growth in U.S. multi-list options for MIAX (MIAX)?

Yes. MIAX Exchange Group options ADV increased, with a YTD ADV rise of 26.6% versus the prior year. According to the company, this contributed to the group achieving a YTD market share record through March 2026.