Miami International Holdings Reports Trading Results for January 2026
Rhea-AI Summary
Miami International Holdings (NYSE: MIAX) reported January 2026 trading results. MIAX Exchange Group ADV was 11.1 million contracts, a 25.1% YoY increase and 20.6% vs Dec 2025. Group market share reached 17.6%, up 5.5% YoY and 2.8% vs Dec 2025. MIAX Futures ADV was 7,359 contracts, up 51.9% from Dec 2025. Detailed segment tables show MIAX Pearl equity ADV and MIAX Futures year-over-year contrasts; full rolling revenue-per-contract and capture-rate metrics are available on the company website.
Positive
- ADV +25.1% YoY to 11.1 million contracts
- Market share 17.6%, up 5.5% YoY
- MIAX Futures ADV +51.9% vs Dec 2025 to 7,359 contracts
Negative
- MIAX Futures ADV -52.8% YoY vs Jan 2025
- MIAX Pearl ADV -17.3% YoY
- MIAX Pearl market share -34.3% YoY
Key Figures
Market Reality Check
Peers on Argus
MIAX was up 2.68% with elevated volume, while momentum-screened peers like HUT, MARA, CIFR, and ETOR mostly moved up independently. Scanner flags show mixed directions and no confirmed sector-wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 21 | MIAXdx sale closing | Positive | +2.5% | Closed sale of 90% of MIAXdx to Robinhood–SIG JV, retaining 10% stake. |
| Jan 08 | Trading results 2025 | Positive | +0.8% | Reported record 2025 multi-list options volumes and higher MIAX Futures ADV. |
| Dec 23 | Strategic investment | Positive | +0.3% | Anchored $35M Series A for Architect’s AX perpetual futures exchange platform. |
| Dec 16 | Secondary offering | Neutral | +1.8% | Existing holders sold 7,762,500 shares at $41 with no proceeds to company. |
Recent news events, including trading metrics and corporate transactions, were followed by modestly positive 24h price reactions, suggesting a pattern of constructive but measured responses.
Over the past few months, MIAX has reported record 2025 trading volumes and market share gains, completed a secondary offering by existing holders, and announced and then closed the sale of 90% of MIAXdx while retaining a 10% stake. It also anchored a $35M Series A in Architect Financial Technologies and signed an MoU via TISE to expand international cooperation. These milestones frame January 2026’s solid volume and share data as a continuation of growth in its exchange franchise.
Market Pulse Summary
This announcement highlights solid January 2026 performance, with MIAX Exchange Group options ADV at 11.1 million contracts and market share of 17.6%, plus a sharp month-on-month rebound in MIAX Futures ADV. In recent months, the company has paired growing volumes with strategic moves such as the MIAXdx sale and international partnerships. Investors may focus on whether elevated ADV and share are sustained in coming months and how volume trends translate into revenue per contract and overall earnings.
Key Terms
average daily volume financial
capture rates financial
AI-generated analysis. Not financial advice.
MIAX Exchange Group reports
PRINCETON, N.J. and
January 2026 Highlights
- MIAX Exchange Group average daily volume (ADV) reached 11.1 million contracts, a
25.1% year-over-year (YoY) increase and a20.6% increase from December 2025 - MIAX Exchange Group market share reached
17.6% , a5.5% increase YoY and a2.8% increase from December 2025 - MIAX Futures ADV reached 7,359 contracts, a
51.9% increase from December 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 | |||||||
Jan-26 | Jan-25 | % Chg | Dec-25 | % Chg | Jan-26 | Jan-25 | % Chg | |
Trading Days | 20 | 20 | 22 | 20 | 20 | |||
63,025 | 53,135 | 18.6 % | 53,703 | 17.4 % | 63,025 | 53,135 | 18.6 % | |
MIAX Exchange Group Options ADV (000's) | 11,100 | 8,870 | 25.1 % | 9,201 | 20.6 % | 11,100 | 8,870 | 25.1 % |
MIAX Exchange Group Options Market Share | 17.6 % | 16.7 % | 5.5 % | 17.1 % | 2.8 % | 17.6 % | 16.7 % | 5.5 % |
19,436 | 15,438 | 25.9 % | 15,879 | 22.4 % | 19,436 | 15,438 | 25.9 % | |
MIAX Pearl ADV (Millions) | 161 | 195 | -17.3 % | 120 | 34.6 % | 161 | 195 | -17.3 % |
MIAX Pearl Market Share | 0.8 % | 1.3 % | -34.3 % | 0.8 % | 9.9 % | 0.8 % | 1.3 % | -34.3 % |
MIAX Futures Exchange | ||||||||
Trading Days | 20 | 21 | 22 | 20 | 21 | |||
MIAX Futures ADV | 7,359 | 15,577 | -52.8 % | 4,843 | 51.9 % | 7,359 | 15,577 | -52.8 % |
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
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SOURCE MIAX
FAQ
What were MIAX (MIAX) January 2026 ADV and year-over-year changes?
How did MIAX Exchange Group market share perform in January 2026 for MIAX (MIAX)?
What changed in MIAX Futures ADV in January 2026 for MIAX (MIAX)?
What happened to MIAX Pearl equity ADV and market share in January 2026 (MIAX)?
Where can investors find MIAX (MIAX) rolling revenue-per-contract and capture-rate data for January 2026?
