Media Contact:
Andy Nybo, SVP, Chief Communications Officer
(609) 955-2091
anybo@miami-holdings.com

PRINCETON, N.J. — November 4, 2022 — Miami International Holdings, Inc. today reported October 2022 trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl® and MIAX Emerald® (together, the MIAX Exchange Group), and Minneapolis Grain Exchange (MGEX™).

October 2022 Trading Volume Highlights

• Total U.S. multi-listed options market share for the MIAX Exchange Group reached 12.93%, representing a 9.7% year-over-year (YoY) decrease. A total of 107.3 million multi-listed options contracts were executed on the MIAX Exchange Group, representing a 3.6% decrease YoY and an average daily volume (ADV) of 5.1 million contracts. Total year-to-date (YTD) volume reached 1.1 billion contracts, a decrease of 2.9% from the same period in 2021.
• MIAX Options reported record YTD volume of 450.0 million contracts, up 4.8% from the same period in 2021, with volume reaching 46.4 million contracts in October 2022, a 2.8% YoY increase. MIAX Emerald reported YTD volume of 263.7 million contracts, a 15.0% decrease from the same period in 2021, with volume totaling 25.0 million contracts in October 2022, a 31.9% YoY decrease. MIAX Pearl reported YTD volume of 354.8 million contracts, a 1.7% decrease from the same period in 2021, with volume totaling 35.8 million contracts in October 2022, a 21.5% YoY increase.
• In U.S. equities, MIAX Pearl Equities™ reported volume of 2.6 billion shares in October 2022, representing an 81.6% increase YoY and a monthly market share of 1.08%. Total YTD volume reached a record 25.0 billion shares, a 232.7% increase from the same period in 2021.
• In U.S. futures, MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reported trading volume of 184,807 contracts in October 2022, a 57.7% decrease YoY. Total YTD volume reached 2.9 million contracts, a decrease of 10.6% from the same period in 2021.
• SPIKES® Futures YTD volume reached a record of 718,043 contracts in October 2022, a 33.4% increase YoY. SPIKES Futures volume totaled 44,694 contracts in October 2022, representing an 82.2% decrease YoY and an average daily volume of 2,128 contracts.

About MIAX

MIAX’s parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), Minneapolis Grain Exchange, LLC (MGEX™), and Bermuda Stock Exchange (BSX™).

MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission (SEC) that leverage MIAX’s industry-leading technology and infrastructure to provide U.S. listed options trading to their member firms. MIAX serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY). In addition to options, MIAX Pearl facilitates the trading of cash equities through MIAX Pearl Equities™.

MGEX is a registered exchange with the Commodity Futures Trading Commission (CFTC) and is a Notice Registered Securities Futures Product Exchange with the SEC. MGEX serves as the exclusive market for a variety of products including Hard Red Spring Wheat, SPIKES Futures, BRIXX™ Commercial Real Estate Futures and TAX Futures. MGEX is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM, DCO and cash market services in an array of asset classes.

BSX is a fully electronic, vertically integrated international securities market regulated by the Bermuda Monetary Authority (BMA) specializing in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and insurance linked securities. A full member of the World Federation of Exchanges and affiliate member of the International Organization of Securities Commissions, BSX is globally recognized, including by the SEC.

MIAX’s executive offices and National Operations Center are located in Princeton, NJ, with additional offices located in Miami, FL, Minneapolis, MN, and Hamilton, Bermuda.

To learn more about MIAX visit www.MIAXOptions.com.

To learn more about MGEX visit www.mgex.com.

To learn more about BSX visit www.bsx.com.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements
The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. 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 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.

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