MIAX Exchange Group Posts Record Volume Growth in May 2026
Event summary
- MIAX Exchange Group reported a 23.7% year-to-date increase in average daily volume (ADV) for multi-list options, reaching 10.8 million contracts through May 2026.
- The group's market share hit a record 17.1% year-to-date, up from 16.4% in the same period in 2025.
- MIAX Futures launched Tini™ Bloomberg 100 Index Futures on May 17, with an average daily volume of 13,105 contracts from May 18 to May 29.
- MIAX Pearl's equity trading volume declined by 3.4% year-to-date, while its market share dropped to 0.9% from 1.1% in the prior-year period.
- Agricultural futures volume on MIAX Futures fell by 35.3% year-to-date.
The big picture
MIAX's strong volume growth and market share gains reflect its strategic focus on technology-driven trading platforms. The launch of new futures products signals an expansion into diverse asset classes, but the decline in equity trading volume highlights competitive pressures in the equities market. The broader industry trend of increasing electronic trading and product innovation will shape MIAX's future performance.
What we're watching
- Market Share Expansion
- Whether MIAX can sustain its record market share amid increasing competition in the options trading space.
- Futures Growth
- The pace at which MIAX Futures can grow its newly launched Tini™ Bloomberg 100 Index Futures product.
- Equity Trading Performance
- How MIAX Pearl will address the decline in equity trading volume and market share.