MIAX Exchange Group Posts Record Volume Growth in July 2026
Event summary
- MIAX Exchange Group reported a record year-to-date average daily volume (ADV) of 10.9 million contracts through July 2026, up 26.3% from the same period in 2025.
- The group's market share reached 16.9%, a new YTD high compared to 16.4% in the prior-year period.
- MIAX Futures saw a significant increase in agricultural futures ADV, up 74.3% year-over-year.
- U.S. equities industry ADV declined by 3.3% year-over-year, while MIAX Pearl's ADV dropped by 39%.
- Financial futures launched on May 17, with an ADV of 4,194 contracts in July.
The big picture
MIAX's strong performance in options trading highlights its strategic focus on technology-driven marketplaces. The launch of financial futures represents a diversification effort, but the decline in equities trading suggests challenges in maintaining momentum across all asset classes. The broader industry trend toward consolidation and technological innovation will shape MIAX's competitive positioning.
What we're watching
- Market Share Expansion
- Whether MIAX can sustain its record market share amid competitive pressures in the options trading space.
- Futures Growth
- The pace at which MIAX Futures can expand its agricultural and financial futures offerings to drive further volume growth.
- Equities Performance
- How MIAX Pearl will address the significant decline in equities ADV and market share.