Q4 Average Daily Volume Reaches 10.8M Contracts, Up 25.4%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 04 2026
0mins
Should l Buy MIAX?
Reports Q4 average daily volume reached 10.8M contracts, a 25.4% increase. Exchange group market share reached 17.1%, an 8.1% increase. Futures ADV reached 14,944 contracts, a 103.1% increase from January.
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Analyst Views on MIAX
Wall Street analysts forecast MIAX stock price to rise
6 Analyst Rating
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 37.310
Low
37.00
Averages
47.20
High
55.00
Current: 37.310
Low
37.00
Averages
47.20
High
55.00
About MIAX
Miami International Holdings, Inc. is a multi-asset exchange operator. It is a technology-driven in building and operating regulated financial marketplaces across multiple asset classes and geographies. Its products include MIAX, MIAX Options, MIAX PRIME, MIAX Technologies, MIAX Pearl, and MIAX Emerald. Its segments include Options, Equities, Futures and International. The Options segment includes business operations of listed options on the stocks of individual equities and options on exchange-traded products (ETP). The equities segment includes its business operations relating to listed U.S. equities and ETP transaction services. The futures segment includes its business operations relating to futures transaction services provided by its futures exchange and clearing house, MIAX Futures. The International segment includes listing services for capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and insurance linked securities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Miami International Holdings and Upstart Growth Potential Analysis
- Growth Potential Assessment: Motley Fool contributors Jason Hall and Tyler Crowe highlight Miami International Holdings (MIAX) and Upstart (UPST) as growth stocks with the potential to double over the long term, reflecting optimistic market expectations for both companies' future performance.
- Market Performance Analysis: As of March 13, 2026, Miami International Holdings' stock price saw a slight increase of 0.03%, indicating investor confidence in its growth prospects, which may attract more capital inflow.
- Investor Attention: The video, published on March 30, 2026, suggests that analysts' recommendations on these stocks could influence investor decisions, potentially driving stock prices higher.
- Long-Term Investment Strategy: Analysts emphasize the strategy of selecting these growth stocks for long-term investment to capitalize on their potential high returns, reflecting a deep understanding of market trends and forward-looking positioning.
See More
Miami International Holdings Executive Sells Shares
- Insider Share Sale: Kurt M. Eckert, a director at Miami International Holdings, reported the sale of 37,917 shares of common stock for approximately $1.48 million, indicating a planned liquidity move while reducing his direct stake in the company.
- Ownership Reduction: The sale accounted for 21.03% of Eckert's direct holdings, leaving him with 142,375 shares valued at around $5.56 million, suggesting continued confidence in the company's future despite the significant reduction.
- Stable Market Performance: The average sale price of $39.00 per share closely matched the market close of $39.02 on March 19, 2026, indicating that the transaction did not materially impact market prices.
- Strong Company Growth: Miami International Holdings reported a 56% increase in revenue over the past year and a 143% rise in adjusted EBITDA, reflecting robust performance in options trading and market share gains, positioning the company for future expansion.
See More
Director of Miami International Holdings Sells Shares
- Share Reduction Details: Kurt M. Eckert, a director at Miami International Holdings, sold 37,917 shares on March 19, 2026, for approximately $1.48 million at an average price of $39.00 per share, reducing his direct holdings to 142,375 shares, indicating a strategic liquidity move.
- Options Exercise and Sale: The transaction involved the exercise of 12,917 options, with all shares sold directly, suggesting that this sale is more about liquidity management rather than a negative outlook on the company's future, reflecting the director's timing acumen in the market.
- Significant Revenue Growth: Miami International Holdings reported full-year net revenue of $430.5 million for 2026, marking a 56% year-over-year increase, while adjusted EBITDA soared by 143% to $199.1 million, showcasing strong operational momentum driven by robust options trading volumes.
- Market Share Increase: The company's options market share has climbed to 18.2%, with a sharp rise in average daily volume indicating enhanced liquidity on their platforms, suggesting that if they can maintain this growth, there could be further upside potential for the stock.
See More
MIAX Exchange Group Reports 25.4% Increase in Multi-list Options ADV
- Significant Volume Growth: The MIAX Exchange Group reported a 25.4% year-over-year increase in average daily trading volume (ADV) for multi-list options in February 2026, reaching 10,812,000 contracts, indicating strong market performance and rising client demand.
- Market Share Increase: The options market share for MIAX rose from 15.8% to 17.1%, reflecting not only an enhanced competitive position in a crowded market but also potentially laying the groundwork for future revenue growth.
- Industry Comparison: MIAX's growth rate of 25.4% significantly outpaced the overall U.S. equity options industry ADV growth of 15.9%, demonstrating the effectiveness of MIAX's strategies in attracting traders.
- Futures Trading Volume Decline: Despite the growth in options trading, MIAX Futures experienced a 38.5% decline in ADV, dropping to 14,944,000 contracts, highlighting challenges in the futures market that may necessitate strategic adjustments to address market dynamics.
See More
MIAX Exchange Group Reports 25.4% Increase in Multi-list Options ADV YoY
- Significant Volume Growth: The MIAX Exchange Group's average daily trading volume (ADV) for multi-list options reached 10,812,000 contracts in February 2026, a 25.4% increase from 8,625,000 contracts in February 2025, indicating a substantial enhancement in the company's market competitiveness.
- Market Share Increase: The options market share for MIAX rose from 15.8% to 17.1%, reflecting not only an enhanced position within the industry but also the potential to attract more investors, thereby driving further revenue growth.
- Industry Comparison: MIAX's trading volume growth outpaced the overall U.S. equity options industry's 15.9%, demonstrating the company's superior performance relative to competitors and reinforcing its market leadership.
- Futures Trading Volume Decline: Despite the growth in options trading, MIAX Futures' ADV fell to 14,944,000 contracts, down 38.5% from 24,316,000 contracts year-over-year, which may impact the company's overall revenue structure and necessitates attention to future market strategy adjustments.
See More
Miami International Holdings Reports Q4 Earnings Growth
- Significant Earnings Growth: Miami International Holdings reported fourth-quarter earnings of $29.94 million, or $0.27 per share, a substantial increase from last year's $2.89 million and $0.04 per share, indicating a marked improvement in profitability.
- Adjusted Earnings Performance: Excluding items, the company reported adjusted earnings of $57.08 million, or $0.52 per share, reflecting strong performance in core operations and bolstering investor confidence.
- Revenue Continues to Rise: The company's revenue for the fourth quarter increased by 14.1% to $369.43 million from $323.90 million last year, demonstrating enhanced competitiveness and the ability to attract more clients in the market.
- Optimistic Market Outlook: With both earnings and revenue growth, Miami International Holdings showcases a robust market performance, which is expected to further drive the company's expansion and investment strategies, strengthening its position in the industry.
See More
Miami International Holdings and Upstart Growth Potential Analysis
- Growth Potential Assessment: Motley Fool contributors Jason Hall and Tyler Crowe highlight Miami International Holdings (MIAX) and Upstart (UPST) as growth stocks with the potential to double over the long term, reflecting optimistic market expectations for both companies' future performance.
- Market Performance Analysis: As of March 13, 2026, Miami International Holdings' stock price saw a slight increase of 0.03%, indicating investor confidence in its growth prospects, which may attract more capital inflow.
- Investor Attention: The video, published on March 30, 2026, suggests that analysts' recommendations on these stocks could influence investor decisions, potentially driving stock prices higher.
- Long-Term Investment Strategy: Analysts emphasize the strategy of selecting these growth stocks for long-term investment to capitalize on their potential high returns, reflecting a deep understanding of market trends and forward-looking positioning.
See More
Miami International Holdings Executive Sells Shares
- Insider Share Sale: Kurt M. Eckert, a director at Miami International Holdings, reported the sale of 37,917 shares of common stock for approximately $1.48 million, indicating a planned liquidity move while reducing his direct stake in the company.
- Ownership Reduction: The sale accounted for 21.03% of Eckert's direct holdings, leaving him with 142,375 shares valued at around $5.56 million, suggesting continued confidence in the company's future despite the significant reduction.
- Stable Market Performance: The average sale price of $39.00 per share closely matched the market close of $39.02 on March 19, 2026, indicating that the transaction did not materially impact market prices.
- Strong Company Growth: Miami International Holdings reported a 56% increase in revenue over the past year and a 143% rise in adjusted EBITDA, reflecting robust performance in options trading and market share gains, positioning the company for future expansion.
See More
Director of Miami International Holdings Sells Shares
- Share Reduction Details: Kurt M. Eckert, a director at Miami International Holdings, sold 37,917 shares on March 19, 2026, for approximately $1.48 million at an average price of $39.00 per share, reducing his direct holdings to 142,375 shares, indicating a strategic liquidity move.
- Options Exercise and Sale: The transaction involved the exercise of 12,917 options, with all shares sold directly, suggesting that this sale is more about liquidity management rather than a negative outlook on the company's future, reflecting the director's timing acumen in the market.
- Significant Revenue Growth: Miami International Holdings reported full-year net revenue of $430.5 million for 2026, marking a 56% year-over-year increase, while adjusted EBITDA soared by 143% to $199.1 million, showcasing strong operational momentum driven by robust options trading volumes.
- Market Share Increase: The company's options market share has climbed to 18.2%, with a sharp rise in average daily volume indicating enhanced liquidity on their platforms, suggesting that if they can maintain this growth, there could be further upside potential for the stock.
See More
MIAX Exchange Group Reports 25.4% Increase in Multi-list Options ADV
- Significant Volume Growth: The MIAX Exchange Group reported a 25.4% year-over-year increase in average daily trading volume (ADV) for multi-list options in February 2026, reaching 10,812,000 contracts, indicating strong market performance and rising client demand.
- Market Share Increase: The options market share for MIAX rose from 15.8% to 17.1%, reflecting not only an enhanced competitive position in a crowded market but also potentially laying the groundwork for future revenue growth.
- Industry Comparison: MIAX's growth rate of 25.4% significantly outpaced the overall U.S. equity options industry ADV growth of 15.9%, demonstrating the effectiveness of MIAX's strategies in attracting traders.
- Futures Trading Volume Decline: Despite the growth in options trading, MIAX Futures experienced a 38.5% decline in ADV, dropping to 14,944,000 contracts, highlighting challenges in the futures market that may necessitate strategic adjustments to address market dynamics.
See More
MIAX Exchange Group Reports 25.4% Increase in Multi-list Options ADV YoY
- Significant Volume Growth: The MIAX Exchange Group's average daily trading volume (ADV) for multi-list options reached 10,812,000 contracts in February 2026, a 25.4% increase from 8,625,000 contracts in February 2025, indicating a substantial enhancement in the company's market competitiveness.
- Market Share Increase: The options market share for MIAX rose from 15.8% to 17.1%, reflecting not only an enhanced position within the industry but also the potential to attract more investors, thereby driving further revenue growth.
- Industry Comparison: MIAX's trading volume growth outpaced the overall U.S. equity options industry's 15.9%, demonstrating the company's superior performance relative to competitors and reinforcing its market leadership.
- Futures Trading Volume Decline: Despite the growth in options trading, MIAX Futures' ADV fell to 14,944,000 contracts, down 38.5% from 24,316,000 contracts year-over-year, which may impact the company's overall revenue structure and necessitates attention to future market strategy adjustments.
See More
Miami International Holdings Reports Q4 Earnings Growth
- Significant Earnings Growth: Miami International Holdings reported fourth-quarter earnings of $29.94 million, or $0.27 per share, a substantial increase from last year's $2.89 million and $0.04 per share, indicating a marked improvement in profitability.
- Adjusted Earnings Performance: Excluding items, the company reported adjusted earnings of $57.08 million, or $0.52 per share, reflecting strong performance in core operations and bolstering investor confidence.
- Revenue Continues to Rise: The company's revenue for the fourth quarter increased by 14.1% to $369.43 million from $323.90 million last year, demonstrating enhanced competitiveness and the ability to attract more clients in the market.
- Optimistic Market Outlook: With both earnings and revenue growth, Miami International Holdings showcases a robust market performance, which is expected to further drive the company's expansion and investment strategies, strengthening its position in the industry.
See More
