MIAX Exchange Group Reports Record 2.4 Billion Options Contracts in 2025, Up 41.1%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2026
0mins
Should l Buy MIAX?
Source: PRnewswire
- Record Trading Volume: MIAX Exchange Group executed a record 2.4 billion multi-listed options contracts in 2025, representing a 41.1% increase over 2024, which highlights a robust recovery in market demand and solidifies its leadership position in financial markets.
- Increased Average Daily Volume: In December 2025, MIAX's average daily trading volume reached 9,201,000 contracts, up 16.7% from the same month in 2024, which not only enhances the company's market share but also strengthens its influence in the competitive options market.
- Market Share Growth: The MIAX Exchange Group's options market share rose to 17.1% in 2025, an increase of 4.7% from 2024, indicating significant progress in attracting more traders and further enhancing its competitive edge in the market.
- Decline in Futures Trading Volume: Despite the substantial rise in options trading, MIAX Futures' average daily volume fell by 48.5%, which may impact the company's overall revenue structure and prompt management to reassess its futures market strategy to address future challenges.
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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: 41.580
Low
37.00
Averages
47.20
High
55.00
Current: 41.580
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.
MIAX CEO Thomas Gallagher Named Chief Executive of the Year
- Leadership Recognition: MIAX's Chairman and CEO Thomas P. Gallagher was named Chief Executive of the Year at the 2026 FOW International Awards, highlighting his exceptional contributions and leadership in the financial markets sector.
- Company Growth Journey: Since 2012, Gallagher has led MIAX from a single options exchange to a global exchange group currently operating eight exchanges across options, futures, and equities, demonstrating significant market influence.
- Strategic Milestones: In 2025, Gallagher successfully guided the company through its initial public offering and secondary offering, as well as the launch of the MIAX Futures Onyx trading platform, marking continuous innovation and expansion in financial technology.
- Team Collaboration Spirit: In his acceptance speech, Gallagher emphasized the contributions of the team, indicating that MIAX's success is a result of collective efforts, which further strengthens internal cohesion and confidence in future growth.
See More
MIAX CEO Thomas Gallagher Named Chief Executive of the Year at FOW Awards 2026
- Leadership Recognition: MIAX's Chairman and CEO Thomas P. Gallagher was named Chief Executive of the Year at the 2026 FOW International Awards, highlighting his exceptional leadership and influence in the financial markets sector.
- Company Growth Journey: Since 2012, Gallagher has led MIAX from a single options exchange to a global exchange group currently operating eight exchanges across options, futures, and equities, showcasing its strong competitive position in the market.
- Strategic Milestones: In 2025, Gallagher successfully guided the company through its initial public offering and secondary offering, as well as the launch of the MIAX Futures Onyx trading platform, marking ongoing innovation and expansion in the fintech space.
- Team Contribution Emphasis: In his acceptance speech, Gallagher emphasized the vision and contributions of the MIAX team over the past 18 years, indicating that success is a result of teamwork, which further enhances internal cohesion and morale within the company.
See More
MIAX CEO Thomas P. Gallagher Named Chief Executive of the Year at FOW Awards 2026
- Leadership Recognition: MIAX's Chairman and CEO Thomas P. Gallagher was awarded Chief Executive of the Year at the 2026 FOW International Awards, highlighting his exceptional contributions and leadership in the financial markets sector.
- Company Growth Journey: Since becoming CEO in 2012, Gallagher has led MIAX's transformation from a single options exchange to a global exchange group operating eight exchanges, demonstrating success in market expansion and innovation.
- Strategic Milestones: In 2025, Gallagher successfully guided the company through its initial public offering and secondary offering, as well as the launch of the MIAX Futures Onyx trading platform, marking significant progress in diversifying financial products and services.
- Team Contribution Emphasis: In his acceptance speech, Gallagher emphasized the collective effort of the MIAX team, indicating that success is not solely an individual achievement but rather a result of the team's vision and commitment driving the company's accomplishments.
See More
MIAX to Release Q4 Financial Results on February 25, 2026
- Earnings Release Schedule: MIAX is set to release its financial results for Q4 2025 after market close on February 25, 2026, reflecting the company's performance and financial health across multiple asset classes.
- Management Conference Call: Following the earnings release, senior management will hold a conference call at 5:00 p.m. ET, accessible at 866-652-5200 (international dial-in 412-317-6060), ensuring timely updates for investors on company developments.
- Webcast Availability: The conference call will be available via webcast on MIAX's website under the
See More
MIAX to Release Q4 Financial Results on February 25
- Earnings Release Schedule: MIAX is set to release its financial results for Q4 2025 after market close on February 25, 2026, reflecting the company's performance across multiple asset classes.
- Management Conference Call: Following the earnings release, senior management will host a conference call at 5:00 p.m. ET, with participants able to dial in at 866-652-5200 or 412-317-6060 internationally, facilitating investor engagement.
- Webcast Availability: The conference call will also be available via webcast on MIAX's website under the 'Events & Presentations' section, ensuring global investors can participate and stay updated on the company's developments.
- Diverse Market Operations: MIAX operates eight exchanges across options, futures, and equities, showcasing its technology-driven leadership in regulated financial markets across various asset classes and geographies.
See More
MIAX to Release Q4 Financial Results on February 25
- Earnings Release Schedule: MIAX is set to release its financial results for Q4 2025 after market close on February 25, 2026, reflecting the company's commitment to transparency and information disclosure, which may influence investor confidence.
- Management Conference Call: Following the earnings release, MIAX's senior management will hold a conference call at 5:00 p.m. ET, with participants able to dial in at 866-652-5200 (international 412-317-6060), enhancing communication channels with investors.
- Webcast Availability: The call will be available via webcast on MIAX's website under the
See More
MIAX CEO Thomas Gallagher Named Chief Executive of the Year
- Leadership Recognition: MIAX's Chairman and CEO Thomas P. Gallagher was named Chief Executive of the Year at the 2026 FOW International Awards, highlighting his exceptional contributions and leadership in the financial markets sector.
- Company Growth Journey: Since 2012, Gallagher has led MIAX from a single options exchange to a global exchange group currently operating eight exchanges across options, futures, and equities, demonstrating significant market influence.
- Strategic Milestones: In 2025, Gallagher successfully guided the company through its initial public offering and secondary offering, as well as the launch of the MIAX Futures Onyx trading platform, marking continuous innovation and expansion in financial technology.
- Team Collaboration Spirit: In his acceptance speech, Gallagher emphasized the contributions of the team, indicating that MIAX's success is a result of collective efforts, which further strengthens internal cohesion and confidence in future growth.
See More
MIAX CEO Thomas Gallagher Named Chief Executive of the Year at FOW Awards 2026
- Leadership Recognition: MIAX's Chairman and CEO Thomas P. Gallagher was named Chief Executive of the Year at the 2026 FOW International Awards, highlighting his exceptional leadership and influence in the financial markets sector.
- Company Growth Journey: Since 2012, Gallagher has led MIAX from a single options exchange to a global exchange group currently operating eight exchanges across options, futures, and equities, showcasing its strong competitive position in the market.
- Strategic Milestones: In 2025, Gallagher successfully guided the company through its initial public offering and secondary offering, as well as the launch of the MIAX Futures Onyx trading platform, marking ongoing innovation and expansion in the fintech space.
- Team Contribution Emphasis: In his acceptance speech, Gallagher emphasized the vision and contributions of the MIAX team over the past 18 years, indicating that success is a result of teamwork, which further enhances internal cohesion and morale within the company.
See More
MIAX CEO Thomas P. Gallagher Named Chief Executive of the Year at FOW Awards 2026
- Leadership Recognition: MIAX's Chairman and CEO Thomas P. Gallagher was awarded Chief Executive of the Year at the 2026 FOW International Awards, highlighting his exceptional contributions and leadership in the financial markets sector.
- Company Growth Journey: Since becoming CEO in 2012, Gallagher has led MIAX's transformation from a single options exchange to a global exchange group operating eight exchanges, demonstrating success in market expansion and innovation.
- Strategic Milestones: In 2025, Gallagher successfully guided the company through its initial public offering and secondary offering, as well as the launch of the MIAX Futures Onyx trading platform, marking significant progress in diversifying financial products and services.
- Team Contribution Emphasis: In his acceptance speech, Gallagher emphasized the collective effort of the MIAX team, indicating that success is not solely an individual achievement but rather a result of the team's vision and commitment driving the company's accomplishments.
See More
MIAX to Release Q4 Financial Results on February 25, 2026
- Earnings Release Schedule: MIAX is set to release its financial results for Q4 2025 after market close on February 25, 2026, reflecting the company's performance and financial health across multiple asset classes.
- Management Conference Call: Following the earnings release, senior management will hold a conference call at 5:00 p.m. ET, accessible at 866-652-5200 (international dial-in 412-317-6060), ensuring timely updates for investors on company developments.
- Webcast Availability: The conference call will be available via webcast on MIAX's website under the
See More
MIAX to Release Q4 Financial Results on February 25
- Earnings Release Schedule: MIAX is set to release its financial results for Q4 2025 after market close on February 25, 2026, reflecting the company's performance across multiple asset classes.
- Management Conference Call: Following the earnings release, senior management will host a conference call at 5:00 p.m. ET, with participants able to dial in at 866-652-5200 or 412-317-6060 internationally, facilitating investor engagement.
- Webcast Availability: The conference call will also be available via webcast on MIAX's website under the 'Events & Presentations' section, ensuring global investors can participate and stay updated on the company's developments.
- Diverse Market Operations: MIAX operates eight exchanges across options, futures, and equities, showcasing its technology-driven leadership in regulated financial markets across various asset classes and geographies.
See More
MIAX to Release Q4 Financial Results on February 25
- Earnings Release Schedule: MIAX is set to release its financial results for Q4 2025 after market close on February 25, 2026, reflecting the company's commitment to transparency and information disclosure, which may influence investor confidence.
- Management Conference Call: Following the earnings release, MIAX's senior management will hold a conference call at 5:00 p.m. ET, with participants able to dial in at 866-652-5200 (international 412-317-6060), enhancing communication channels with investors.
- Webcast Availability: The call will be available via webcast on MIAX's website under the
See More
