- Dividend trades made up 4.6% of industry volume in April 2011.
- ISE is third largest equity options exchange in April with market share of 19.2%, excluding dividend trades.
The International Securities Exchange (ISE) today reported average daily volume of 2.9 million contracts in April 2011, a decrease of 11.5% compared to April 2010. Total options volume for the month was 58.3 million contracts. ISE was the third-largest U.S. equity options exchange in April with market share of 19.2%*. Business highlights for the month of April include:
- On April 11, 2011, ISE launched its new options trading system on Deutsche Börse Group’s Optimise™ trading architecture. The implementation of Optimise marks a critical milestone for the new system, which was developed by drawing on contributions from the expert technology teams at Deutsche Börse and ISE. With Optimise, ISE will significantly improve the latency profile of its trading system and offer enhanced functionality to member firms.
- On April 13, 2011, ISE announced the unveiling of the U.S. Options Industry Room at Ronald McDonald House® New York. ISE took part in Ronald McDonald House New York’s “Adopt-aRoom” program by donating the profit it generated from organizing the 2010 Options Industry Conference. A room dedication ceremony was held on April 12, 2011, in honor of the donation that was made by ISE on behalf of the entire U.S. options industry.
- On April 14, 2011, ISE received the “Most Proactive Exchange, ETF Derivatives” award at the 7th Annual Global ETF Awards® Dinner and Workshop. Hosted by exchangetradedfunds.com, the Global ETF Awards are given to ETF industry participants for outstanding achievements in 2010. Winners were determined by voting forms returned from over 480 organizations worldwide.
- Aggregate assets under management for the ETFs based on ISE’s proprietary indexes was $1.9 billion as of April 30, 2011.
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*ISE does not include dividend trade volume in market share statistics. ISE’s market share statistics continue to be negatively impacted by dividend trade strategies that are permitted based on a noneconomic rationale, inflate and distort trading volume and market share when transacted. Exclusion of dividend trades from total industry volume data presents a more relevant measure of the relative trends in our business. For ISE’s whitepaper on dividend trades and their impact on the options industry, please visit www.ise.com/dividendtrades.