International Securities Exchange Has Another Record Month - First In Volume In Its Listed Issues - First In Equity Options Volume

The ISE announced yesterday that, for the second consecutive month, it established new volume and market share records, continuing its expansion in the face of a general industry contraction. Moreover, ISE was the industry volume leader in the 507 issues that it lists and the primary market, as measured by volume, in 257 of these issues. Included in the widely traded issues in which ISE is primary are: IBM, Cisco, GM, Applied Materials, Dell, Merrill Lynch, QUALCOMM, Ebay, Johnson & Johnson and AIG.

ISE's average daily volume during June was a record 719,560 contracts, an increase of 32% from the previous month's average volume (543,114 contracts) and a 206% increase from June 2001 (235,189 contracts). In addition, ISE's market share in its listed equity options was a record 27%, compared to 12% for June of 2001. ISE's market share in all equity options was 24.4% during June, also a new monthly record. In addition, on June 11, 13 and 27, ISE ranked first in total equity options volume.

ISE has seen continuous growth, as the increasing list of market participants experiences the many benefits of trading on the only fully electronic options exchange in the U.S.