Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

International Securities Exchange Reports Monthly Volume for July 2009

Date 03/08/2009

The International Securities Exchange (ISE) today reported average daily volume of 4.1 million contracts in July 2009.

Average daily trading volume for all options contracts decreased 10.9% to 4.1 million contracts in July as compared to 4.6 million contracts during the same period in 2008. Total options volume for the month decreased 10.9% to 90.6 million contracts from 101.8 million contracts in the same year-ago period.  

On a year-to-date basis, average daily trading volume of all options decreased 1.2% to 4.08 million contracts traded as compared to 4.13 million contracts traded in the prior year.  Total year-to-date options volume through July 2009 decreased 1.9% to 595.5 million contracts from 607.0 million contracts in the same period last year.

Total Options Volume (Equity, ETF, Index and FX Options)

 

Current Month

Year-to-Date

(000s) 

Jul-09

Jul-08

% Change

Jul-09

Jul-08

% Change

ISE Average Daily Volume

4,119.3

4,625.6

-10.9%

4,078.5

4,129.5

-1.2%

ISE Total Volume

90,623.5

101,762.6

-10.9%

595,460.5

607,040.1

-1.9%

Industry Average Daily Volume

13,897.2

16,648.7

-16.5%

14,527.8

14,302.4

1.6%

Market Share

29.6%

27.8%

1.8 pts

28.1%

28.9%

(0.8) pts

Market Share: Customer

31.6%

30.2%

1.4 pts

30.1%

30.6%

(0.5) pts

Market Share: Firm

26.8%

29.8%

(3.0) pts

25.8%

31.7%

(5.9) pts

Market Share: Market Maker

28.7%

25.1%

3.6 pts

27.0%

26.6%

0.4 pts

Equity and ETF Options Volume Statistics  

 

 

Current Month

Year-to-Date

(000s) 

Jul-09

Jul-08

% Change

Jul-09

Jul-08

% Change

ISE Average Daily Volume

4,057.3

4,534.0

-10.5%

4,024.1

4,051.5

-0.7%

ISE Total Volume

89,260.6

99,748.9

-10.5%

587,513.4

595,574.3

-1.4%

Industry Average Daily Volume

12,987.1

15,361.0

-15.5%

13,580.4

13,185.4

3.0%

Market Share

31.2%

29.5%

1.7 pts

29.6%

30.7%

(1.1) pts

Market Share: Customer

33.0%

32.0%

1.0 pts

31.6%

32.4%

(0.8) pts

Market Share: Firm

28.8%

32.1%

(3.3) pts

27.8%

34.4%

(6.6) pts

Market Share: Market Maker

30.3%

26.6%

3.7 pts

28.5%

28.2%

0.3 pts

Index Options Volume Statistics

 

Current Month

Year-to-Date

(000s) 

Jul-09

Jul-08

% Change

Jul-09

Jul-08

% Change

ISE Average Daily Volume

61.2

87.9

-30.4%

53.0

70.8

-25.1%

ISE Total Volume

1,346.2

1,933.6

-30.4%

7,732.7

10,403.0

-25.7%

Industry Average Daily Volume

909.3

1,284.0

-29.2%

945.9

1,109.8

-14.8%

Market Share

6.7%

6.8%

(0.1) pts

5.6%

6.4%

(0.8) pts

ISE FX OptionsĀ® Volume Statistics

  Current Month Year-to-Date
(000s) 

Jul-09

Jul-08

% Change

Jul-09

Jul-08

% Change

ISE Average Daily Volume

0.8

3.6

-77.8%

1.5

7.2

-79.2%

ISE Total Volume

16.7

80.1

-79.2%

214.4

1,062.8

-79.8%

ISE's market share statistics continue to be negatively impacted by trading strategies that are permitted based on a non-economic rationale.  These strategies include dividend trades and synthetic short interest trades. These trades temporarily inflate and distort trading volume and market share when transacted.

Monthly Highlights 

  • ISE was the largest U.S. equity options exchange in July 2009.

  • On July 9, 2009, ISE announced that it enhanced its suite of options education tools with the launch of FX Options TV in partnership with Trading Central, a leading provider of independent financial research, and its media affiliate, New York Financial Press (NYFP). 

  • ISE traded more volume than any other options exchange in 1,264 of 2,155 issues in its listings.