The International Securities Exchange (ISE) today reported average daily volume of 2.5 million contracts in July 2010.
Average daily trading volume for all options contracts decreased 38.7% to 2.5 million contracts in July as compared to 4.1 million contracts during the same period in 2009. Total options volume for the month decreased 41.5% to 53.0 million contracts from 90.6 million contracts in the same year-ago period.
On a year-to-date basis, average daily trading volume of all options decreased 22.5% to 3.2 million contracts traded. Total year-to-date options volume through July 2010 decreased 23.0% to 458.6 million contracts from 595.5 million contracts in the same period last year.
Total
Options Volume (Equity, ETF, Index and FX Options)
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Equity and ETF Options Volume Statistics
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Index Options Volume Statistics
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ISE FX OptionsĀ® Volume Statistics
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ISE's market share statistics continue to be negatively impacted by dividend trade strategies that are permitted based on a non-economic rationale. These trades temporarily inflate and distort trading volume and market share when transacted.
If the volume from dividend trades were excluded from ISE's data for July 2010, our market share in equity options would increase to 20.5% from 20.2%, an increase of 0.3 market share points. 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.
Monthly Highlights
On July 19, 2010, ISE introduced Do Not Route (DNR) orders for both priority and professional customers. This new order type allows ISE's customers to indicate that they want to cancel their options orders rather than have them routed to another exchange if the National Best Bid or Offer (NBBO) is not posted at ISE.
ISE traded more volume than any other options exchange in 650 of 2,286 issues in its listings.