Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

International Securities Exchange Reports Monthly Volume For June 2010

Date 01/07/2010

The International Securities Exchange (ISE) today reported average daily volume of 2.6 million contracts in June 2010.

Average daily trading volume for all options contracts decreased 32.6% to 2.6 million contracts in June as compared to 3.9 million contracts during the same period in 2009. Total options volume for the month decreased 32.6% to 58.0 million contracts from 86.0 million contracts in the same year-ago period.

On a year-to-date basis, average daily trading volume of all options decreased 19.7% to 3.3 million contracts traded. Total year-to-date options volume through June 2010 decreased 19.7% to 405.6 million contracts from 504.8 million contracts in the same period last year.

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

 

 

Current Month

Year-to-Date

(000s) 

Jun-10

Jun-09

% Change

Jun-10

Jun-09

% Change

ISE Average Daily Volume

2,634.5

3,907.7

-32.6%

3,270.8

4,071.3

-19.7%

ISE Total Volume

57,959.9

85,968.6

-32.6%

405,583.4

504,837.0

-19.7%

Industry Average Daily Volume

14,057.4

14,348.0

-2.0%

16,136.1

14,639.6

10.2%

Market Share

18.7%

27.2%

(8.5) pts

20.3%

27.8%

(7.5) pts

Market Share: Customer

18.6%

30.3%

(11.7) pts

21.1%

29.9%

(8.8) pts

Market Share: Firm

17.2%

23.4%

(6.2) pts

18.1%

25.7%

(7.6) pts

Market Share: Market Maker

19.4%

25.9%

(6.5) pts

20.2%

26.7%

(6.5) pts

Equity and ETF Options Volume Statistics  

 

 

Current Month

Year-to-Date

(000s) 

Jun-10

Jun-09

% Change

Jun-10

Jun-09

% Change

ISE Average Daily Volume

2,587.8

3,854.4

-32.9%

3,215.2

4,018.2

-20.0%

ISE Total Volume

56,932.3

84,796.2

-32.9%

398,680.8

498,252.8

-20.0%

Industry Average Daily Volume

12,968.3

13,441.5

-3.5%

14,863.0

13,685.7

8.6%

Market Share

20.0%

28.7%

(8.7) pts

21.6%

29.4%

(7.8) pts

Market Share: Customer

19.4%

31.7%

(12.3) pts

22.1%

31.4%

(9.3) pts

Market Share: Firm

19.4%

24.9%

(5.5) pts

20.3%

27.6%

(7.3) pts

Market Share: Market Maker

20.7%

27.4%

(6.7) pts

21.6%

28.2%

(6.6) pts

Index Options Volume Statistics 

 

 

Current Month

Year-to-Date

(000s) 

Jun-10

Jun-09

% Change

Jun-10

Jun-09

% Change

ISE Average Daily Volume

45.4

52.2

-13.0%

54.3

51.5

5.4%

ISE Total Volume

998.8

1,148.4

-13.0%

6,729.0

6,386.5

5.4%

Industry Average Daily Volume

1,087.8

905.4

20.1%

1,271.7

952.3

33.5%

Market Share

4.2%

5.8%

(1.6) pts

4.3%

5.4%

(1.1) pts

ISE FX OptionsĀ® Volume Statistics

 

 

Current Month

Year-to-Date

(000s) 

Jun-10

Jun-09

% Change

Jun-10

Jun-09

% Change

ISE Average Daily Volume

1.3

1.1

18.2%

1.4

1.6

-12.5%

ISE Total Volume

28.8

24.1

19.5%

173.6

197.7

-12.2%

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 June 2010, our market share in equity options would increase to 20.8% from 20.0%, an increase of 0.8 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 June 16, 2010, ISE announced that two new members were elected to its Board of Directors. Joseph Sellitto, Chief Executive Officer of Global Execution Brokers, an affiliate of Susquehanna International Group (SIG), and Christianna Wood, Chairperson and member of the Board of Directors for the International Corporate Governance Network, joined the ISE Board. Mr. Sellitto serves as an industry director representing ISE's Electronic Access Members (EAMs) and Ms. Wood serves as a non-industry director.

  • On June 16, 2010, ISE announced that Andreas Preuss, Chief Executive Officer of Eurex, was elected to serve as the new Vice Chairman of ISE's Board.

  • On June 17, 2010, ISE began publishing dividend trade data on its website.

  • ISE traded more volume than any other options exchange in 709 of 2,384 issues in its listings.