The International Securities Exchange (ISE) today reported that in October 2008, its options exchange traded an average daily volume of 4.4 million contracts. The ISE Stock Exchange traded a record average daily volume of 194.1 million shares in the same period.
Average daily trading volume for all options contracts increased 20.7% to 4.4 million contracts in October as compared to 3.7 million contracts during the same period in 2007. Total options volume for the month increased 20.7% to 102.0 million contracts from 84.5 million contracts in the same year-ago period.
On a year-to-date basis, average daily trading volume of all options increased 34.4% to 4.2 million contracts traded as compared to 3.1 million contracts traded in the prior year. Total year-to-date options volume through October 2008 increased 35.7% to 883.9 million contracts from 651.5 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 Options® Volume Statistics*
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*ISE FX Options began trading on April 17, 2007. Average daily volume for YTD 2007 is calculated based on the number of days the products traded.
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
Options Exchange
- ISE was the largest U.S. equity options exchange in October.
- On October 28, 2008, ISE and NYSE Euronext (NYSE Euronext: NYX) announced that they entered into an agreement to license the right to list ISE FX Options® products on the NYSE Arca Options platform, allowing NYSE Arca Options to trade options on all currency pairs traded at ISE. NYSE Arca Options began trading options on the first of six currency pairs, the U.S. dollar/euro (Symbol: EUI), and plans to roll out the five additional currency pairs in the coming weeks.
- ISE traded more volume than any other options exchange in 1,141 of 2,049 issues in its listings.
ISE Stock Exchange
- A record average daily volume of 194.1 million shares traded on the ISE Stock Exchange in October 2008.
- The ISE Stock Exchange offers opportunities for price improvement through its non-displayed liquidity pool, MidPoint Match. Total price improvement in October 2008 was $10.3 million, and price improvement for all displayed market taker orders that interacted with MidPoint Match was over $0.01 per share.
