The establishment of ISE's latest trading volume milestone follows the introduction of ISEspreads and the "one size fits all" trading initiative. ISEspreads, which was introduced on February 7, allows ISE members to automatically execute multiple-part trades, such as spreads, straddles, strangles, and butterflies, against the combination order book and against bids and offers posted in ISE's regular order book. "One size fits all," which was implemented January 22, enables market makers and firms to automatically execute their orders against the full size of ISE's displayed quote - - something that was historically only available to customers in the options market.
"ISE was founded on the principle of growth through innovation. We are gratified that our innovations continue to be well received and continue to satisfy customer needs," said David Krell, ISE's president and CEO.
At the end of January, ISE's overall trading volume made it the second largest of the five US options exchanges.
ISE's trading volume milestones include:
- February 20, 2003: 250 million contracts traded
- October 29, 2002: 200 million contracts traded
- July 17, 2002: 150 million contracts
- March 14, 2002: 100 million contracts traded
- January 8, 2002: 75 million contracts traded
- May 29, 2001: 25 million contracts traded
- August 8, 2000: 1 million contracts traded
- May 26, 2000: First contract traded, SBC Communications Inc., October 45 call, 20 lot
ISE, which pioneered electronic options trading in the US, is the second largest US options exchange.
ISE is the only fully-electronic U.S. options exchange, the first registered securities exchange approved by the Securities and Exchange Commission since 1973, and the first and only electronic options exchange in the global marketplace that has successfully integrated the intrinsic efficiencies of electronic trading with auction market principles.
ISE lists 533 options classes, whose aggregate volume represents more than 90% of the industry's total equity options volume. For more information about ISE, its products and its technology, visit www.iseoptions.com.
