Listings & Volume Growth
ISE's listed issues have grown to 515 issues. These account for greater than 90% of the options industry's average daily equity options volume across all U.S. options exchanges. Achieving listings representing 90% of the daily equity options volume was one of ISE's goals established prior to launch in May 2000 and was achieved in less than two years of trading on the only fully electronic domestic options exchange. The Exchange is now the primary market, as represented by volume, in 179 of its issues. The current list of all issues traded is always available on our web site (www.iseoptions.com) within the section entitled "Product Information."
ISE's average daily volume during May was a record 543,114 contracts, up 6% from the average volume (512,026 contracts) the previous month and up 137% from May 2001 (228,993 contracts).
ISE's market share in its listed products averaged 23% for May, a new monthly record. ISE's market share for all listed equity options averaged 21.0%, compared to 7.8% for May of 2001; this figure represents the highest such market share attained by ISE since the launch of trading.
Membership
The number of broker-dealers approved as Electronic Access Members (EAMs) has grown to 99 firms, with several more in the process of attaining membership.
On May 1, 2002 ISE demutualized, converting from a New York limited liability corporation, in which equity interests as well as trading rights are represented by single ownership interests, to a Delaware corporation, in which equity interests and trading rights are represented by different securities.
