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ISE Gemini® announced today that it successfully completed its first year of operation, having launched on August 5, 2013 as the twelfth options exchange in the U.S. and also as the second options exchange under International Securities Exchange Holdings, Inc. (ISE Holdings). Through ISE Gemini’s first year of trading, over 94.5 million contracts were traded with an average daily volume (ADV) of 375,041. ISE Gemini has steadily grown market share ending the first year on a strong note with 3.1 percent market share in July, excluding dividend trades.
“From the onset, ISE Gemini has been very well-received by members and has demonstrated a consistent level of growth leading up to this anniversary,” said Boris Ilyevsky, Managing Director of ISE and ISE Gemini. “We are very proud of what this exchange has been able to accomplish in a relatively short period of time, and are looking forward to continued growth in the months and years ahead.”
ISE Gemini offers customers a unique maker-taker pricing model combined with its patented pro-rata and customer priority market structure. ISE Gemini has a total of 59 members and lists 2,130 products, accounting for over 90% of average daily volume for multiply-listed products. Additional details about ISE Gemini can also be viewed atwww.ise.com/gemini. Notable ISE Gemini milestones are as follows:
August 5, 2013: First day of trading with six symbols listed
August 26, 2013: Became fastest new exchange to surpass two percent market share
August 28, 2013: Surpassed one million total contracts traded
September 30, 2013: Second product rollout completed with 500 total products listed
October 16, 2013: Surpassed 10 million total contracts traded
October 23, 2013: Surpassed 500k contracts traded and 3% market share in a single trading day
October 28, 2013: Third product rollout completed with 700 total products listed
November 19, 2013: Surpassed 20 million total contracts traded
November 25, 2013: Fourth product rollout completed with 1,000 total products listed
January 24, 2013: Surpassed 750k contracts traded in a single trading day
February 21, 2014: Surpassed 50 million total contracts traded
May 20, 2014: Surpassed 75 million total contracts traded
