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The International Securities Exchange (ISE) today reported average daily volume of 3.1 million contracts in February 2010.
Average daily trading volume for all options contracts decreased 17.4% to 3.1 million contracts in February as compared to 3.8 million contracts during the same period in 2009. Total options volume for the month decreased 17.4% to 59.8 million contracts from 72.5 million contracts in the same year-ago period.
On a year-to-date basis, average daily trading volume of all options decreased 7.7% to 3.4 million contracts traded. Total year-to-date options volume through February 2010 decreased 10.0% to 131.1 million contracts from 145.7 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'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 February 2010, our market share in equity options would increase to 25.3% from 24.6%, an increase of 0.7 market share points. If volume from dividend trades were excluded from ISE's data in February 2009, our market share in equity options would increase to 30.3% from 30.0%. 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 February 3, 2010, ISE and Hanweck Associates, LLC, a premier
financial-services provider specializing in high-performance risk management
and trading solutions for institutional investors, announced that ISE has
made a strategic investment in Hanweck Associates. ISE's minority investment
will help Hanweck Associates support further product development, expand its
sales and technical support teams, and meet the increasing market demand for
real-time options analytics as the options industry continues to grow.
- ISE traded more volume than any other options exchange in 1,100 of 2,183 issues in its listings.
