The International Securities Exchange (ISE) today reported average daily volume of 3.0 million contracts in November 2010.
Average daily trading volume for all options contracts decreased 2.3% to 3.0 million contracts in November as compared to 3.1 million contracts during the same period in 2009. Total options volume for the month increased 2.6% to 62.7 million contracts from 61.1 million contracts in the same year-ago period.
On a year-to-date basis, average daily trading volume of all options decreased 23.5% to 3.0 million contracts traded. Total year-to-date options volume through November 2010 decreased 23.5% to 689.2 million contracts from 900.4 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 November 2010, our market share in equity options would increase to 20.2% from 18.8%, an increase of 1.4 market share points. 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.
Dividend Trade Impact on Industry Market Share*
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*This calculation is based on in-the-money call options with a premium of $0.50 or more, and with trades greater than 1,000 contracts. Only trades with the closest expiration are considered. Exchanges without fee caps are excluded. This dividend trade volume information is presented for informational purposes only. It is provided on an "as is" basis, without warranty of any kind. ISE does not guarantee its accuracy or completeness, and ISE accepts no responsibility for any errors or omissions in, or the consequence of relying or acting upon, this information. 2010 YTD data only is only available from June 2010 onwards.
Monthly Highlights
- On November 2, 2010, ISE announced that it has expanded the number of expiration months available for 20 of the most actively traded options classes on its exchange. ISE pioneered the pilot program, which allows all US options exchanges to list up to two additional, consecutive expiration months.
- On November 8, 2010, Longitude LLC, a wholly owned subsidiary of International Securities Exchange Holdings, Inc., announced that it is exploring new business opportunities for its patented technology platform. Among the business opportunities being considered, Longitude is exploring the introduction of its powerful technology platform to the parimutuel wagering industry.
- ISE traded more volume than any other options exchange in 493 of 2,307 issues in its listings.
