The International Securities Exchange (ISE) today reported average daily
volume of 4.0 million contracts in October 2009.
Average daily trading volume for all options contracts decreased 10.5% to 4.0
million contracts in October as compared to 4.4 million contracts during the
same period in 2008. Total options volume for the month decreased 14.4% to 87.2
million contracts from 102.0 million contracts in the same year-ago period.
On a year-to-date basis, average daily trading volume of all options
decreased 4.1% to 4.0 million contracts traded. Total year-to-date options
volume through October 2009 decreased 5.0% to 839.3 million contracts from 883.9
million contracts in the same period last year.
Total Options Volume (Equity, ETF, Index and FX Options)
| |
Current
Month |
Year-to-Date
|
|
(000s)
|
Oct-09
|
Oct-08
|
% Change
|
Oct-09
|
Oct-08
|
% Change
|
| ISE
Average Daily Volume |
3,965.7
|
4,432.8
|
-10.5%
|
3,996.8
|
4,169.2
|
-4.1%
|
|
ISE Total Volume
|
87,245.4
|
101,953.9
|
-14.4%
|
839,318.0
|
883,864.8
|
-5.0%
|
|
Industry Average Daily Volume
|
15,019.7
|
16,344.9
|
-8.1%
|
14,536.2
|
14,699.6
|
-1.1%
|
|
Market Share
|
26.4%
|
27.1%
|
(0.7) pts
|
27.5%
|
28.4%
|
(0.9) pts
|
|
Market Share: Customer
|
28.2%
|
28.1%
|
0.1 pts
|
29.5%
|
30.1%
|
(0.6) pts
|
|
Market Share: Firm
|
22.3%
|
28.9%
|
(6.6) pts
|
24.9%
|
30.9%
|
(6.0) pts
|
|
Market Share: Market Maker
|
25.8%
|
25.9%
|
(0.1) pts
|
26.5%
|
26.2%
|
0.3 pts
|
|
Equity and ETF Options Volume Statistics
| |
Current
Month |
Year-to-Date
|
| (000s) |
Oct-09
|
Oct-08
|
% Change
|
Oct-09
|
Oct-08
|
% Change
|
| ISE
Average Daily Volume |
3,907.7
|
4,338.9
|
-9.9%
|
3,941.9
|
4,085.8
|
-3.5%
|
|
ISE Total Volume
|
85,968.5
|
99,793.9
|
-13.9%
|
827,807.0
|
866,189.1
|
-4.4%
|
|
Industry Average Daily Volume
|
13,942.2
|
14,643.7
|
-4.8%
|
13,572.8
|
13,480.8
|
0.7%
|
|
Market Share
|
28.0%
|
29.6%
|
(1.6) pts
|
29.0%
|
30.3%
|
(1.3) pts
|
|
Market Share: Customer
|
29.7%
|
30.6%
|
(0.9) pts
|
31.0%
|
32.0%
|
(1.0) pts
|
|
Market Share: Firm
|
24.4%
|
33.5%
|
(9.1) pts
|
26.9%
|
33.8%
|
(6.9) pts
|
|
Market Share: Market Maker
|
27.4%
|
28.1%
|
(0.7) pts
|
27.9%
|
27.9%
|
0.0 pts
|
|
Index Options Volume Statistics
| |
Current Month
|
Year-to-Date |
|
(000s)
|
Oct-09
|
Oct-08
|
% Change
|
Oct-09
|
Oct-08
|
% Change
|
| ISE
Average Daily Volume |
56.6
|
90.5
|
-37.5%
|
53.5
|
75.9
|
-29.5%
|
|
ISE Total Volume
|
1,244.8
|
2,080.7
|
-40.2%
|
11,228.5
|
16,089.8
|
-30.2%
|
|
Industry Average Daily Volume
|
1,076.0
|
1,697.8
|
-36.6%
|
962.1
|
1,211.3
|
-20.6%
|
|
Market Share
|
5.3%
|
5.3%
|
0.0 pts
|
5.6%
|
6.3%
|
(0.7) pts
|
|
ISE FX Options® Volume Statistics
| |
Current Month
|
Year-to-Date |
| (000s) |
Oct-09
|
Oct-08
|
% Change
|
Oct-09
|
Oct-08
|
% Change
|
|
ISE Average Daily Volume
|
1.5
|
3.4
|
-55.9%
|
1.3
|
7.5
|
-82.7%
|
|
ISE Total Volume
|
32.1
|
79.3
|
-59.5%
|
282.5
|
1,585.9
|
-82.2%
|
|
ISE's market share statistics continue to be negatively impacted by trading
strategies that are permitted based on a non-economic rationale. These
strategies include dividend trades and synthetic short interest trades. These
trades temporarily inflate and distort trading volume and market share when
transacted.
Monthly Highlights
- ISE was the largest U.S. equity options exchange in October 2009.
-
ISE traded more volume
than any other options exchange in 1,062 of 2,141 issues in its listings.
