The International Securities Exchange (ISE) today reported average daily volume of 2.9 million contracts in October 2010.
Average daily trading volume for all options contracts decreased 26.0% to 2.9 million contracts in October as compared to 4.0 million contracts during the same period in 2009. Total options volume for the month decreased 29.3% to 61.7 million contracts from 87.2 million contracts in the same year-ago period.
On a year-to-date basis, average daily trading volume of all options decreased 25.0% to 3.0 million contracts traded. Total year-to-date options volume through October 2010 decreased 25.4% to 626.5 million contracts from 839.3 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 OptionsĀ® Volume Statistics
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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.
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 October 2010, our market share in equity options would
increase to 20.7% from 19.1%, an increase of 1.6 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.
Monthly Highlights
- On October 6, 2010, ISE announced that it extended the two month fee
waiver for new users of PrecISE TradeĀ®, ISE's proprietary front-end trading
terminal.
- ISE traded more volume than any other options exchange in 531 of 2,331 issues in its listings.