Username: Password: Forgotten your Password? Create an Account

August 1st, 2008: The International Securities Exchange (ISE) has reported that in July 2008, its options exchange traded an average daily volume of 4.6 million contracts. The ISE Stock Exchange traded a record average daily volume of 94.1 million shares in the same period.

ISE Reports Monthly Volume for July 2008

Average daily trading volume for all options contracts increased 29.4% to 4.6 million contracts in July as compared to 3.6 million contracts during the same period in 2007. Total options volume for the month increased 35.5% to 101.8 million contracts from 75.1 million contracts in the same year-ago period.

On a year-to-date basis, average daily trading volume of all options increased 40.1% to 4.1 million contracts traded as compared to 2.9 million contracts traded in the prior year. Total year-to-date options volume through July 2008 increased 42.0% to 607.0 million contracts from 427.5 million contracts in the same period last year.

Total Options Volume (Equity, ETF, Index and FX Options)

Current Month

Year-to-Date

(000s)

Jul-08

Jul-07

% Change

Jul-08

Jul-07

% Change

ISE Average Daily Volume

4,625.6

3,575.7

29.4%

4,129.5

2,948.4

40.1%

ISE Total Volume

101,762.6

75,089.1

35.5%

607,040.1

427,524.2

42.0%

Industry Average Daily Volume

16,648.7

12,660.4

31.5%

14,302.4

10,518.4

36.0%

Market Share

27.8%

28.2%

(0.4) pts

28.9%

28.0%

0.9 pts

Market Share: Customer

30.2%

28.8%

1.4 pts

30.6%

29.3%

1.3 pts

Market Share: Firm

29.8%

28.2%

1.6 pts

31.7%

25.7%

6.0 pts

Market Share: Market Maker

25.1%

27.7%

(2.6) pts

26.6%

27.7%

(1.1) pts

Equity and ETF Options Volume Statistics

Current Month

Year-to-Date

(000s)

Jul-08

Jul-07

% Change

Jul-08

Jul-07

% Change

ISE Average Daily Volume

4,533.8

3,492.1

29.8%

4,051.3

2,894.1

40.0%

ISE Total Volume

99,743.8

73,333.1

36.0%

595,546.2

419,800.8

41.9%

Industry Average Daily Volume

15,361.0

11,457.4

34.1%

13,185.7

9,502.9

38.8%

Market Share

29.5%

30.5%

(1.0) pt

30.7%

30.5%

0.2 pts

Market Share: Customer

32.0%

31.0%

1.0 pts

32.4%

31.8%

0.6 pts

Market Share: Firm

32.1%

31.0%

1.1 pts

34.4%

28.3%

6.1 pts

Market Share: Market Maker

26.7%

29.8%

(3.1) pts

28.3%

30.0%

(1.7) pts

Index Options Volume Statistics

Current Month Year-to-Date (000s)

Jul-08

Jul-07

% Change

Jul-08

Jul-07

% Change

ISE Average Daily Volume

88.1

81.2

8.5%

71.0

52.2

36.0%

ISE Total Volume

1,938.7

1,705.0

13.7%

10,431.1

7,565.0

37.9%

Industry Average Daily Volume

1,271.9

1,197.8

6.2%

1,091.9

1,011.8

7.9%

Market Share

6.9%

6.8%

0.1 pts

6.5%

5.2%

1.3 pts

ISE FX Options® Volume Statistics*

Current Month

Year-to-Date (000s)

Jul-08

Jul-07

% Change

Jul-08

Jul-07

% Change

ISE Average Daily Volume

3.6

2.4

50.1%

7.2

2.1

237.5%

ISE Total Volume

80.1

50.9

57.2%

1,062.8

158.5

N/M

*ISE FX Options began trading on April 17, 2007. Average daily volume for YTD 2007 is calculated based on the number of days the products traded.

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

Options Exchange

· On July 9, 2008, ISE announced the introduction of a new ISE Order Routing System (IORS2) for its options exchange. The new, internally developed routing system connects ISE members using FIX connections to ISE's options exchange interface. ISE's software development team leveraged technology developed for other ISE applications, such as the PrecISE Trade® front-end, to significantly decrease the latency of this critical application in ISE's exchange architecture.

· ISE traded more volume than any other options exchange in 969 of 1,953 issues in its listings.

ISE Stock Exchange

· A record average daily volume of 94.1 million shares traded on the ISE Stock Exchange in July 2008.

The ISE Stock Exchange offers opportunities for price improvement through its non-displayed liquidity pool, MidPoint Match. Total price improvement in July 2008 was $5.8 million, and price improvement for all displayed market taker orders that interacted with MidPoint Match was over $0.01 per share. click here to return to the top of the page