ISE Reports Monthly Volume for January 2007.Record Average Daily Volume of 2.8 Million Contracts NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The International Securities Exchange (NYSE NYSE See: New York Stock Exchange :ISE Ise (ē`sā), city (1990 pop. 104,164), Mie prefecture, S Honshu, Japan, on Ise Bay. It is one of the foremost religious centers of Shinto, the site of the shrines of Ise. ) today reported that average daily trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. for equity and index options contracts for January 2007 increased 3.6% to 2.8 million contracts as compared to 2.7 million contracts during the same period in 2006. Total equity and index options volume for the month increased 3.6% to 55.8 million contracts from 53.8 million contracts in the same year-ago period.
Equity and Index Options Volume Statistics
Current Month
(000s) Jan-07 Jan-06 % Change
ISE Average Daily Volume 2,787.9 2,692.1 3.6%
ISE Total Volume 55,758.9 53,842.6 3.6%
Industry Average Daily Volume 9,878.4 8,909.0 10.9%
Market Share 28.2% 30.2% (2.0) pts
Market Share: Customer 29.8% 32.2% (2.4) pts
Market Share: Firm 23.7% 23.9% (0.2) pts
Market Share: Market Maker 28.5% 30.1% (1.6) pts
Equity Options Volume Statistics
Current Month
(000s) Jan-07 Jan-06 % Change
ISE Average Daily Volume 2,749.7 2,659.6 3.4%
ISE Total Volume 54,994.2 53,191.7 3.4%
Industry Average Daily Volume 9,100.7 8,239.6 10.5%
Market Share 30.2% 32.3% (2.1) pts
Market Share: Customer 31.9% 34.1% (2.2) pts
Market Share: Firm 25.4% 26.3% (0.9) pts
Market Share: Market Maker 30.5% 32.2% (1.7) pts
Index Options Volume Statistics
Current Month
(000s) Jan-07 Jan-06 % Change
ISE Average Daily Volume 38.2 32.5 17.5%
ISE Total Volume 764.7 650.9 17.5%
Industry Average Daily Volume 777.7 669.5 16.2%
Market Share 4.9% 4.9% 0 pts
Dividend Trade Activity Our market share statistics continue to be negatively impacted by trading activity related to dividend trades among certain options market makers. These trades temporarily inflate inflate - deflate and distort trading volume and market share when transacted. If the volume from the largest dividend trades were excluded from the data, our market share of equity options for the month of January would increase to 32.2% from 30.2%, an increase of 2.0 market share points. Monthly Highlights * ISE was the largest U.S. equity options exchange in January. * On January 9, 2007 ISE's Board of Directors declared a quarterly dividend of $0.05 per outstanding share of its Class A Common Stock payable on March 30, 2007 to holders of record as of the close of business on March 23, 2007. * On January 24, 2007, the ISE Stock Exchange added all of the securities that comprise the S&P 1500 to its fully-displayed stock market. Additionally, the ISE Stock Exchange now offers full route-out capabilities to prevent trade-throughs. * ISE traded more volume than any other options exchange in 878 of 1,661 issues in its listings. ISE Background International Securities Exchange Holdings, Inc. (NYSE: ISE), through its subsidiaries, operates a family of innovative securities markets. ISE is founded on the principle that technology and competition create better, more efficient markets for investors and consists of an options exchange, a stock exchange and an alternative markets platform. ISE continually con·tin·u·al adj. 1. Recurring regularly or frequently: the continual need to pay the mortgage. 2. enhances its trading systems The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. and develops new products to provide investors with the best marketplace and investment tools to trade smarter. ISE developed a unique market structure for advanced screen-based trading systems and in May 2000 launched the first fully-electronic US options exchange. Currently, ISE operates the largest U.S. equity options exchange and is among the leading options exchanges in the world. ISE offers index options, including a portfolio of proprietary index products, and enhanced market data products for sophisticated investors. ISE FX Options[TM] are slated to launch in 2007. ISE Stock Exchange, launched in September 2006 with strategic partners, includes an innovative MidPoint mid·point n. 1. Mathematics The point of a line segment or curvilinear arc that divides it into two parts of the same length. 2. A position midway between two extremes. Match[TM] platform which offers investors continuous price improvement. MidPoint Match was integrated with a fully-displayed Best Bid Offer market in December 2006. ISE's alternative markets business currently consists of an events market trading platform known as Longitude longitude (lŏn`jĭt  d'), angular distance on the earth's surface measured along any latitude line such as the equator east or west of the prime meridian. . Longitude's
patented and proprietary technology provides a unique parimutuel
structure for derivatives derivativesIn finance, contracts whose value is derived from another asset, which can include stocks, bonds, currencies, interest rates, commodities, and related indexes. Purchasers of derivatives are essentially wagering on the future performance of that asset. auctions which results in greater trading and pricing flexibility for market participants The term market participant is used in United States constitutional law to describe a U.S. State which is acting as a producer or supplier of a marketable good or service. When a state is acting in such a role, it may permissibly discriminate against non-residents. . For more information about ISE and its options exchange, visit www.iseoptions.com and for more information about ISE Stock Exchange, visit www.isestock.com. Additionally, to learn more about ISE alternative markets technology, visit www.longitude.com. Certain matters discussed in this press release are "forward looking statements" intended to qualify for the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. from liability established by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements relate to future events or our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements, to be materially different from those contemplated by the forward looking statements. We undertake no ongoing obligation, other than that imposed by law, to update these statements. Factors that could affect our results, levels of activity, performance or achievements and cause them to materially differ from those contained in the forward looking statements can be found in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , current reports on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. and quarterly reports on Form 10-Q Form 10-Q See 10-Q. . |
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