ISE Reports Monthly Volume for September 2007.Average Daily Volume of 3.0 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 September 2007 increased 27.9% to 3.0 million contracts as compared to 2.4 million contracts during the same period in 2006. Total equity and index options volume for the month increased 21.5% to 57.4 million contracts from 47.3 million contracts in the same year-ago period. On a year-to-date basis, average daily trading volume of equity and index options increased 29.6% to 3.0 million contracts traded as compared to 2.3 million contracts traded in the prior year. Total year-to-date equity and index volume through September 2007 increased 28.9% to 567.1 million contracts from 439.8 million contracts in the same period last year. [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] 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 September would increase to 31.7% from 30.7%, an increase of 1.0 market share points. On a year-to-date basis, our market share would increase to 31.3% from 30.5%, an increase of 0.8 market share points, if the volume from the largest dividend trades were excluded. The exclusion of dividend trades from total industry volume data presents a more relevant measure of the relative trends in our business. Monthly Highlights * ISE was the largest U.S. equity options exchange in September. * On September 6, 2007, ISE's Board of Directors declared a quarterly dividend of $0.05 per outstanding share of its Class A Common Stock. The dividend was payable on or about September 28, 2007 to holders of record as of the close of business on September 21, 2007. * On September 19, 2007, the ISE Stock Exchange set a new daily trading volume record of 115.7 million, surpassing the previous record of 109.0 million shares set on September 18, 2007. * On September 19, 2007, ISE launched a direct XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. data feed for ISEE ISEE - Integrated Software Engineering Environment - equivalent to SEE. Select(SM), its customized sentiment data offering. Subscribers to the proprietary ISEE Select XML Feed can now simultaneously access sentiment values for nearly all securities that trade options on ISE as they are published every twenty minutes. * Open interest in ISE FX Options continues to grow and reached 169,578 contracts on September 28, 2007, surpassing open interest of 151,480 contracts at the end of August. * ISE traded more volume than any other options exchange in 988 of 1,795 issues in its listings. ISE Background International Securities Exchange Holdings, Inc. (NYSE: ISE), through its subsidiaries, operates a family of innovative securities markets. Founded on the principle that technology and competition create better, more efficient markets for investors, ISE consists of an options exchange, a stock exchange, an alternative markets platform, and a market data business. ISE continually 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 world's largest equity options exchange. ISE offers index options, including a portfolio of proprietary index products, and enhanced market data products for sophisticated investors. ISE FX Options(SM)launched in the second quarter of 2007. ISE Stock Exchange, launched in September 2006, is a completely electronic marketplace and the only dual structure platform that integrates a dark pool, 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(SM), with a fully displayed stock market. Midpoint Match is a proprietary, non-displayed market that trades equity securities at the midpoint between the National Best Bid and Offer National best bid and offer (NBBO) is a SEC regulation requiring brokers to guarantee customers the best available ask price when buying securities, and the best available bid price when selling securities. (NBBO NBBO National Best Bid and Offer ). 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 auctions which results in greater trading and
pricing flexibility for market participants.
For more information about ISE, visit www.ise.com. |
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