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ISE was the second largest equity options exchange in January with market share of 18.2%, excluding dividend trades.
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Dividend trades made up 3.0% of industry volume in January 2013.
The International Securities Exchange (ISE) today reported average daily volume of 2.8 million contracts in January 2013. This represents an increase of 3.1% compared to January 2012. Total options volume for the month was 58.3 million contracts. ISE was the second largest U.S. equity options exchange in January with market share of 18.2%*.
Business highlights for the month of January include:
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On January 30, 2013, ISE announced that its new product development group will now be known as ISE ETF Ventures. The new name reflects the group's evolving focus and expanded capabilities in the ETF business.
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For the month of January, Implied Order functionality accounted for 7.0% of all non-crossing, multi-legged contract volume executed on ISE.
Detailed volume statistices are found in the tables below:
Total Options Volume (Equity, ETF, Index and FX Options)
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Equity Options Volume Statistics (Includes ETF)
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Index Options Volume Statistics (Excludes FX)
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FX Volume Statistics
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*ISE does not include dividend trade volume in market share statistics. ISE's market share statistics continue to be negatively impacted by dividend trade strategies that are permitted based on a non-economic rationale, and inflate and distort trading volume and market share when transacted. 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 visitwww.ise.com/dividendtrades.
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.