An update on March options activity from ISE:
- ISE’s options exchanges combined to represent 16.8% of equity options market share, excluding dividend trades.
- ISE’s options exchanges reported a combined ADV of 2.3 million contracts.
- Dividend trades made up 0.8% of industry volume in March 2016.
The International Securities Exchange Holdings, Inc. (ISE Holdings) today reported a combined average daily volume (ADV) of 2.3 million contracts in March 2016 for its three options exchanges: ISE, ISE Gemini, and ISE Mercury. This represents 16.8% of U.S. equity options market share.
Business highlights for the month of March include:
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On March 1, ISE Holdings announced that effective April 1, 2016, Robert Cornish will become Chief Information Officer and Thomas Reina will assume the position of Chief Technology Officer, upon the retirement of current CIO Daniel Friel.?
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On March 24, ISE Mercury successfully completed an additional new product rollout, bringing its number of listings to more than 3,200 within its first six weeks since launch.
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On March 30, ISE announced its collaboration with Amazon Web Services to build and operate cloud-based disaster recovery infrastructure for ISE’s options exchanges. ISE is the first regulated securities exchange to successfully implement this technology.
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Trading of multi-legged strategy orders on ISE through Implied Order functionality surpassed 47 million contracts since launch and accounted for 5.0% of all non-crossing, multi-legged contract volume executed on ISE during the month of March.?