An update on options activity from ISE:
- ISE and ISE Gemini combined represent 16.6% of equity options market share, excluding dividend trades.
- ISE and ISE Gemini reported a combined ADV of 3.0 million contracts.
- Dividend trades made up 0.4% of industry volume in August 2015.
International Securities Exchange Holdings, Inc. (ISE Holdings) today reported a combined average daily volume (ADV) of 3.0 million contracts in August 2015 for its two exchanges, ISE and ISE Gemini.?This represents 16.6% of U.S. equity options market share.
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Business highlights for the month of August include:
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- On August 13, ISE President and CEO Gary Katz appeared before the U.S. Department of Labor to deliver testimony on behalf of the U.S. Securities Market Coalition. He discussed the agency’s proposed Conflict of Interest Rule and presented the Coalition’s recommendations to preserve the ability of self-directed investors to use options in their retirement accounts.?
- Trading of multi-legged strategy orders on ISE through Implied Order functionality surpassed 40 million contracts since launch and accounted for 4.9% of all non-crossing, multi-legged contract volume executed on ISE during the month of August.