On Tuesday, the International Securities Exchange (ISE) announced its March average daily volume was 2.4 million contracts. This represents an 11.7% decline as compared to March?2012.?Total options volume for the month was 47.3 million contracts.
According to ISE’s press release, it was the second largest U.S. equity options exchange in March with its 17.5*% market share. *This?excludes dividend trades and in March, they comprised?4.7% of industry volume.
Here’s ISE’s March business highlights:
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March 1: Appointed Rob Cornish as its Chief Technology Officer
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March 5: Announced that the U.S. Securities and Exchange Commission (SEC) published for comment a Form 1 application for ISE’s second options exchange
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March 14: Issued a statement on the patent infringement case against the Chicago Board Options Exchange (CBOE)
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March 18: Signed a licensing agreement with KSM, the largest Israeli ETF Issuer. The KSM ETF will track the ISE Water Index ?