Here’s a look at the November volume numbers and other news from the International Securities Exchange (ISE), CBOE Holdings Inc.(CBOE) and the Intercontinental Exchange (ICE).
ISE
- ISE was the second largest equity options exchange in November with market share of 18.2 percent (excluding dividend trades).
- Dividend trades comprised 4.8 percent of industry volume in November.
- ISE November average daily volume was 2.5 million contracts, an 11.1 percent fall as compared to November 2011.
- Total options volume for the month was 53.2 million contracts.
- ISE’s market share of 18.2 percent (with the exclusion of divided trades) places it as the second largest U.S. equity options exchange in November.?
ISE Business Highlights?
- On November 16, Marcus Thompson had been elected as a Board of Director for a two-year term. Thompson is a Managing Director within the CFO division of Deutsche B?rse AG; he will serve as a non-industry director.?
- On November 26, 2012, ISE announced that it became the first exchange to confirm the March 18, 2013 launch date to begin trading in Mini Options. ISE will initially list Mini Options on the following securities: AAPL, AMZN, GLD, GOOG, and SPY.
- In November, Implied Order functionality accounted for 6.8% of all non-crossing,?multi-legged contract volume executed on ISE.
CBOE
- November consolidated trading volume for options contracts on?Chicago?Board Options Exchange? (CBOE?) and?C2 Options ExchangeSM?(C2SM) and futures contracts on?CBOE Futures Exchange?SM?(CFE?) totaled 91.31 million contracts.?
- Combined November average daily volume (ADV) for the three exchanges was 4.35 million contracts, a two percent increase from 4.27 million contracts ADV in November 2011, and a six percent increase from nearly 4.09 million contracts ADV in?October 2012.
- Year-to-date through November, consolidated ADV for the three exchanges was 4.59 million contracts, down seven percent from 4.96 million contracts ADV for the same period a year ago.
CBOE Trading Volume
- November ADV was nearly 4.0 million contracts, about even with?November 2011?and up six percent from?October 2012?ADV of 3.8 million contracts.?
- Year-to-date through November, ADV was 4.3 million contracts, down eight percent from the same period in 2011. In November, index options ADV rose 15 percent and 18 percent against?November 2011?and?October 2012, respectively.
- The five most actively traded index and ETF options during November were S&P 500? Index (SPXSM) options, Standard & Poor’s Depositary Receipt (SPY) options, CBOE Volatility Index? (VIX? Index) options,?PowerShares QQQ Trust?(QQQ) options and iShares Trust Russell 2000?Index Fund?(IWM) options.
- November market share?was 25.0 percent, up 0.6 of a percentage point when compared against November 2011?and October 2012.? If the volume from dividend trades was excluded from industry data for?November 2012,?CBOE’s total market share would be 25.8 percent.
ICE
- ICE November futures volume: average daily volume (ADV) for futures and options was 3,198,341 contracts, down 5 percent from the prior November.
- Year-to-date through November 30, ADV was 3,415,552 contracts, up 10 percent compared to the first 11 months of 2011.
- Total volume in November was 67.2 million contracts. All prior period contract volumes have been?adjusted to include the converted futures contracts, which previously traded as swaps in ICE’s OTC markets.
ICE Business Highlights
- On December 10, ICE Futures Europe will reopen the emissions daily futures market and launch a new Phase III EUA daily futures contract.?
- ICE Futures U.S. announced a January 2013 launch of two cash-settled foreign exchange contracts: the Indian rupee and Brazilian real futures contracts. ICE is the first U.S. exchange to offer Indian Rupee futures.?
- ICE Clear Credit set a daily clearing record with $14.5 billion notional cleared on November 15. To date, $85 billion in buy-side notional value has been cleared.