ISE Announces Strong Growth in Quarterly Options Volume in First Quarter of Trading
October 03 2006 - 9:15AM
Business Wire
The International Securities Exchange (NYSE: ISE) said today that
demand for Quarterly options grew significantly throughout the
first quarter in which they were traded. ISE was the first exchange
to announce trading of Quarterly options, and since the inception
of trading on July 10, 2006, over 2 million contracts have traded
across all exchanges. ISE�s average daily volume in Quarterly
options grew from 4,411 contracts in July to 25,701 contracts for
the month of September. ISE has garnered approximately 30% of the
volume in Quarterly options over the three-month period and is the
volume leader in two of the five Quarterly options issues,
Diamonds� Trust Series 1 (DIA) and Select Sector SPDR� - Energy
(XLE). In July, ISE established a one-year pilot program for the
trading of Quarterly options on five Exchange Traded Funds (ETFs).
In addition to DIA and XLE, Quarterly options are also available on
the Standard & Poor�s Depositary Receipts� (SPY), Nasdaq-100�
Shares (QQQQ), and iShares Russell 2000� Index Fund (IWM).
Quarterly options trade during ISE�s regular trading hours and
expire at the close of business on the last business day of the
calendar quarter. The first expiration for Quarterly options
occurred on September 29, 2006. ISE Background The International
Securities Exchange, LLC (ISE) is a wholly-owned subsidiary of
International Securities Exchange Holdings, Inc. (ISE Holdings).
ISE operates an innovative securities market, founded on the
principle that technology and competition create better, more
efficient markets for investors. ISE is the largest equity options
exchange and is among the leading options exchanges in the world.
ISE developed a unique market structure for advanced screen-based
trading systems and in May 2000 launched the first fully electronic
US options exchange. The ISE Stock Exchange launched in September
2006 with strategic partners and offers an innovative MidPoint
Match platform, which will be followed by a fully integrated
displayed Best Bid Offer market in the fourth quarter. ISE Holdings
is also a majority owner of Longitude LLC, which operates an
innovative platform for events markets trading. Additionally, ISE
offers enhanced market data products for sophisticated investors.
ISE continually enhances its trading systems and develops new
products, including index options and market data, to provide
investors with the best marketplace and investment tools to trade
smarter. For more information about ISE, its options products and
its technology, visit www.iseoptions.com, for more information
about the ISE Stock Exchange, visit www.isestock.com and for more
information about Longitude, visit www.longitude.com. Standard
& Poor�s Depositary Receipts� (SPY), Nasdaq-100� (QQQQ),
iShares Russell 2000� (IWM), and Select Sector SPDR� - Energy (XLE)
are the property of their respective owners. DIAMONDS� is a
registered trademark of Dow Jones & Company, Inc. ("Dow Jones")
for securities issued by the Diamonds� Trust, Series 1 and has been
licensed for use for certain purposes by Dow Jones to PDR Services
Corporation ("PDR") and the American Stock Exchange LLC ("AMEX")
pursuant to a license agreement with Dow Jones. DIAMONDS� and
options which have DIAMONDS� as their sole underlying interest
("DIAMONDS Options") are not sponsored, endorsed, sold or promoted
by Dow Jones. Dow Jones, PDR, and AMEX have not licensed or
authorized ISE to (i) engage in the creation, listing, provision of
a market for trading, marketing, and promotion of DIAMONDS Options
or (ii) to use and refer to the DIAMONDS� trademark in connection
with the listing, provision of a market for trading, marketing, and
promotion of DIAMONDS Options or with making disclosures concerning
DIAMONDS Options under any applicable federal or state laws, rules
or regulations, and do not sponsor, endorse, or promote such
activity by ISE. ISE is not affiliated in any manner with Dow
Jones, PDR or AMEX. The International Securities Exchange (NYSE:
ISE) said today that demand for Quarterly options grew
significantly throughout the first quarter in which they were
traded. ISE was the first exchange to announce trading of Quarterly
options, and since the inception of trading on July 10, 2006, over
2 million contracts have traded across all exchanges. ISE's average
daily volume in Quarterly options grew from 4,411 contracts in July
to 25,701 contracts for the month of September. ISE has garnered
approximately 30% of the volume in Quarterly options over the
three-month period and is the volume leader in two of the five
Quarterly options issues, Diamonds(R) Trust Series 1 (DIA) and
Select Sector SPDR(R) - Energy (XLE). In July, ISE established a
one-year pilot program for the trading of Quarterly options on five
Exchange Traded Funds (ETFs). In addition to DIA and XLE, Quarterly
options are also available on the Standard & Poor's Depositary
Receipts(R) (SPY), Nasdaq-100(R) Shares (QQQQ), and iShares Russell
2000(R) Index Fund (IWM). Quarterly options trade during ISE's
regular trading hours and expire at the close of business on the
last business day of the calendar quarter. The first expiration for
Quarterly options occurred on September 29, 2006. ISE Background
The International Securities Exchange, LLC (ISE) is a wholly-owned
subsidiary of International Securities Exchange Holdings, Inc. (ISE
Holdings). ISE operates an innovative securities market, founded on
the principle that technology and competition create better, more
efficient markets for investors. ISE is the largest equity options
exchange and is among the leading options exchanges in the world.
ISE developed a unique market structure for advanced screen-based
trading systems and in May 2000 launched the first fully electronic
US options exchange. The ISE Stock Exchange launched in September
2006 with strategic partners and offers an innovative MidPoint
Match platform, which will be followed by a fully integrated
displayed Best Bid Offer market in the fourth quarter. ISE Holdings
is also a majority owner of Longitude LLC, which operates an
innovative platform for events markets trading. Additionally, ISE
offers enhanced market data products for sophisticated investors.
ISE continually enhances its trading systems and develops new
products, including index options and market data, to provide
investors with the best marketplace and investment tools to trade
smarter. For more information about ISE, its options products and
its technology, visit www.iseoptions.com, for more information
about the ISE Stock Exchange, visit www.isestock.com and for more
information about Longitude, visit www.longitude.com. Standard
& Poor's Depositary Receipts(R) (SPY), Nasdaq-100(R) (QQQQ),
iShares Russell 2000(R) (IWM), and Select Sector SPDR(R) - Energy
(XLE) are the property of their respective owners. DIAMONDS(R) is a
registered trademark of Dow Jones & Company, Inc. ("Dow Jones")
for securities issued by the Diamonds(R) Trust, Series 1 and has
been licensed for use for certain purposes by Dow Jones to PDR
Services Corporation ("PDR") and the American Stock Exchange LLC
("AMEX") pursuant to a license agreement with Dow Jones.
DIAMONDS(R) and options which have DIAMONDS(R) as their sole
underlying interest ("DIAMONDS Options") are not sponsored,
endorsed, sold or promoted by Dow Jones. Dow Jones, PDR, and AMEX
have not licensed or authorized ISE to (i) engage in the creation,
listing, provision of a market for trading, marketing, and
promotion of DIAMONDS Options or (ii) to use and refer to the
DIAMONDS(R) trademark in connection with the listing, provision of
a market for trading, marketing, and promotion of DIAMONDS Options
or with making disclosures concerning DIAMONDS Options under any
applicable federal or state laws, rules or regulations, and do not
sponsor, endorse, or promote such activity by ISE. ISE is not
affiliated in any manner with Dow Jones, PDR or AMEX.
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