ISE Reports Declining September Volume

On Monday, the International Securities Exchange (ISE) reported its September volume numbers.

Average daily volume was 2.7 million contracts in September, representing an 18.4% decline as compared to the previous year. Total options volume for the month was 50.8 million contracts.

In September, ISE was the second largest equity options exchange with an 18.2% market share excluding dividend trades*.

*ISE noted that dividend trades comprised 8.8% of industry volume in September.

The exchange's September business highlights included the following: 

• On September 7, ISE introduced $0.50 strike price intervals in weekly options, offering an expanded range of strike prices and a potentially lower cost of entry to investors utilizing weekly options to execute their trading and hedging strategies.
• On September 10, the exchange launched the first mutual fund based on an ISE index, the Virtus Wealth Masters Fund (Tickers: VWMAX, VWMCX, VWMIX). The fund tracks the Horizon Kinetics ISE Wealth Index, jointly developed by ISE and Horizon Kinetics LLC.
• On September 20, ISE announced its partnership with MEB Options and subsequently introduced Spread CrawlerTM,a new tool that provides powerful insight through Instant Messaging (IM) into the real-time actionable spread orders universe. This product aggregates streaming spread book data from all of the options exchanges and transmits individual, user-defined spread orders to subscribers via IM.

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Compiled by The Options Insider staff.