CBOE, ISE Market Share Lower As Options Trade Rises In June
01 Luglio 2009 - 11:24PM
Dow Jones News
Options trading activity edged higher last month as more than
315 million contracts were traded in the industry's busiest June
ever, according to a Wednesday report from the Options Industry
Council.
The Chicago Board Options Exchange remained the biggest trading
venue, though its average daily volume of 4.2 million contracts
came in 14% lower than the year-ago period.
CBOE reported heavy trade in Apple Inc. (AAPL) options for the
month, as the technology brand saw brisk sales of its new iPhone
model and the return of chief executive Steve Jobs following a
liver transplant; contracts on Citigroup Inc. (C) and General
Electric (GE) were also popular.
The all-electronic International Securities Exchange, a unit of
Deutsche Boerse's (DB1.XE) derivatives arm Eurex, was the
second-largest options venue by volume with an average 3.9 million
contracts changing hands in June, slightly higher than the year-ago
period.
Both the CBOE and the ISE saw their market share slip from May
levels, as CBOE claimed 29.3% against the ISE's 27.2%.
Smaller options markets operated by Nasdaq OMX Group (NDAQ) and
NYSE Euronext (NYX) were seen gaining share, according to an Equity
Research Desk analysis.
NYSE Euronext last week said it would reduce some options
trading fees and eliminate others, hoping to increase volume.
The ISE maintained its lead in equity options with nearly 29% of
the market, whereas CBOE continued to dominate index options
activity, handling nine of 10 such trades.
Average daily trade across all trading venues topped 14 million
contracts in June, according to the OIC, which tracks trading
activity across the seven major U.S. options exchanges.
-By Jacob Bunge, Dow Jones Newswires; (312) 750 4117;
jacob.bunge@dowjones.com