ISE and ISE Gemini combined to represent 17.4% of equity options market share, excluding dividend trades. ISE and ISE Gemini reported a combined ADV of 2.6 million contracts. ISE Mercury launched on February 16 and completed its initial rollout in two weeks. Dividend trades made up 0.1% of industry volume in February 2016.The International Securities Exchange Holdings, Inc. (ISE Holdings) today reported a combined average daily volume (ADV) of 2.6 million contracts in February 2016 for ISE and ISE Gemini. This represents 17.4% of U.S. equity options market share.
ISE Mercury launched on February 16 and completed a successful rollout of symbols representing 93 percent of ADV for equity and ETF options. Data for ISE Mercury will be added to this report next month.
Recent business announcements include: On February 24, ISE Holdings announced that it was named the "Best Options Trading Venue" at the Wall Street Letter 2016 Institutional Trading Awards. ISE also earned an award for "Best Exchange - Client Service." Trading of multi-legged strategy orders on ISE through Implied Order functionality surpassed 46 million contracts since launch and accounted for 4.1% of all non-crossing, multi-legged contract volume executed on ISE during the month of February.