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CBOE Holdings Reports September 2011 Trading Volume
CBOE Holdings' September Average Daily Volume of 5.0 Million Options Contracts Increased 31% from Year Ago
Third Quarter 2011 Volume of 346.8 Million Contracts Rose 46% From 2010
October 3, 2011--CBOE Holdings, Inc. (NASDAQ: CBOE) today reported that September trading volume for options on the Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2), the company's all-electronic market, combined, totaled 104.2 million contracts.
Average daily volume (ADV) was 5.0 million contracts, an increase of 31 percent from September 2010's ADV of 3.8 million contracts per day.
CBOE Holdings total options trading volume during the third quarter of 2011 was 346.8 million contracts, an increase of 46 percent from 237.4 million total options contracts during the third quarter of 2010. Third quarter average daily volume rose 46 percent to 5.4 million options contracts, up from 3.7 million options contracts per day during the third quarter of 2010.
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Source: CBOE
ISE Reports Business Activity for September 2011
Dividend trades made up 3.9% of industry volume in September 2011.
ISE is the second largest equity options exchange in September with market share of 19.7%, excluding dividend trades
October 3, 2011--The International Securities Exchange (ISE) today reported average daily volume of 3.3 million contracts in September 2011. This represents an increase of 26.3% compared to September 2010. Total options volume for the month was 68.8 million contracts. ISE was the second-largest U.S. equity options exchange in September with market share of 19.7%*. Business highlights for the month of September
include:
On September 9, 2011, ISE announced that Volant Liquidity LLC joined ISE as a Competitive Market Maker (CMM), becoming the first new market maker under ISE’s new CMM trading rights
program that launched on September 1.
On September 13, 2011, ISE announced that it had introduced several new risk management features to its PrecISE Trade® front-end execution system. With the upgrade, risk managers are now able to set and monitor compliance with risk parameters available in the system.
On September 13, 2011, ISE and BOX announced that they had entered into an agreement to resolve a patent infringement case filed by BOX against ISE in May 2011.
On September 22, 2011, ISE announced that its latest Optimise™ release included an enhancement to its Price Improvement Mechanism (PIM) to accept tied-to-stock orders. The technology release also included several performance upgrades.
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Source: International Securities Exchange (ISE)
Remarks before the Swap Execution Facility Conference, Chairman Gary Gensler
October 3, 2011--Good morning. I thank the Wholesale Markets Brokers’ Association for inviting me to speak today at your second Swap Execution Facility Conference. I also thank Shawn Bernardo for that kind introduction.
I’d like to start by taking a moment to talk about what we’ve been up to at the Commodity Futures Trading Commission (CFTC) since I spoke with you at your inaugural conference last year.
Since then, the CFTC has substantially completed the proposal phase of the rule-writing process required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. We held 19 public meetings to issue more than 50 proposed rules – on issues including transparency, clearing and regulating swap dealers.
The CFTC has benefited from significant public input throughout this process. We have received more than 25,000 comment letters. CFTC staff and Commissioners have met more than 1,000 times with members of the public to discuss the rules. We have conducted 14 public roundtables on Dodd-Frank.
This summer, the agency turned the corner and began finalizing rules to make the swaps marketplace more open and transparent for participants and safer for taxpayers. To date, we have finalized 15 rules, and we have a full schedule of public meetings this fall and into next year.
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Source: CFTC.gov
United States Commodity Funds files with the SEC-
October 3, 2011--United States Commodity Funds has filed a Form S-1 registration statement with the SEC for the United States Gasoil Fund.
view filing
Source: SEC.gov
Congress presses China on currency
October 2, 2011--The US Congress is renewing a push to penalise China over its currency, potentially forcing the White House to choose between angering its Democratic base and upsetting its delicately balanced relations with Beijing.
The Senate is expected to vote on anti-China trade legislation on Monday, with the bill likely to pass with overwhelming bipartisan support, before being sent to the House of Representatives.
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Source: FT.com
Lazard Capital Likes Dow-S&P Index Deal
September 30, 2011--Lazard Capital Markets analyst William Bird is giving the thumbs up to a possible combination of the Dow Jones Industrial Average and the S&P 500 into a new joint venture. The stock market doesn’t seem as high on the idea.
Deal Journal collagues Gina Chon and Preeta Das first brought you news about talks between CME Group and McGraw-Hill to combine their indexes businesses, which include the DJIA and the S&P 500. (News Corp., publisher of The Wall Street Journal, owns a minority stake in CME’s Dow Jones indexes.)
“Indications of a potential index JV with CME are supportive of our thesis that MHP has multiple ways to drive value with its own propeller,” Bird writes in a research note this morning. For McGraw-Hill, which has been pressured by activist investors to break apart, the possible index joint venture could add $2 a share or more to the company’s stock price, Bird believes. His stock price target is $52.
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Source: Wall Street Journal
Deal Would Unite S&P With DJIA
Owners of Standard & Poor's 500 and Average of Blue Chips Consider Alliance; Bigger and Stronger
September 30, 2011--McGraw-Hill Cos. is in advanced talks with CME Group Inc. to combine stock-market icons such as the Dow Jones Industrial Average and S&P 500 into a joint venture that would give the firms more sway over investors and exchanges around the world, according to people familiar with the situation.
Talks to form a joint venture between McGraw-Hill's S&P Indices business and CME's Dow Jones Indexes unit began more than a year ago and could still fall apart, these people cautioned. If a deal goes through, the combined indexes business venture would be managed by McGraw-Hill, and the New York company
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Source: Wall Street Journal
Opening Statement, Second Meeting of the Data Standardization Subcommittee Commissioner Scott O’Malia, TAC Chair
September 30, 2011--Good afternoon and welcome to the second meeting of the Data Standardization Subcommittee of the CFTC’s Technology Advisory Committee. I thank you for your continued commitment to serving on the Subcommittee.
I greatly appreciate the extra hours each of you has logged on these issues outside of our meetings here. Your knowledge and experience are invaluable to this effort to bridge the gaps between data, finance and the law, which effort has become increasingly important as the Commission rushes to define and implement the mandates under the Dodd Frank Act.
Today, each of the four Subcommittee working groups will present their interim findings on universal product and legal entity identifiers, standardization of machine-readable legal contracts, semantics, and data storage and retrieval.
read more Rydex files with the SEC- CurrencyShares® Singapore Dollar Trust Rydex files with the SEC-CurrencyShares® South African Rand Trust
Source: CFTC.gov
September 30, 2011--Rydex has filed an Amendment no.1 to Form S-1 with the SEC for the CurrencyShares® Singapore Dollar Trust.
view filing
Source: SEC.gov
September 30, 2011-Rydex has filed an Amendment no.1 to Form S-1 with the SEC for the CurrencyShares® South African Rand Trust.
view filing
Source: SEC.gov
