The Options Industry Council European Market Survey Finds 15-20% Of U.S. Options Volume Originates From Europe, With Room To Grow
Chicago—September 20, 2006
The Options Industry Council (OIC) announced today that results of its European Market Survey show 15-20 percent of U.S. exchange-traded options volume originates from Europe.
The survey also found that trading volume should continue to grow, but to reach its full potential the industry needs to address the technological, regulatory and informational/educational barriers that exist, and achieve a better understanding of the different needs of the various client groups in Europe.
The OIC engaged Capco, one of the leading global providers of integrated consulting, processing services and products for the financial services industry, to conduct the survey in June. Capco interviewed 20 financial intermediaries in key European financial centers for the survey. Participants included broker-dealers, banks and asset managers of various sizes.
The survey concluded that most of the volume from Europe today originates from the larger global firms that have the resources to deal with a complex and sophisticated trading environment. The survey found that encouraging greater volume from smaller European participants will require better access to technology, harmonization of processes, and enhanced educational activities.
As a result of the survey, the OIC will form a European User Group in order to better gain the input of European market participants and ensure there is open communication on topics of interest in the marketplace.
OIC is a non-profit association funded by the American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NYSE Arca, Philadelphia Stock Exchange and The Options Clearing Corporation. OIC's resources include: The Options Industry Services Options Help Desk at 1-888-OPTIONS, an educational Web site at www.888options.com, evening seminars throughout the continental United States and Canada, and educational literature and software.
Otto E. Nägeli
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