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The OIC Announces April Volume Increases 43 Percent
Chicago—May 1, 2008
The Options Industry Council (OIC) announced today that 281,722,376 total options contracts changed hands in April, continuing the high-growth trend experienced over the last several years and representing a 43.09 percent increase over April 2007 volume. Average daily volume for the month was 12,805,562 contracts.
On April 14 the one billion contract mark was surpassed for the fifth consecutive year, taking only 71 days to reach this milestone compared to 99 days in 2007. The Options Clearing Corporation (OCC) reported April year-to-date volume stood at 1,165,305,530 contracts, an increase of 44.52 percent compared to the same period last year. Year-to-date daily volume is averaging 14,039,826 contracts, a 41.04 percent increase over the same period in 2007.
Equity options saw 260,371,744 contracts change hands, 46.28 percent higher than April 2007. Year-to-date equity options volume is 1,073,393,992 contracts, up 47.24 percent over the same point last year. Daily equity options volume averaged 11,835,079 contracts per day in April, an increase of 32.99 percent over the same month last year.
OIC is an industry cooperative funded by the American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NASDAQ Options Market, NYSE Arca, Philadelphia Stock Exchange and The Options Clearing Corporation. OIC's resources include: The Options Industry Services Help Desk at 1-888-OPTIONS, educational Web sites at www.optionseducation.org and www.OICoptions.com, evening seminars throughout the continental United States and Canada, instructional DVDs and educational literature and software.
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