New derivative based on SPDRs
Began trading on all six U.S. option exchanges on January 10
Enormous interest in trading SPDR options
- In first 10 trading days, over 1.5 million contracts (155,500 contracts per day) traded
- Compares to 2.4 million option contracts (245,000 contracts per day) traded on the S&P 500 at the CBOE
We will continue to use indexes to drive new products and greater asset class coverage here and abroad