According to the Options Clearing Corporation, more than 3.3 trillion equity option contracts were traded on 14 different exchanges. With that said, five exchanges accounted for nearly 70% of the volume. Serious option traders pay very close attention to how much they’re paying per contract, as well as which exchange( s) is able to satisfy their trading needs.

NYSE ARCA OPTIONS

A hybrid system, consisting of both an electronic and open-outcry trading floor. In addition, they’re part of a dual market structure that combines access to Arca and Amex options through a single platform.

According to the Options Clearing Corporation, nearly 363 billion equity option contracts traded. That was good for about 10.9% of the total equity options volume in 2016.

Bats Options

Bats operates Bat Options, which consists of two equity options markets, the BZX Options Exchange and EDGX Options Exchange. In September 2016, CBOE Holdings agreed to acquire Bats Global Markets.

According to the Options Clearing Corporation, nearly 380.5 billion equity option contracts traded. That was good for about 11.4 % of the total equity options volume in 2016.

ISE  OPTIONS

The International Securities EXchange (ISE), which is part of NASDAQ, operates three options exchanges, they include: ISE, ISE Gemini, and ISE Mercury, All three of these exchanges utilize the Deutsche Boerse Group’s T7 trading architecture.

According to the Options Clearing Corporation, a little more than  425 billion equity option contracts traded. That was good for about 12.8% of the total equity options volume in 2016.

Nasdaq PHLX

Similar to NYSE ARCA, they utilize a hybrid of both an electronic and open-outcry system. In addition, they have access to Nasdaq’s INET trading platform.

According to the Options Clearing Corporation, a little more than 530 billion equity option contracts traded. That accounted for approximately 15.9% of the total equity options volume in 2016.

Chicago Board Options Exchange

A subsidiary of CBOE Holdings, the CBOE is the largest U.S. options exchange and a pioneer of the the listed options market. It utilizes a hybrid system, consisting of both electronic and open-outcry. CBOE also owns CBOE C2 options exchange. Additionally, in the Fall of 2016, it announced that would be acquiring Bats Global Markets .

Not only is it the kings of equity options volume, it is also the volume leaders in index options too.


According to the Options Clearing Corporation, a little more than 556 billion equity option contracts traded. That accounted for approximately 16.7% of the total equity options volume in 2016.

Author: Jeff Bishop

One of the best traders anywhere, over the past 20 years Jeff’s made multi-millions trading stocks, ETFs, and options. He is renowned as an incredible trader with a deep insight and a sensitive pulse on the markets and the economy. Jeff Bishop is CEO and Co-Founder of RagingBull.com.

Even greater than his prowess as a trader is his skill and passion in teaching others how to trade and rake in profits while managing risk.

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