Options exchanges see volume shakeup

Top options exchanges are losing business to newer rivals, according to March volume data.

Although the Chicago Board Options Exchange remained the largest exchange by volume, its marketshare dropped to 30% in March, down from 30.7% in February and 31.5% a year ago. The International Securities Exchange dropped to the No. 4 spot, behind Nasdaq OMX and NYSE Euronext.

Trading at all exchanges was up slightly, according to the Options Industry Council, to 351 million contracts from 346 million in March 2009.

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