Australian Stock Exchange (ASX) might soon become the third
largest stock options exchange and ninth largest derivatives
exchange in the world, by volume, if a proposal to reduce its
options contract size is adopted. It is currently ranked as the
world's tenth largest stock options exchange.
ASX has issued a discussion paper on changing its options
contracts from 1000 underlying shares to 100 shares. Based on
2002 figures, such a change would result in ASX volumes jumping
just under ten times to 600,000 lots per day, ranking it behind
Euronext and CBOE but ahead of ISE and Amex in the stock
options exchange league tables.
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