However, there could be about 10% upside to our price estimate for Nasdaq if the dailyvolume of options contract traded in U.S. exchanges increased to 27 million by 2017 because of the proposed bill.
The dailyvolume of options contract traded across all exchanges in the U.S. has increased from 13 million in 2008 to nearly 15 million currently and we estimate that it will reach 18 million by 2017 largely because of the shift towards electronic trading.