ISE and SuperDerivatives Establish Marketing Alliance
November 08 2005 - 3:30PM
Business Wire
The International Securities Exchange (NYSE: ISE) and
SuperDerivatives(R), announced today that the companies have
established a marketing and sales alliance to jointly promote their
products and services. In the coming weeks, the two companies will
proactively reach out to investors about the benefits of this new
relationship. SuperDerivatives provides tools that allow accurate
pricing and monitoring of derivative portfolios, including
SD-EQ(TM), its equity options pricing system for options pricing,
risk management and independent revaluations. SD-EQ is designed to
be a bridge between the exchange-traded and over-the-counter (OTC)
markets, enabling investors to easily price options and manage
their options on US stocks denominated in their own currencies.
Accurate prices for all equity options, combined with risk
management tools and accurate end of day revaluations will promote
increased transparency in the exotic and OTC options market. "We
look forward to working with SuperDerivatives to offer investors
their enhanced options pricing model. While many investors
appreciate the advantages of using equity options to hedge
portfolios, in some cases the lack of transparency for pricing of
more exotic, OTC instruments may minimize their willingness to use
them. We believe that by further promoting innovative pricing
models in the market, we can continue to improve the level of
transparency and liquidity in equity options," states Bruce
Goldberg, chief marketing officer of ISE. "ISE, the first
all-electronic US equity options exchange, has had a huge impact in
making the market more transparent and accessible. Similarly,
SuperDerivatives has revolutionized pricing in the once opaque
foreign exchange market. Together, we intend to bring the same
benefits to the equity options market. By making accurate option
pricing tools available to everyone through our SD-EQ product, we
believe the market will further expand as all users will be able to
price any US equity option in real-time as accurately as the most
sophisticated traders in the top-tier investment houses" adds David
Gershon, chief executive officer of SuperDerivatives. Notes for
Editors ISE Background The International Securities Exchange, the
world's largest equity options exchange, was founded on the
principle that technology fosters and infuses new efficiencies and
operational innovations into securities trading. After developing
an innovative market structure that integrated auction market
principles into an advanced screen-based trading system, ISE
launched the first fully electronic US options exchange in May
2000. ISE continually enhances its trading systems to provide
investors with the best marketplace to execute their options
orders. For more information about ISE, its products and its
technology, visit www.iseoptions.com. ISE's Forward Looking
Statements This press release contains "forward looking
statements." These statements relate to future events or ISE's
future financial performance, and involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
levels of activity, performance or achievements, to be materially
different from those contemplated by the forward looking
statements. We undertake no ongoing obligation, other than that
imposed by law, to update these statements. Factors that could
affect our results, levels of activity, performance or achievements
and cause them to materially differ from those contained in the
forward looking statements can be found in our filings with the
Securities and Exchange Commission, including our registration
statement on Form S-1, current reports on Form 8-K and quarterly
reports on Form 10-Q, as amended. SuperDerivatives SuperDerivatives
is the benchmark for options pricing, risk management and
revaluation. Its products are used by numerous companies from both
the buy and sell side. Since unveiling its first pricing system in
2001, SuperDerivatives has revolutionized the world of option
pricing, trading and risk management. The company's products are
now accepted and regarded by the majority of professional traders
and analysts as the most powerful, accurate and modern derivatives
platforms available - they are widely recognized as the markets'
benchmarks. By introducing an unparalleled level of transparency,
SuperDerivatives has brought benefits to the whole of the
derivatives community, from buy side to sell side, and from large
institution to small. For further information about
SuperDerivatives and its products, please visit
www.superderivatives.com.
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