ISE Trades Its 1.5 Billionth Contract
May 18 2006 - 7:50AM
Business Wire
The International Securities Exchange (NYSE: ISE) said today that
its 1.5 billionth contract was traded on May 16, 2006. This trade,
which was on the iShares Russell 2000 Index Fund (IWM), occurred
approximately one year after ISE traded its 1 billionth contract on
May 24, 2005. ISE first began trading approximately six years ago,
on May 26, 2000. "This trading record marks yet another milestone
in ISE's history of innovation and leadership," said David Krell,
President and Chief Executive Officer of ISE. "We believe the
remarkable growth in options trading volume highlights the
increasing use and importance of options as an effective trading
tool for both institutional and retail investors to increase their
returns, hedge their portfolios and manage investment risk through
the use of multiple asset classes." ISE Background The
International Securities Exchange (ISE) is an innovative securities
market, founded on the principle that technology and competition
create better, more efficient markets for investors. ISE is the
largest equity options exchange and is among the leading options
exchanges in the world. ISE developed a unique market structure for
advanced screen-based trading systems and in May 2000 launched the
first fully electronic US options exchange. The ISE Stock Exchange
LLC will launch in the third quarter of 2006 with strategic
partners, offering an innovative MidPoint Match platform, followed
by a fully integrated displayed Best Bid Offer (BBO) market in the
fourth quarter. ISE is also a majority owner of Longitude LLC, an
innovative platform for events markets trading, and offers enhanced
market data products for sophisticated investors. ISE continually
enhances its trading systems and develops new products, including
index options and market data, to provide investors with the best
marketplace and investment tools to trade smarter. For more
information about ISE, its options products and its technology,
visit www.iseoptions.com and for more information about the ISE
Stock Exchange LLC, visit www.isestock.com. Forward Looking
Statements This press release contains "forward looking
statements." These statements relate to future events or our 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.
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