ISE Launches ISEE Select(TM)
October 18 2006 - 8:00AM
Business Wire
The International Securities Exchange (NYSE: ISE) today announced
the launch of ISEE Select�, its customized sentiment data offering.
Through an intuitive browser application, ISEE Select enables
subscribers to identify investor sentiment for individual
securities or select industry sectors based on a unique calculation
methodology that uses proprietary ISE opening customer trade data.
�ISEE Select provides investors with key metrics that will
complement their existing strategies for investment research and
analysis,� said David Krell, ISE�s President and Chief Executive
Officer. Krell continued, �As an exchange, ISE collects vast
quantities of data, and the objective of our ongoing Information
and Market Data Initiative is to create innovative products using
this data so that investors can access critical resources to trade
smarter.� ISEE Select is an enhancement of the highly-regarded ISEE
Sentiment Index, through which ISE has provided an aggregate view
of market direction based on the trading activity of options
investors since 2003. Michael Schwartz, Chief Options Strategist at
Oppenheimer and Co., said, �It is important for options and stock
traders alike to know the sentiment values for the securities they
trade. Sentiment values derived from the options market can provide
a valuable indicator of the future direction of the underlying
stock.� Through an intuitive browser application, ISEE Select
enables retail and institutional subscribers to evaluate the market
outlook for individual securities or select industry sectors by
scanning the market for extreme sentiment values among ISE traded
listings. For example, if an investor wants to determine the
securities with the highest sentiment values in the homebuilding
sector, the ISEE Select scanning tool will survey the homebuilding
companies traded on ISE and return a list of the three securities
with the highest ISEE Select values. This information can assist
investors with portfolio evaluation and trading strategy. ISEE
Select also offers a query tool that allows users to look up the
sentiment value for specific securities. Unlike the traditional
put/call ratio, the ISEE Select sentiment calculation includes only
opening long ISE customer transactions. The result is that ISEE
Select�s sentiment index calculation may provide a more accurate
reflection of true investor sentiment since trading activity by
market makers and proprietary desks can often skew a sentiment
value. ISEE Select is available on a subscription basis through the
ISE website for a low monthly fee. In an effort to offer this
customized investment indicator and analysis tool to a broad
spectrum of the investment community, ISE has also created a
marketing alliance program. Inaugural ISEE Select marketing
alliance partners include Interactive Brokers LLC, optionsXpress,
Inc., and CyberTrader Inc., the direct access subsidiary of The
Charles Schwab Corp. Alliance partners will provide a special
promotional code to their clients so they will receive a discounted
subscription fee when signing up for ISEE Select. ISE will host a
webinar on October 23, 2006 at 4:30 pm and at 7:00 pm to provide
potential subscribers with an overview of the product. An archive
of the webinar will also be made available on the ISE website. To
sign-up for the webinar and a free trial of ISEE Select, or for
more information on the marketing alliance, please visit
www.iseoptions.com/isee. ISE Background The International
Securities Exchange, LLC (ISE) is a wholly-owned subsidiary of
International Securities Exchange Holdings, Inc. (ISE Holdings).
ISE operates 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 launched in September
2006 with strategic partners and offers an innovative MidPoint
Match platform, which will be followed by a fully integrated
displayed Best Bid Offer market in the fourth quarter. ISE Holdings
is also a majority owner of Longitude LLC, which operates an
innovative platform for events markets trading. Additionally, ISE
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, for more information
about the ISE Stock Exchange, visit www.isestock.com and for more
information about Longitude, visit www.longitude.com. The
International Securities Exchange (NYSE: ISE) today announced the
launch of ISEE Select(TM), its customized sentiment data offering.
Through an intuitive browser application, ISEE Select enables
subscribers to identify investor sentiment for individual
securities or select industry sectors based on a unique calculation
methodology that uses proprietary ISE opening customer trade data.
"ISEE Select provides investors with key metrics that will
complement their existing strategies for investment research and
analysis," said David Krell, ISE's President and Chief Executive
Officer. Krell continued, "As an exchange, ISE collects vast
quantities of data, and the objective of our ongoing Information
and Market Data Initiative is to create innovative products using
this data so that investors can access critical resources to trade
smarter." ISEE Select is an enhancement of the highly-regarded ISEE
Sentiment Index, through which ISE has provided an aggregate view
of market direction based on the trading activity of options
investors since 2003. Michael Schwartz, Chief Options Strategist at
Oppenheimer and Co., said, "It is important for options and stock
traders alike to know the sentiment values for the securities they
trade. Sentiment values derived from the options market can provide
a valuable indicator of the future direction of the underlying
stock." Through an intuitive browser application, ISEE Select
enables retail and institutional subscribers to evaluate the market
outlook for individual securities or select industry sectors by
scanning the market for extreme sentiment values among ISE traded
listings. For example, if an investor wants to determine the
securities with the highest sentiment values in the homebuilding
sector, the ISEE Select scanning tool will survey the homebuilding
companies traded on ISE and return a list of the three securities
with the highest ISEE Select values. This information can assist
investors with portfolio evaluation and trading strategy. ISEE
Select also offers a query tool that allows users to look up the
sentiment value for specific securities. Unlike the traditional
put/call ratio, the ISEE Select sentiment calculation includes only
opening long ISE customer transactions. The result is that ISEE
Select's sentiment index calculation may provide a more accurate
reflection of true investor sentiment since trading activity by
market makers and proprietary desks can often skew a sentiment
value. ISEE Select is available on a subscription basis through the
ISE website for a low monthly fee. In an effort to offer this
customized investment indicator and analysis tool to a broad
spectrum of the investment community, ISE has also created a
marketing alliance program. Inaugural ISEE Select marketing
alliance partners include Interactive Brokers LLC, optionsXpress,
Inc., and CyberTrader Inc., the direct access subsidiary of The
Charles Schwab Corp. Alliance partners will provide a special
promotional code to their clients so they will receive a discounted
subscription fee when signing up for ISEE Select. ISE will host a
webinar on October 23, 2006 at 4:30 pm and at 7:00 pm to provide
potential subscribers with an overview of the product. An archive
of the webinar will also be made available on the ISE website. To
sign-up for the webinar and a free trial of ISEE Select, or for
more information on the marketing alliance, please visit
www.iseoptions.com/isee. ISE Background The International
Securities Exchange, LLC (ISE) is a wholly-owned subsidiary of
International Securities Exchange Holdings, Inc. (ISE Holdings).
ISE operates 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 launched in September
2006 with strategic partners and offers an innovative MidPoint
Match platform, which will be followed by a fully integrated
displayed Best Bid Offer market in the fourth quarter. ISE Holdings
is also a majority owner of Longitude LLC, which operates an
innovative platform for events markets trading. Additionally, ISE
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, for more information
about the ISE Stock Exchange, visit www.isestock.com and for more
information about Longitude, visit www.longitude.com.
Intntl Sec Exchange (NYSE:ISE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Intntl Sec Exchange (NYSE:ISE)
Historical Stock Chart
From Jul 2023 to Jul 2024