ISE Trades Its 2 Billionth Options Contract
March 12 2007 - 8:00AM
Business Wire
The International Securities Exchange (NYSE: ISE) said today that
its 2�billionth options contract was traded on Friday, March 9,
2007. This trade, which was in the Nasdaq-100� Trust Shares (QQQQ),
took place between Penson Financial Services, Inc. and Ronin
Capital, LLC. ISE traded its 1.5 billionth contract less than one
year ago on May 16, 2006 and its 1.0 billionth contract on May 25,
2005. ISE�s options exchange first began trading on May 26, 2000.
David Krell, President and Chief Executive Officer of ISE, noted,
�Our options exchange continues to grow at a very rapid pace, and
we are gratified to have reached another volume milestone. Looking
ahead, we expect continued growth of the industry as investors
benefit from the use of options as a risk management tool.� ISE
recently set a new record daily trading volume of 5,531,875 equity
and index options contracts on Tuesday, February 27, 2007. The
options industry also set an overall volume record on that day when
18,281,667 contracts changed hands, according to The Options
Clearing Corporation. ISE Background International Securities
Exchange Holdings, Inc. (NYSE: ISE), through its subsidiaries,
operates a family of innovative securities markets. ISE is founded
on the principle that technology and competition create better,
more efficient markets for investors and consists of an options
exchange, a stock exchange and an alternative markets platform. ISE
continually enhances its trading systems and develops new products
to provide investors with the best marketplace and investment tools
to trade smarter. ISE developed a unique market structure for
advanced screen-based trading systems and in May 2000 launched the
first fully electronic US options exchange. Currently, ISE operates
the largest U.S. equity options exchange and is among the leading
options exchanges in the world. ISE offers index options, including
a portfolio of proprietary index products, and enhanced market data
products for sophisticated investors. ISE FX Options� are slated to
launch in 2007. ISE Stock Exchange, launched in September 2006 with
strategic partners, includes an innovative MidPoint Match� platform
which offers investors continuous price improvement. MidPoint Match
was integrated with a fully displayed Best Bid Offer market in the
fourth quarter of 2006. ISE�s alternative markets business
currently consists of an events market trading platform known as
Longitude. Longitude�s patented and proprietary technology provides
a unique parimutuel structure for derivatives auctions which
results in greater trading and pricing flexibility for market
participants. For more information about ISE and its options
exchange, visit www.iseoptions.com and for more information about
ISE Stock Exchange, visit www.isestock.com. Additionally, to learn
more about ISE alternative markets technology, visit
www.longitude.com. Forward Looking Statements Certain matters
discussed in this press release are �forward looking statements�
intended to qualify for the safe harbor from liability established
by the Private Securities Litigation Reform Act of 1995. 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 annual report on Form 10-K,
current reports on Form 8-K and quarterly reports on Form 10-Q, as
amended.
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