International Securities Exchange
International Securities Exchange Holdings, Inc. (ISE) is a wholly owned subsidiary of German derivatives exchange Eurex. It is a member of the Options Clearing Corporation (OCC) and the Options Industry Council (OIC). Historically, responsibility for organizing the Options Industry Conference is rotated amongst the exchanges on an annual basis. ISE is organizing the 28th annual conference, which will be held in Phoenix, Arizona from April 29 to May 1.
Founded in 2000, the ISE began its inception in 1997 with then-chairman of E-Trade, William A. Porter and his colleague, Marty Averbuch. They approached David Krell and Gary Katz about their concept and the four founded what is today the International Securities Exchange, the world’s largest equity options exchange to date.
Launched as the first fully electronic US options exchange, ISE developed a unique market structure for advanced screen-based trading.
ISE offers equity and index options, including proprietary index products, as well as FX options based on foreign currency pairs. ISE also offers market data tools designed for sophisticated investors seeking information on investor sentiment, volatility, and other options data.
ISE Stock Exchange launched in September 2006. In August 2008, ISE Stock Exchange announced a partnership with the electronic communication network Direct Edge. The deal makes the ISE Stock Exchange a wholly owned subsidiary of Direct Edge and will give ISE an ownership stake in Direct Edge.
Famous quotes containing the word exchange:
“Ideal conversation must be an exchange of thought, and not, as many of those who worry most about their shortcomings believe, an eloquent exhibition of wit or oratory.”
—Emily Post (18731960)