International Securities Exchange - Timeline

Timeline

2000
  • February 24, 2000: Registered as a national securities exchange with the Securities and Exchange Commission
  • May 26, 2000: Launched its Options Exchange - the first transaction was a purchase of 20 SBC Communications October 45 calls.
2001
  • May 29, 2001: Traded its 25 millionth contract.
  • November 1, 2001: Became the 3rd largest U.S. equity options exchange when average daily volume for October 2001 reached 380,299 contracts,
2002
  • May 22, 2002: Met its goal of listing equity options representing 90% of average daily trading volume in the US options industry.
  • October 29, 2002: Traded its 200 millionth contract.
2003
  • February 20, 2003: Traded its 250 millionth contract.
  • March 1, 2003: Became the largest US equity options exchange after average daily volume for February 2003 reached 710,218 contracts.
2004
  • January 2004: Was named Derivatives Exchange of the Year by Risk Magazine for the second time in three years.
2005
  • March 9, 2005: Became the first securities exchange to sell its shares in an initial public offering.
  • May 24, 2005: Traded its 1 billionth contract.
  • December 8, 2005: Completed its secondary public offering.
2006
  • January 20, 2006: Traded a record daily trading volume of 4,580,678 equity and index options contracts.
  • March 24, 2006: Launches its alternative markets trading platform.
  • May 16, 2006: Traded its 1.5 billionth contract.
  • September 1, 2006: Adopted a holding company structure.
  • September 8, 2006: Launched the ISE Stock Exchange, with its first product, MidPoint Match.
  • December 8, 2006: ISE Stock Exchange rolled out its fully displayed stock market, the first fully electronic exchange to provide integrated access to non-displayed and displayed liquidity pools.
2007
  • February 27, 2007: Set a new record daily trading volume of 5,531,875 equity and index options. contracts.
  • March 5, 2007: Announced partnership Toronto Stock Exchange to launch DEX, a new derivatives market in 2009. The agreement was later terminated when Toronto Stock Exchange agreed to buy Montreal Exchange Inc.
  • March 9, 2007: Traded its 2 billionth options contract.
  • April 17, 2007: Launched ISE FX Options.
  • April 30, 2007: German exchange operator Deutsche Börse announced it will buy International Securities Exchange (ISE.N) for $2.8 billion, creating a transatlantic derivatives marketplace.
  • December 20, 2007: Eurex completes acquisition of ISE. ISE will continue to be regulated by the SEC as a registered national securities exchange and will operate under the existing management team as an independent subsidiary of Eurex.
2008
  • September 18, 2008: Trades a new record daily trading volume of 7,903,304 options contracts.
  • October 28, 2008: Enters into an agreement with the New York Stock Exchange to license the right to list ISE FX Options products on the NYSE Arca Options platform.
  • December 23, 2008: Completes deal with Direct Edge. ISE Stock Exchange becomes a wholly owned subsidiary of the Direct Edge with ISE gaining a 31.54% ownership stake.

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