The International Securities Exchange (ISE) announced that it reached a new milestone when over one million contracts traded in a single day on its new options trading system based on Deutsche Börse Group's OptimiseTM trading architecture. On July 7, 2011, 1.2 million options contracts traded on Optimise out of ISE's total daily volume of 3.4 million contracts.
"Reaching this important milestone is a reflection of the diligent efforts of the cross-Atlantic technology teams who are working on this project," said Gary Katz, President and Chief Executive Officer of ISE. "They have worked hard throughout our phased migration to make it as smooth as possible for our member firms, and we look forward to delivering the full benefits of the new system once the rollout is complete."
After an initial launch of ten options on April 11, 2011, ISE has carried out a phased migration from its predecessor platform to Optimise. Currently, 2,139 options products have been moved to the new system, with the rollout targeted for completion by the end of July 2011.
To learn more about Optimise, visit www.ise.com/optimise.