The International Securities Exchange (NYSE: ISE) today announced the successful launch of trading in ISE FX Options. Four currency pairs began trading yesterday on ISE's options exchange: U.S. Dollar/Euro (Symbol: EUI), U.S. Dollar/British Pound (Symbol: BPX), U.S. Dollar/Japanese Yen (Symbol: YUK), and U.S. Dollar/Canadian Dollar (Symbol: CDD). All four options classes traded with an aggregate volume of 101 contracts.
ISE FX Options provide investors with a new product to gain exposure to movements in the global foreign currency markets and allow traders to express their views on the strength or weakness of the U.S. dollar. As exchange-listed securities, ISE FX Options can be easily accessed through most major brokerage accounts that are approved for trading equity and index options. These products will be cash-settled and have European style exercise.
To learn more about how to trade ISE FX Options, investors should contact their broker for a complimentary copy of an interactive video tutorial developed by ISE and Optionetics, Inc., a leading options education firm. Investors may also view the Introducing ISE FX Options webinar online at their convenience at www.iseoptions.com/education/presentations/webinars_archive.aspx.
For more information, please visit www.isefxoptions.com.
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(TM) launched in the second quarter of 2007.
ISE Stock Exchange, launched in September 2006 with strategic partners, includes an innovative MidPoint Match(TM) 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.
