Effective Tuesday, July 12, 2005, ISE listed options on the following securities:
- ISE SINdex Index (SIN) will trade on a March expiration cycle with exercise and position limits of 31,500. The ISE SINdex includes owners and operators of casinos and gaming facilities, producers of beer and malt liquors, distillers, vintners and producers of other alcoholic beverages, and manufacturers of cigarettes and other tobacco products.
- ISE U.S. Regional Banks Index (JLO) will trade on a March expiration cycle with exercise and position limits of 31,500. The ISE U.S. Regional Banks Index includes companies active in small and medium corporate lending and retail banking. Regional banks operate in limited regions within the U.S. Companies primarily engaged in investment banking, brokerage, and asset management are not included in the index. Thrifts and mortgage banks are also not included.
Effective Wednesday, July 13, 2005, ISE listed options on the following index:
- ISE Bio-Pharmaceuticals Index (RND) will trade on a March expiration cycle with exercise and position limits of 31,500. The ISE Bio-Pharmaceuticals Index includes companies primarily engaged in researching, developing, manufacturing, producing, or marketing pharmaceuticals or other products based on biotechnology research.
"ISE is dedicated to modernizing the index options market and changing the dynamics of index trading to improve the experience customers have when trading index products. Our sector index options, which are the first wave of products that we will introduce into the market, represent our commitment to providing investors with the very best products, and in many cases truly new and innovative products, to help them better navigate the market. ISE is committed to delivering to index options trading the same benefits as we have for equity options trading: tight spreads, deep liquidity, lower fees and the execution efficiencies inherent in a fully-automated marketplace," said Bruce D. Goldberg, ISE's Chief Marketing Officer.
ISE's index methodologies for the sector indexes are rules-based, making the rules for calculating and maintaining the indexes freely available to everyone, and thus easily used to test the historic performance of the indexes.
Additional information about these indexes, including methodology guides, component lists and weightings, performance metrics and historical data is available on ISE's website, www.iseoptions.com.
