International Securities Exchange Holdings, Inc. (ISE) announced that the U.S. Securities and Exchange Commission (SEC) has published for comment a Form 1 application for ISE's second options exchange. The new options Exchange is anticipated to be launched in Q2 2013, pending SEC approval. The publication of the Form 1 application represents an important milestone in the process of launching ISE's second options exchange, which will leverage the existing technology backbone and established member connectivity of ISE's existing options exchange.
"We are grateful that the SEC has moved forward with the publication of the Form 1 application and we look forward to launching our second exchange soon," said Gary Katz, President and Chief Executive Officer of ISE. "The new Exchange will enable us to build upon our strong, well-established technology foundation and offer our members a choice in fee and market structure."
Additional information about the new Exchange's fee schedule and products traded will be publicized at a later date.
Please note "Topaz Exchange," as referred to in the Form 1 application, is the project's working name for ISE's second Exchange. The brand name will be announced prior to launch.