U.S. Futures Exchange (USFE) has announced that it will launch several new cash-settled futures contracts based on the International Securities Exchange’s (ISE) family of proprietary indexes. USFE and ISE have established a multi-year strategic marketing alliance to co-market the new products to their respective membership bases.
“ISE is a recognized innovator in the derivatives industry, and their indexes are unique in the financial marketplace,” said Kevin Davis, chairman of USFE and CEO of Man Financial. “Our partnership reflects USFE’s commitment to offer unique and innovative products to our brokers and customers.”
“USFE provides a new channel for traders to take positions on the targeted industry sectors represented by our unique indexes. We are pleased to partner with them to broaden the scope of our index offerings and further establish our indexes as sector benchmarks ,” said David Krell, president and CEO of ISE.
“Our partnership with ISE marks the continued new direction that the exchange has adopted since partnering with Man Group late last year. We are very excited to work with ISE and to offer the marketplace additional ways to utilize their innovative indexes,” said Satish Nandapurkar, CEO of USFE.
