International Securities Exchange To List Options On Spider ETF

The International Securities Exchange (ISE) said today that it will trade options on the Standard & Poor's Depository Receipts® (SPY). ISE said it will begin trading on Tuesday, January 11, 2005. ISE will begin trading on Monday if another exchange commences trading at that time.

BIN 8 - Citadel Derivatives Group LLC . SPY will trade on a March expiration cycle with exercise and position limits of 75,000 contracts.

ISE plans to charge customer, market maker, and firm orders the standard equity options execution and comparison fees currently charged for market maker and firm orders.