ISE Initiates Trading In ISE 250 Index
July 19 2005 - 11:03AM
Business Wire
The International Securities Exchange (NYSE:ISE) said today that it
has initiated trading in options on the ISE 250 Index, its first
broad-based proprietary index. The ticker symbol for the ISE 250
Index is IXZ. The ISE 250 Index tracks the top 250 US stocks listed
on the New York Stock Exchange, American Stock Exchange and Nasdaq
Stock Market. The index's components have an adjusted
capitalization of about $9 trillion. Timber Hill LLC, a unit of
Interactive Brokers LLC, will serve as the index's Primary Market
Maker (PMM). The ISE 250 Index will trade on a March expiration
cycle in bin 7. Additional information about the index, including
exercise limits, methodology guides, component lists and
weightings, performance metrics and historical data is available on
ISE's website, www.iseoptions.com. "The ISE 250 represents the
first of our broad-based index products, and is another sign of
ISE's determination to bring competition and innovation to index
options trading. Investors now have an efficient and cost-effective
choice when they want to trade or hedge a significant portion of
the stock market. We are committed to bringing the benefits of the
ISE way of trading to all areas of the options market," said Bruce
D. Goldberg, ISE's Chief Marketing Officer. ISE Background The
International Securities Exchange, the world's largest equity
options exchange, was founded on the principle that technology
fosters and infuses new efficiencies and operational innovations
into securities trading. After developing an innovative market
structure that integrated auction market principles into an
advanced screen-based trading system, ISE launched the first fully
electronic US options exchange in May 2000. ISE continually
enhances its trading systems to provide investors with the best
marketplace to execute their options orders. For more information
about ISE, its products and its technology, visit
www.iseoptions.com. Forward Looking Statements This press release
contains "forward looking statements." These statements relate to
future events or our future financial performance, and involve
known and unknown risks, uncertainties and other factors that may
cause our actual results, levels of activity, performance or
achievements, to be materially different from those contemplated by
the forward looking statements. We undertake no ongoing obligation,
other than that imposed by law, to update these statements. Factors
that could affect our results, levels of activity, performance or
achievements and cause them to materially differ from those
contained in the forward looking statements can be found in our
filings with the Securities and Exchange Commission, including our
registration statement on Form S-1, current reports on Form 8-K and
quarterly reports on Form 10-Q, as amended.
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