ISE To Explore Membership In The Consolidated Tape Association And OTC/UTP Plans
August 15 2005 - 9:00AM
Business Wire
The International Securities Exchange (NYSE:ISE) said today that it
will explore becoming a participant in the Consolidated Tape
Association plan and the OTC/UTP plan. The CTA plan covers
quotation and last sale information for stocks listed on the New
York Stock Exchange and American Stock Exchange. The OTC/UTP plan
covers quotation and last sale information for Nasdaq stocks. Other
US options exchanges that compete with ISE are participants in
these plans. "We have always said that we would explore
opportunities in other asset classes where we felt that we could
add value. CTA and OTC/UTP plan membership would give us operating
flexibility as we consider how to build upon our foundation as
operators of the world's largest equity options exchange," said
David Krell, ISE's President and Chief Executive 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.
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