ISE To Launch Two New Sector Indexes for Alternative Energy and Nanotechnology
January 10 2006 - 11:00AM
Business Wire
The International Securities Exchange (NYSE:ISE) announced today
that it is launching two new specialized sector index options, the
ISE-CCM Alternative Energy Index (Ticker: POW) and the ISE-CCM
Nanotechnology Index (Ticker: TNY). These were developed with
Cronus Capital Markets (CCM), an independent and privately owned
capital market research and consulting firm. Timber Hill LLC will
serve as the Primary Market Maker in these products. The ISE-CCM
Alternative Energy Index was developed as a result of growing
interest in domestic commercially viable alternative energy sources
in response to high oil prices, declining global supply and a
strong global economy. The ISE-CCM Alternative Energy index
provides investors with exposure to companies involved in the areas
of Geothermal Heat, Hydrogen/Fuel Cells, Hydropower, Nuclear
Fusion, Solar and Wind energy. The ISE-CCM Nanotechnology Index was
conceived as a way to provide investors with exposure to the
nanotechnology industry, which involves the science and technology
of building electronic circuits and devices from single atoms and
molecules. Nanotechnology specifically covers matter size of 1 to
100 nanometers (a nanometer is a billionth of a meter).
Applications involve the intended ability to manipulate materials
to fundamentally improve processes, materials and devices on an
'atomic' scale with virtually unlimited research and development
opportunities. The fields of biotechnology, chemistry, physics,
information technology, engineering, and manufacturing are all
actively studying nanotechnology. The index includes some of the
largest, most liquid, and most mature companies within this sector.
"The new ISE-CCM Indexes offer investors an opportunity to gain
exposure to the up and coming investment sectors of nanotechnology
and alternative energy. We remain at the forefront in developing
and launching innovative indices to anticipate market demand," said
Bruce D. Goldberg, ISE's Chief Marketing Officer. "Our second
collaboration with Cronus Capital Markets continues our record of
innovation in the options market and adds to ISE's portfolio of
unique, proprietary sector index options, to provide investors with
additional trading strategies for managing their portfolios."
Michael Soni, President and CEO of Cronus Capital Markets, said,
"Cronus Capital Markets is pleased to join the International
Securities Exchange in launching these innovative new index
products in nanotechnology and alternative energy for investors.
CCM has focused its research on these important sectors for years
and recognizes the value of providing investors with innovative
tools to diversify their investments and manage their risk
exposure." ISE's uses rules-based methodologies for calculating and
maintaining its sector indexes and makes the rules freely available
to everyone, for easy use in testing the historic performance of
the indexes. Additional information about these indexes, including
methodology guides, component lists and weightings, performance
metrics and historical data is available on ISE's website,
www.iseoptions.com, on the Products Traded / Index Options page.
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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