ISE To Deliver Historical Market Data Offering; Latest Component of ISE's Market Information Initiative
January 24 2006 - 9:02AM
Business Wire
The International Securities Exchange (NYSE: ISE) announced today
the launch of a historical market data offering in response to
member and investor requests for information and market data to
help improve trading efficiency. Historical tick market data is the
most recent component of ISE's overall market information
initiative which includes previously announced depth-of-book and
sentiment market data offerings. The initial product offering will
include ISE tick data, trades and quotes, as well as comprehensive
Options Price Reporting Authority (OPRA) tick data, delivered on a
daily basis through a complete end-of-day file. Historical market
data, not previously available as a complete, raw end-of-day data
source, can be used for multiple functions, including back-testing
of trading models, post-trade analysis, compliance, and time and
sales queries. Initially, the ISE will make two historic data
offerings available. There will be an annual subscription to an
end-of-day file and the ability to make ad-hoc requests for
specific time periods. The end-of-day data will be available as a
flat file accessible from an FTP server over the Internet. The
ad-hoc requests will be processed and delivered on a portable
hard-drive device which can be reused by the client. In an effort
to make this data accessible and cost-effective, both offerings
will be delivered as compressed files to reduce delivery
bottlenecks. David Krell, CEO, noted "This historical market data
offering is in keeping with ISE's overall strategy to grow our
Information and Market Data business, a key strategic initiative in
2006. This product, along with our recently announced enhanced ISE
Sentiment Index (ISEE) data and options depth-of-market data
offerings, delivers actionable market information to our clients to
help them trade smarter." ISE is leveraging its existing data
platform to create this offering and anticipates future
enhancements. These subscription offerings are expected to be
available in early 2006, with pricing subject to SEC approval. 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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