ISE Announces Record Daily Trading Volume
February 28 2007 - 9:00AM
Business Wire
The International Securities Exchange (NYSE:ISE) announced that it
set a new record daily trading volume of 5,531,875 equity and index
options contracts on Tuesday, February 27, 2007. ISE is pleased to
report that its highly reliable and scalable trading platform
effectively handled almost one million more contracts than the
previous record of 4,580,678 contracts, set on January 20, 2006.
Trading volume in the Nasdaq-100 Index Tracking Stock (QQQQ) also
reached a new high yesterday. 1,032,296 contracts traded on ISE,
exceeding ISE�s previous record of 515,926 contracts set on January
20, 2006. The Nasdaq-100 Index Tracking Stock is one of the
thirteen options classes that are part of an industry-wide pilot to
quote and trade in penny increments and currently trades in
one-cent increments at all prices. ISE Background International
Securities Exchange Holdings, Inc. (NYSE: ISE), through its
subsidiaries, operates a family of innovative securities markets.
ISE is founded on the principle that technology and competition
create better, more efficient markets for investors and consists of
an options exchange, a stock exchange and an alternative markets
platform. ISE continually enhances its trading systems and develops
new products to provide investors with the best marketplace and
investment tools to trade smarter. ISE developed a unique market
structure for advanced screen-based trading systems and in May 2000
launched the first fully-electronic US options exchange. Currently,
ISE operates the largest U.S. equity options exchange and is among
the leading options exchanges in the world. ISE offers index
options, including a portfolio of proprietary index products, and
enhanced market data products for sophisticated investors. ISE FX
Options� are slated to launch in 2007. ISE Stock Exchange, launched
in September 2006 with strategic partners, includes an innovative
MidPoint Match� platform which offers investors continuous price
improvement. MidPoint Match was integrated with a fully-displayed
Best Bid Offer market in December 2006. ISE�s alternative markets
business currently consists of an events market trading platform
known as Longitude. Longitude�s patented and proprietary technology
provides a unique parimutuel structure for derivatives auctions
which results in greater trading and pricing flexibility for market
participants. For more information about ISE and its options
exchange, visit www.iseoptions.com and for more information about
ISE Stock Exchange, visit www.isestock.com. Additionally, to learn
more about ISE alternative markets technology, visit
www.longitude.com. Certain matters discussed in this press release
are �forward looking statements� intended to qualify for the safe
harbor from liability established by the Private Securities
Litigation Reform Act of 1995. 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 annual report on
Form 10-K, current reports on Form 8-K and quarterly reports on
Form 10-Q.
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