ISE Announces Joint Educational Effort with Optionetics for ISE FX Options(TM)
March 27 2007 - 9:15AM
Business Wire
The International Securities Exchange (NYSE: ISE) said today that
it has partnered with Optionetics, Inc., a recognized leader in
options education, in a joint effort to educate retail investors
about ISE FX Options�. Optionetics will incorporate information and
trading strategies for ISE FX Options into its two-day seminar
series Trading the Foreign Exchange Markets, which are executed by
its affiliate FX Trading Education Corp. (FXTE). During these
seminars, investors will learn how to enter into positions while
controlling risk and targeting profit and will gain a greater
understanding of the mechanics of foreign exchange trading. Bruce
Goldberg, ISE�s Chief Marketing Officer, said, �ISE has long been
committed to educating investors about the benefits of options
trading. As we prepare for the launch of ISE FX Options, we are
pleased to partner with Optionetics and FXTE to complement and
expand the reach of our educational efforts and increase awareness
of the multiple trading strategies available for investors in this
asset class.� �ISE FX Options are an important addition to the
range of FX products currently available to investors. They will
allow investors to trade their views on the strength of the dollar
through straightforward strategies, and we look forward to
providing this essential training to Optionetics and FXTE
students,� said Richard Cawood, CEO of Optionetics. ISE FX Options
are scheduled to launch in the early second quarter of 2007,
pending SEC approval. ISE will initially list four currency pairs:
USD/EUR (Symbol: EUI), USD/GBP (Symbol: BPX), USD/JPY (Symbol:
YUK), and USD/CAD (Symbol: CDD). Investors will be able to access
these securities through most major brokerage accounts that are
approved for trading equity and index options. Optionetics, FXTE
and ISE have also collaborated to produce an interactive CD-ROM,
featuring ISE instructors Alex Jacobson and Steve Meizinger, that
provides an overview of trading strategies for ISE FX Options. The
CD-ROM will be available in April, and investors can contact their
options broker for a complimentary copy. FXTE�s seminar schedule
for April includes Tampa, FL on April 9-10, 2007; Phoenix, AZ on
April 12-13, 2007; and San Jose, CA on April 26-27, 2007. For a
complete schedule, please visit www.fxte.com. For more information
on ISE FX Options, please visit www.isefxoptions.com. For more
information on Optionetics, please visit www.optionetics.com. 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 the
fourth quarter of 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. Optionetics Background Since the creation of its
2-day Optionetics Seminar in 1993, Redwood City, California-based
Optionetics has developed into the world�s leading investment
education resource dedicated to teaching individuals how to create
personal wealth by trading in financial markets with controlled
risk and ongoing success. Avoiding overly theoretical or
technically complicated material, Optionetics represents a
practical, balanced approach to trading profitably in today�s
markets. Investors can learn the skills of options trading through
Optionetics� seminars, books, home study courses, CDs, daily
articles, simulated trading experiences and software strategy
products. Optionetics is proud to stand behind all of its
educational programs by providing one of the most solid guarantees
offered in its industry. To learn more about Optionetics, please
visit www.optionetics.com. Forward Looking Statements 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, as amended.
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