Open Interest in ISE FX Options Exceeds 100,000 Contracts
July 30 2007 - 3:30PM
Business Wire
The International Securities Exchange (NYSE: ISE) said today that
open interest in ISE FX OptionsSM has reached 103,910 contracts.
ISE introduced its FX options product on April 17, 2007 with
trading in four currency pairs: U.S. Dollar/Euro (Symbol: EUI),
U.S. Dollar/British Pound (Symbol: BPX), U.S. Dollar/Japanese Yen
(Symbol: YUK), and U.S. Dollar/Canadian Dollar (Symbol: CDD).
Average daily volume (ADV) in ISE FX Options was 2,958 contracts
for the past two months. ISE FX Options provide investors with a
new security product to gain exposure to movements in the global
foreign currency markets. As exchange-listed securities, ISE FX
Options can be easily accessed through all options-enabled
brokerage accounts. These products are cash-settled in U.S. Dollars
and have European style exercise. Timber Hill LLC is the Primary
Market Maker in these products. Competitive Market Makers include
Citigroup Derivatives Markets Inc., Lehman Brothers Inc., and
Optiver US, LLC. ISE is hosting a summer webinar series for
investors interested in learning more about ISE FX Options. To
sign-up for upcoming webinars and to view an online tutorial,
please visit www.ise.com/fx. 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 world�s largest equity options exchange. ISE
offers index options, including a portfolio of proprietary index
products, and enhanced market data products for sophisticated
investors. ISE FX OptionsSM launched in the second quarter of 2007.
ISE Stock Exchange, launched in September 2006, is a completely
electronic marketplace and the only dual structure platform that
integrates a dark pool, MidPoint MatchSM, with a fully displayed
stock market. Midpoint Match is a proprietary, non-displayed market
that trades equity securities at the midpoint between the National
Best Bid and Offer (NBBO). 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, visit www.ise.com.
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