26 March 2017
Visit EBAday.com

ISE files for second exchange license

03 July 2012  |  1336 views  |  0 Source: International Securities Exchange

The International Securities Exchange (ISE) announced that it has filed a Form 1 application for a second exchange license with the Securities and Exchange Commission.

ISE plans to launch its second options exchange platform by the end of 2012, pending SEC approval.

"Having a second exchange license will enhance ISE's flexibility to meet the evolving needs of ourmembers in a highly competitive environment," said Gary Katz, President and Chief Executive Officer of ISE. "Our Optimise technology platform was designed to support multiple markets and will enable our member firms to leverage their existing connectivity for our new exchange as well as to benefit from Optimise's superior technology and functionality."

In addition to Optimise's extremely low latency profile, its industry-leading functionality for trading multilegged strategy orders will be incorporated into the new exchange.

Details about the products to be traded, market structure, and fee schedule of the new exchange will be announced at a later date. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comvisit abe-eba.eu

Top topics

Most viewed Most shared
French retailer Carrefour launches online bank accountFrench retailer Carrefour launches online...
57304 views comments | 15 tweets | 35 linkedin
European Commission opens public consultation on fintechEuropean Commission opens public consultat...
9476 views comments | 43 tweets | 26 linkedin
Can banks really win in the payments business of the future? – new Finextra reportCan banks really win in the payments busin...
8859 views comments | 23 tweets | 37 linkedin
MAS to roll out national KYC utility for SingaporeMAS to roll out national KYC utility for S...
7413 views comments | 19 tweets | 26 linkedin
SecureKey taps IBM to put identity on the blockchainSecureKey taps IBM to put identity on the...
7247 views comments | 22 tweets | 15 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job