Intntl Sec Exchange (NYSE:ISE)
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The International Securities Exchange, Inc. (NYSE:ISE)
said today that Andrew F. Brenner has been appointed Managing Director
of the ISE Stock Exchange, LLC. The ISE Stock Exchange marks ISE's
entry into the equities markets with the introduction of a MidPoint
Match platform, scheduled for the third quarter of 2006 and a fully
displayed market, planned for the fourth quarter of 2006.
The ISE Stock Exchange project was managed by Thomas Ascher, Chief
Strategy Officer, Corporate Initiatives. The Corporate Initiatives
division is responsible for the development and incubation of new
product initiatives. As ISE Stock Exchange is preparing to launch,
this business will now be operated as a separate unit under Mr.
Brenner.
Mr. Brenner, a twenty-five year industry veteran, joins ISE after
most recently serving as Senior Vice President and Manager, Portfolio
Trading and Analytics of Fidelity Investments. He previously had been
Managing Director of Sales at Access Securities. He also has held
senior positions in derivatives and program trading at Credit Suisse
First Boston and Morgan Stanley. He is a graduate of Northwestern
University.
ISE Background
The International Securities Exchange (ISE) is an innovative
securities market, founded on the principle that technology and
competition create better, more efficient markets for investors. ISE
is the largest equity options exchange and is among the leading
options exchanges in the world. ISE developed a unique market
structure for advanced screen-based trading systems and in May 2000
launched the first fully electronic US options exchange. The ISE Stock
Exchange LLC will launch in the third quarter of 2006 with strategic
partners, offering an innovative MidPoint Match platform, followed by
a fully integrated displayed Best Bid Offer (BBO) market in the fourth
quarter. ISE is also a majority owner of Longitude LLC, an innovative
platform for events markets trading, and offers enhanced market data
products for sophisticated investors.
ISE continually enhances its trading systems and develops new
products, including index options and market data, to provide
investors with the best marketplace and investment tools to trade
smarter. For more information about ISE, its options products and its
technology, visit www.iseoptions.com and for more information about
the ISE Stock Exchange LLC, visit www.isestock.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.