Intntl Sec Exchange (NYSE:ISE)
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The International Securities Exchange (NYSE:ISE) announced today the
launch of the ISE–REVERE Natural Gas Index™,
a new sector benchmark for this growing industry which was developed
with Revere Data LLC, a provider of independent research data and
investment analytics. Additionally, ISE has listed cash-settled options
based on this new index. Timber Hill LLC serves as the Primary Market
Maker, and trading began today under the symbol FUM.
The ISE–REVERE Natural Gas Index was developed
in response to growing interest in natural gas as an
environmentally-desirable alternative to oil. This fossil fuel is found
naturally in oil fields, gas fields, and coal beds and is both safer to
transport and cleaner burning than oil. For these reasons, natural gas
consumption has increased 83% in U.S. Dollar terms over the past three
years as residential, commercial and industrial consumers have turned to
natural gas for use in a new generation of appliances and applications.
The ISE-REVERE Natural Gas Index currently contains 30 companies that
derive a substantial portion of their revenues from the exploration and
production of natural gas, such as Apache Corporation (APA), Devon
Energy Corporation (DVN), EnCana Corporation (USA) (ECA), and Williams
Companies, Inc., (WMB).
"ISE is pleased to partner with Revere Data to offer investors the
ISE-REVERE Natural Gas Index to track the performance of this
fast-growing segment of the energy market. We have been at the forefront
of developing and launching innovative indexes to anticipate market
demand, and the ISE-REVERE Natural Gas Index is a significant addition
to our existing portfolio of proprietary index products. As interest in
alternatives to oil grows, options on the ISE-REVERE Natural Gas Index
will provide investors with an opportunity to gain exposure to or hedge
existing positions to protect against natural gas price movements," said
Bruce D. Goldberg, ISE's Chief Marketing Officer.
“We welcome the opportunity to work with the
International Securities Exchange to assist investors to evaluate and
reach market segments more easily and accurately through an index as
well as an option,” Kevin O’Brien,
Chief Executive Officer of Revere Data said. Using our unparalleled
research methodology, we were able to identify natural gas companies
that are truly representative of this sector in order to optimize the
performance of the index and its ability to closely track the price of
natural gas.”
ISE and Revere Data collaborated on a rigorous screening process, thus
enabling them to determine the most compelling portfolio of natural gas
stocks to include in the index. Eligibility is limited to those
companies that have a greater quantity of proven natural gas reserves
compared to crude oil. These candidates were further measured against
several stock performance metrics and by their correlation to natural
gas futures prices.
Additional information about these indexes, including methodology
guides, component lists and weightings, performance metrics and
historical data is freely available on ISE’s
website, www.iseoptions.com, on
the Products Traded / Index Options page.
ISE Background
The International Securities Exchange, LLC (ISE) is a wholly-owned
subsidiary of International Securities Exchange Holdings, Inc. (ISE
Holdings). ISE operates 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 launched in September 2006 with strategic partners and
offers an innovative MidPoint Match platform, which will be followed by
a fully integrated displayed Best Bid Offer market in the fourth
quarter. ISE Holdings is also a majority owner of Longitude LLC, which
operates an innovative platform for events markets trading.
Additionally, ISE 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,
for more information about the ISE Stock Exchange, visit www.isestock.com
and for more information about Longitude, visit www.longitude.com.
About Revere
Revere Data, LLC, provides finance and business professionals with
superior data and analytics for all companies traded publicly on U.S.
exchanges. The Revere approach is based on precise product and industry
classification as well as identification of key business relationships
such as customers, suppliers and competitors. Revere’s
data feeds, research, and real-time trading applications feature unique
content derived from its patented independent Revere Hierarchy™--
a classification system that provides unmatched detail in specifying a
company's business activities and relationships. For more information,
please visit www.reveredata.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.
The International Securities Exchange (NYSE:ISE) announced today
the launch of the ISE-REVERE Natural Gas Index(TM), a new sector
benchmark for this growing industry which was developed with Revere
Data LLC, a provider of independent research data and investment
analytics. Additionally, ISE has listed cash-settled options based on
this new index. Timber Hill LLC serves as the Primary Market Maker,
and trading began today under the symbol FUM.
The ISE-REVERE Natural Gas Index was developed in response to
growing interest in natural gas as an environmentally-desirable
alternative to oil. This fossil fuel is found naturally in oil fields,
gas fields, and coal beds and is both safer to transport and cleaner
burning than oil. For these reasons, natural gas consumption has
increased 83% in U.S. Dollar terms over the past three years as
residential, commercial and industrial consumers have turned to
natural gas for use in a new generation of appliances and
applications. The ISE-REVERE Natural Gas Index currently contains 30
companies that derive a substantial portion of their revenues from the
exploration and production of natural gas, such as Apache Corporation
(APA), Devon Energy Corporation (DVN), EnCana Corporation (USA) (ECA),
and Williams Companies, Inc., (WMB).
"ISE is pleased to partner with Revere Data to offer investors the
ISE-REVERE Natural Gas Index to track the performance of this
fast-growing segment of the energy market. We have been at the
forefront of developing and launching innovative indexes to anticipate
market demand, and the ISE-REVERE Natural Gas Index is a significant
addition to our existing portfolio of proprietary index products. As
interest in alternatives to oil grows, options on the ISE-REVERE
Natural Gas Index will provide investors with an opportunity to gain
exposure to or hedge existing positions to protect against natural gas
price movements," said Bruce D. Goldberg, ISE's Chief Marketing
Officer.
"We welcome the opportunity to work with the International
Securities Exchange to assist investors to evaluate and reach market
segments more easily and accurately through an index as well as an
option," Kevin O'Brien, Chief Executive Officer of Revere Data said.
Using our unparalleled research methodology, we were able to identify
natural gas companies that are truly representative of this sector in
order to optimize the performance of the index and its ability to
closely track the price of natural gas."
ISE and Revere Data collaborated on a rigorous screening process,
thus enabling them to determine the most compelling portfolio of
natural gas stocks to include in the index. Eligibility is limited to
those companies that have a greater quantity of proven natural gas
reserves compared to crude oil. These candidates were further measured
against several stock performance metrics and by their correlation to
natural gas futures prices.
Additional information about these indexes, including methodology
guides, component lists and weightings, performance metrics and
historical data is freely available on ISE's website,
www.iseoptions.com, on the Products Traded / Index Options page.
ISE Background
The International Securities Exchange, LLC (ISE) is a wholly-owned
subsidiary of International Securities Exchange Holdings, Inc. (ISE
Holdings). ISE operates 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 launched in September 2006 with
strategic partners and offers an innovative MidPoint Match platform,
which will be followed by a fully integrated displayed Best Bid Offer
market in the fourth quarter. ISE Holdings is also a majority owner of
Longitude LLC, which operates an innovative platform for events
markets trading. Additionally, ISE 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, for more information about the
ISE Stock Exchange, visit www.isestock.com and for more information
about Longitude, visit www.longitude.com.
About Revere
Revere Data, LLC, provides finance and business professionals with
superior data and analytics for all companies traded publicly on U.S.
exchanges. The Revere approach is based on precise product and
industry classification as well as identification of key business
relationships such as customers, suppliers and competitors. Revere's
data feeds, research, and real-time trading applications feature
unique content derived from its patented independent Revere
Hierarchy(TM)-- a classification system that provides unmatched detail
in specifying a company's business activities and relationships. For
more information, please visit www.reveredata.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.