Intntl Sec Exchange (NYSE:ISE)
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The International Securities Exchange (NYSE: ISE) and
SuperDerivatives(R), announced today that the companies have
established a marketing and sales alliance to jointly promote their
products and services. In the coming weeks, the two companies will
proactively reach out to investors about the benefits of this new
relationship.
SuperDerivatives provides tools that allow accurate pricing and
monitoring of derivative portfolios, including SD-EQ(TM), its equity
options pricing system for options pricing, risk management and
independent revaluations. SD-EQ is designed to be a bridge between the
exchange-traded and over-the-counter (OTC) markets, enabling investors
to easily price options and manage their options on US stocks
denominated in their own currencies. Accurate prices for all equity
options, combined with risk management tools and accurate end of day
revaluations will promote increased transparency in the exotic and OTC
options market.
"We look forward to working with SuperDerivatives to offer
investors their enhanced options pricing model. While many investors
appreciate the advantages of using equity options to hedge portfolios,
in some cases the lack of transparency for pricing of more exotic, OTC
instruments may minimize their willingness to use them. We believe
that by further promoting innovative pricing models in the market, we
can continue to improve the level of transparency and liquidity in
equity options," states Bruce Goldberg, chief marketing officer of
ISE.
"ISE, the first all-electronic US equity options exchange, has had
a huge impact in making the market more transparent and accessible.
Similarly, SuperDerivatives has revolutionized pricing in the once
opaque foreign exchange market. Together, we intend to bring the same
benefits to the equity options market. By making accurate option
pricing tools available to everyone through our SD-EQ product, we
believe the market will further expand as all users will be able to
price any US equity option in real-time as accurately as the most
sophisticated traders in the top-tier investment houses" adds David
Gershon, chief executive officer of SuperDerivatives.
Notes for Editors
ISE Background
The International Securities Exchange, the world's largest equity
options exchange, was founded on the principle that technology fosters
and infuses new efficiencies and operational innovations into
securities trading. After developing an innovative market structure
that integrated auction market principles into an advanced
screen-based trading system, ISE launched the first fully electronic
US options exchange in May 2000. ISE continually enhances its trading
systems to provide investors with the best marketplace to execute
their options orders.
For more information about ISE, its products and its technology,
visit www.iseoptions.com.
ISE's Forward Looking Statements
This press release contains "forward looking statements." These
statements relate to future events or ISE's 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
registration statement on Form S-1, current reports on Form 8-K and
quarterly reports on Form 10-Q, as amended.
SuperDerivatives
SuperDerivatives is the benchmark for options pricing, risk
management and revaluation. Its products are used by numerous
companies from both the buy and sell side. Since unveiling its first
pricing system in 2001, SuperDerivatives has revolutionized the world
of option pricing, trading and risk management. The company's products
are now accepted and regarded by the majority of professional traders
and analysts as the most powerful, accurate and modern derivatives
platforms available - they are widely recognized as the markets'
benchmarks.
By introducing an unparalleled level of transparency,
SuperDerivatives has brought benefits to the whole of the derivatives
community, from buy side to sell side, and from large institution to
small.
For further information about SuperDerivatives and its products,
please visit www.superderivatives.com.