U.S. Futures Exchange to List Derivative Products Based on ISE Indexes

Exchanges Enter a Strategic Marketing Agreement 


CHICAGO, March 14  /PRNewswire-FirstCall/ -- U.S. Futures Exchange (USFE) announced today that it will launch several new cash-settled futures contracts based on the International Securities Exchange's (ISE) family of proprietary indexes. USFE and ISE have established a multi-year strategic marketing alliance to co-market the new products to their respective membership bases.

"ISE is a recognized innovator in the derivatives industry, and their indexes are unique in the financial marketplace," said Kevin Davis, chairman of USFE and CEO of Man Financial.  "Our partnership reflects USFE's commitment to offer unique and innovative products to our brokers and customers."

"USFE provides a new channel for traders to take positions on the targeted industry sectors represented by our unique indexes. We are pleased to partner with them to broaden the scope of our index offerings and further establish our indexes as sector benchmarks," said David Krell, president and CEO of ISE.

"Our partnership with ISE marks the continued new direction that the exchange has adopted since partnering with Man Group late last year.  We are very excited to work with ISE and to offer the marketplace additional ways to utilize their innovative indexes," said Satish Nandapurkar, CEO of USFE.

About U.S. Futures Exchange

Chicago-based U.S. Futures Exchange (USFE) offers specialized products to meet the unique market demands of retail, hedge fund and institutional customers in a fully-regulated, centrally-cleared futures and options exchange. USFE was formed in 2006 following Man Group's investment in the former Eurex US. For further information, visit http://www.usfe.com/ .

About International Securities Exchange

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 largest U.S. equity options exchange and is among the leading options exchanges in the world.  ISE offers index options, including a portfolio of proprietary index products, and enhanced market data products for sophisticated investors.  ISE FX Options(TM) are slated to launch in 2007.

ISE Stock Exchange, launched in September 2006 with strategic partners, includes an innovative MidPoint Match(TM) platform which offers investors continuous price improvement. MidPoint Match was integrated with a fully displayed Best Bid Offer market in the fourth quarter of 2006.

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 and its options exchange, visit http://www.iseoptions.com/ and for more information about ISE Stock Exchange, visit http://www.isestock.com/ .  Additionally, to learn more about ISE alternative markets technology, visit http://www.longitude.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. 

DATASOURCE: U.S. Futures Exchange; International Securities Exchange Holdings,



CONTACT:  USFE: Sarah Tegel, U.S. Futures Exchange, [phone], or

 , or Steve Carlson, Cushman-Amberg Communications,

[phone], or  ; or ISE: Media, Molly H.

McGregor, International Securities Exchange, [phone], or

 , or Investors, Thomas Gibbons, International

Securities Exchange, [phone], or  



Web site:  http://www.iseoptions.com/

http://www.isestock.com/

http://www.longitude.com/

http://www.usfe.com/ 

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