ISE Begins Publishing Monthly Quality of Execution Reports

by International Securities Exchange 24 Aug 14:03

NEW YORK, August 24, 2009 – The International Securities Exchange (ISE) today announced that it is now publishing monthly execution quality reports that follow the guidelines set forth by The Securities Industry and Financial Markets Association (SIFMA). Developed by SIFMA’s Equity Options Trading Committee in close cooperation with the U.S. options exchanges, the voluntary program provides a uniform structure for market quality and best execution metrics in the options industry.

“We are pleased to participate in this program and to increase transparency into the quality of our options market with these timely and reliable reports,” said Boris Ilyevsky, managing director of ISE’s options exchange.

The reports, which are generated internally according to the reporting guidelines published by SIFMA, disclose key execution metrics for the exchange by order size and underlying security. Statistics include the number of trades and contracts executed at the National Best Bid Offer (NBBO) and price improvement.

ISE publishes its quality of execution reports to its website on a monthly basis. To view the reports, please visit www.ise.com/executionquality.
About ISE

The International Securities Exchange (ISE) operates the world’s largest equity options exchange and offers options trading on over 2,000 underlying equity, ETF, index, and FX products. As the first all-electronic options exchange in the U.S., ISE transformed the options industry by creating efficient markets through innovative market structure and technology. Regulated by the Securities and Exchange Commission (SEC) and a member-owner of The Options Clearing Corporation (OCC), ISE provides investors with a transparent marketplace for price and liquidity discovery on centrally cleared options products. ISE continues to expand its marketplace through the ongoing development of enhanced trading functionality, new products, and market data services. As a complement to its options business, ISE has expanded its reach into multiple asset classes through strategic investments in financial marketplaces that foster technology innovation and market efficiency. Through minority investments, ISE participates in the securities lending and equities markets. ISE also licenses its proprietary Longitude technology for trading in event-driven derivatives markets.

ISE is a wholly owned subsidiary of Eurex, a leading global derivatives exchange. Eurex itself is jointly owned by Deutsche Börse AG (Ticker: DB1) and SIX Swiss Exchange AG. Together, Eurex and ISE are the global market leader in individual equity and equity index derivatives. For more information, visit www.ise.com.

CONTACT:

Media:
Molly H. McGregor
International Securities Exchange
212-897-0275
mmcgregor@ise.com