ISE Announces Launch of Spread Book Data Feed

by International Securities Exchange 02 Sep 15:49

NEW YORK, September 2, 2008 – The International Securities Exchange (ISE) today announced the launch of the ISE Spread Book Feed, a real-time data feed that provides access to all multi-legged options orders on ISE’s options exchange. This subscription data feed includes order information for all complex options orders submitted to ISE, including spreads with up to four options series legs and stock/option combination orders such as buy-writes and delta-neutral orders.

“Complex orders account for a growing percentage of ISE’s options volume, and the Spread Book Feed will offer greater transparency into this important part of ISE’s order book,” said Jeff Soule, Head of Market Data at ISE. “By viewing the liquidity that is available in the spread book, subscribers to the feed will be able to improve their trading efficiency.”

The order information included in the Feed includes instrument data, spreads ratio, order quantity and net price. The Spread Book Feed is a multicast feed that will be available from a number of extranet providers.

For more information on how to access the feed, please visit www.ise.com/spreads.
ISE Background

The International Securities Exchange operates a family of fully electronic trading platforms, creating efficient markets through innovative technology and market structure. ISE’s markets portfolio consists of an options exchange and a stock exchange. As the world’s largest equity options trading venue, ISE offers options on equities, ETFs, indexes, and FX. The ISE Stock Exchange trades approximately 6,000 products, and is the only fully electronic equities platform that provides the opportunity for continuous price improvement through the interaction of its non-displayed liquidity pool, MidPoint Match, and its displayed stock market. ISE Alternative Markets is scheduled to launch in 2008 and will offer a parimutuel trading platform for derivatives auctions. To complement its markets and enable investors to trade smarter, ISE creates innovative new products including a portfolio of proprietary indexes and enhanced market data for sophisticated investors.

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 SWX Swiss Exchange. Together, Eurex and ISE are the global market leader in individual equity and equity index derivatives.

CONTACT:

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