ISE Begins Publishing Underlying Rates for ISE FX Options(TM).Now available through leading market data vendors NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The International Securities Exchange (NYSE NYSE See: New York Stock Exchange : ISE Ise (ē`sā), city (1990 pop. 104,164), Mie prefecture, S Honshu, Japan, on Ise Bay. It is one of the foremost religious centers of Shinto, the site of the shrines of Ise. ) today announced that it has begun disseminating the underlying rates for ISE FX Options(TM), its recently announced foreign currency options product. Early dissemination of the underlying data will allow market participants to better prepare for the upcoming launch of ISE FX Options, scheduled for 2007 pending regulatory approvals. Rates are now available for the four currency pairs that ISE will initially list: USD/EUR (Symbol: EUI EUI European University Institute EUI Escuela Universitaria de Informática (Spain) EUI Extended Unique Identifier (networking devices) EUI Energy Use Intensity (DoE, EIA) ), USD/GBP (Symbol: BPX BPX Business Process Expert BPX Business Process eXcellence (Delphi Group event) BPX Burning Plasma Experiment BPX British Petroleum Exploration BPX Broadband Packet Exchange BPX Bus Parcel Express (Canada) ), USD/JPY (Symbol: YUK yuk 1 Informal n. 1. An exuberant laugh. 2. One, such as a joke, that causes such a laugh. tr. & intr.v. ), and USD/CAD (Symbol: CDD CDD Contrat A Duree Determinee (French: Fixed Term Contract) CDD Community Development Department CDD Cooling Degree Days (weather derivatives / insurance index converting temperature into prices) ). Investors can access the underlying rates for ISE FX Options from several leading market data vendors and financial websites, including Bloomberg, ILX, Reuters, and Yahoo! Finance. [TABLE OMITTED] NOTE TO EDITORS: There is a caret preceding each of the symbols listed on the Yahoo! Finance line in the above chart. This symbol may not appear properly in some systems. With ISE FX Options, retail and institutional investors will have a new investment strategy that allows them to express their views on the strength or weakness of the U.S. Dollar relative to foreign currencies. All ISE FX Options have U.S. Dollar-based underlying values, which are scaled as needed as needed prn. See prn order. to create an underlying value similar to traditional equity or index options. For example, if the current USD/EUR rate is .7829, the underlying value for the USD/EUR ISE FX Option would be 78.29. This format will allow investors to easily adopt the trading strategies they currently use for equity and index options. All products will be cash-settled, which eliminates the need for investors to hold the actual foreign currency. ISE Background 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 mid·point n. 1. Mathematics The point of a line segment or curvilinear arc that divides it into two parts of the same length. 2. A position midway between two extremes. Match[TM] platform which offers investors continuous price improvement. It is expected that MidPoint Match will be 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 www.iseoptions.com and for more information about ISE Stock Exchange, visit www.isestock.com. Additionally, to learn more about ISE alternative markets technology, visit www.longitude.com. Forward Looking Statements Certain matters discussed in this press release are "forward looking statements" intended to qualify for the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. from liability established by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , current reports on Form 8-K and quarterly reports on Form 10-Q, as amended. |
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