International Securities Exchange to List Four New Options.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 3, 2002 The 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. announced today that it will begin trading four new options on Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant , October 4. With the addition of these four names, ISE will be trading 510 issues. The new listings are as follows: - The Interpublic Group of Companies, Inc. (IPG) will trade in Bin 1 (PMM: Knight Financial Products LLC). These options will trade on the January expiration cycle; position and exercise limits have been set at 75,000 contracts. - Lennar Corporation (LEN) will trade in Bin 5 (PMM: Bear, Stearns & Co. Inc.). These options will trade on the February expiration cycle; position and exercise limits have been set at 75,000 contracts. - Forest Laboratories, Inc. (FRX) will trade in Bin 5 (PMM: Bear, Stearns & Co. Inc.). These options will trade on the expiration cycle; position and exercise limits have been set at 150,000 contracts. - OSI Pharmaceuticals, Inc. (OSIP) will trade in Bin 7 (PMM: Timber Hill LLC). These options will trade on the January expiration cycle; position and exercise limits have been set at 75,000 contracts. ISE Background ISE, widely recognized as the pioneer and pacesetter in electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. of U.S. equity options, has grown to become the third largest of the five U.S. options exchanges within just eighteen months of its launch. This measurement is based on total volume transacted in all listed options Listed option An option that has been accepted for trading on an exchange. , equity as well as index products, traded on the five registered U.S. options exchanges. ISE is the only fully electronic options exchange in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , the first nationally registered securities exchange since 1973, and the world's first fully electronic options marketplace combining the efficiencies of electronic trading and auction market principles. Trading in this innovative market began on May 26, 2000. ISE has demutualized, converting from a 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 limited liability company, in which equity interests as well as trading rights were represented by single ownership interests, to a Delaware corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. , in which equity interests and trading rights are now represented by different securities. This new structure permits the infusion of additional capital, providing a broader base and enhanced capability for growth of its core business, as well as expansion into additional business lines. ISE currently lists 510 issues for trading. The aggregate volume of these issues across all five U.S. options exchanges represents greater than 90% of all equity options volume. The updated list of issues is available on ISE's web site (www.iseoptions.com) within the section entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: "Product Information." ISE headquarters is located at 60 Broad Street, New York, NY 10004 and can be reached at (212) 943-2400 or, for additional information, visit its web site at www.iseoptions.com. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion