International Securities Exchange Holdings, Inc, International Securities Exchange Holdings, Inc., is a wholly owned subsidiary of German derivatives exchange Eurex.
Founded in 2000, the ISE began its inception in 1997 when then-chairman of E*Trade, William A. Porter and his colleague, Marty Averbuch. They approached David Krell and Gary Katz about their concept and the four founded what is today the International Securities Exchange, the world’s largest equity options exchange to date.
Launched as the first fully-electronic US options exchange, ISE developed a unique market structure for advanced screen-based trading and now is among the leading options exchanges in the world.
The exchange currently consists of an options exchange, a stock exchange, an alternative markets platform and market data. ISE offers index options, including a portfolio of proprietary index products, and enhanced market data products for sophisticated investors. ISE FX Options launched in April 2007.
ISE Stock Exchange launched in September 2006 with strategic partners. It includes a MidPoint Match platform which offers investors continuous price improvement. MidPoint Match was integrated with a fully-displayed Best Bid Offer (BBO) 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 parimutuel structure for derivatives auctions which results in greater trading and pricing flexibility for market participants.
