ISE was founded on the principle that technology fosters and infuses new efficiencies and operational innovations in securities trading. After developing patented proprietary trading technology and an innovative pro-rata/customer priority market structure that integrated auction market principles into an advanced screen-based trading system, ISE launched the first fully electronic U.S. options exchange in May 2000. The functionality of ISE's trading technology is protected by various patents, including U.S. Patent No. 6,618,707 "Automated Exchange for Derivative Securities." Since its launch, ISE has remained committed to continually enhancing its trading systems to provide investors with the best marketplace to execute their options orders.
ISE’s technology team has successfully developed many applications and functionalities for the options exchange in-house, including the ISE market surveillance system, complex order trading functionality, PrecISE Trade® and ISE’s Order Routing System (IORS2). ISE is also pleased to announce its implementation of a new trading system, which is scheduled to go live in the fourth quarter of 2010 . The development of the new system utilizes the knowledge and expertise of the technology teams from ISE and its parent company, Deutsche Boerse. ISE will be the first market to migrate its options exchange to the new platform, with the rollout scheduled to begin in late 2010.
This section of the website provides information about important policy and trading changes that impact ISE’s options market, and also includes an overview of ISEspreads® and the innovative functionality available at ISE. In addition, you can find details on how to connect to ISE and how to contact us for technical support.
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