The International Securities Exchange (ISE) reached a new milestone yesterday as 1.2 million options contracts out of ISEs total daily volume of 3.4 million contracts traded on ISEs new options trading system based on Deutsche Brse Groups Optimise trading architecture.
Reaching this important milestone is a reflection of the diligent efforts of the cross-Atlantic technology teams who are working on this project, says Gary Katz, president and CEO of ISE. They have worked hard throughout our phased migration to make it as smooth as possible for our member firms, and we look forward to delivering the full benefits of the new system once the rollout is complete.
After an initial launch of ten options on April 11, ISE has carried out a phased migration from its predecessor platform to Optimise. Currently, 2,139 options products have been moved to the new system, with the rollout targeted for completion by the end of the month.
(CM)