The International Securities Exchange has launched ISEE Select, its customised sentiment data application. ISEE Select enables subscribers to identify investor sentiment for individual securities or select industry sectors based on methodology that uses proprietary ISE opening customer trade data.
“ISEE Select provides investors with key metrics that will complement their existing strategies for investment research and analysis,” says David Krell, the President and CEO of the ISEE. “As an exchange, ISE collects vast quantities of data, and the objective of our on going Information and Market Data Initiative is to create innovative products using this data so that investors can access critical resources to trade smarter.”
ISEE Select is an enhancement of the ISEE Sentiment Index, through which ISE has provided an aggregate view of market direction based on the trading activity of options investors since 2003.
“It is important for options and stock traders alike to know the sentiment values for the securities they trade,” adds Michael Schwartz, the Chief Options Strategist at Oppenheimer and Co. “Sentiment values derived from the options market can provide a valuable indicator of the future direction of the underlying stock.”