The International Securities Exchange (ISE) operates an all-electronic US options exchange, offering options trading on underlying equity, ETF, index and FX products.
ISE originally launched in 2000 as the first all-electronic options exchange in the United States. The exchange was founded on the premise that technology could enhance securities trading through new efficiencies and operational innovations. The exchange's market structure was designed to eliminate overhead costs associated with a traditional open outcry trading floor, enhance transparency, reduce execution fees, and provide tighter markets with faster execution speed.
Deutsche Börse AG owned Eurex Group completed its acquisition of ISE in December 2007. Through its combination with Eurex Exchange, ISE is part of the largest transatlantic derivatives marketplace.
ISE is powered by OptimiseTM, the proprietary global trading architecture of Deutsche Börse Group, the common technology link among other Deutsche Börse Group exchanges.
ISE is regulated by the SEC and is a member-owner of the Options Clearing Corporation (OCC), providing investors with a transparent marketplace for price and liquidity discovery in centrally-cleared options products.