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ISE, Eurex Announce Joint Technology Initiative

At 11 Feb 2008 09:29:09 in ET-News in Brief, ET-Options Trading, Electronic Trading    Print Article  Email Article   Full content requires subscription 

The International Securities Exchange (ISE) and Eurex are to jointly develop a new Options Trading System for ISE. This step marks the first joint initiative following the merger of the two companies, which was completed on December 19 2007. The development of the new system will be a multi-year effort that will draw upon the expertise of both ISE and the entire Deutsche Börse Group’s technology teams. While the new system is under development, ISE’s options exchange will continue to operate on the OMX CLICK technology platform, and ISE will continue to work with OMX to support as well as enhance the current system. Eurex and ISE are currently finalizing plans for the joint development effort and expect the new platform to launch in early 2011.

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