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ISE Mercury will service options market segments not covered by ISE and ISE Gemini.
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All three exchanges will run on ISE’s existing T7® technology platform.
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The launch for ISE Mercury is targeted for the first half of 2015.
International Securities Exchange Holdings, Inc. (ISE Holdings) announced that it has filed a Form 1 application for its third options exchange, ISE Mercury, with the Securities and Exchange Commission (SEC). ISE Mercury has a targeted launch in the first half of 2015.
“ISE Mercury will use our proven technology platform to service a segment of the options market not currently active on ISE or ISE Gemini,” said Boris Ilyevsky, Managing Director of ISE’s options exchanges. “Our goal is to reach broadly across market segments and to deliver innovative trading functionality, superior customer service, and competitive fees to different constituencies in the industry through our three exchanges. ISE Mercury will build upon the success of ISE and ISE Gemini and will expand our customer base and extend our value proposition.”
Details regarding ISE Mercury’s market structure, fee schedule and products traded will be publicized at a later date.
To view the new Exchange’s logo, please click here.