International Securities Exchange
Tel: 1 212 943 2400
Fax: 1 212 425 4926
Chairman of the Board: Mr. David Krell
President and Chief Executive Officer: Mr. Gary Katz
Types of Securities Traded
Name of Trading Systems
(cash and derivatives)
Options on equities, ETFs, indexes, and FX
9:30 a.m. to 4:15 p.m. ET
United States Securities and Exchange Commission (SEC)
Name of Clearing & Settlement Organization
Options Clearing Corporation (OCC)
Exercises of equity options settle in the usual equity trading cycle (T+1).
Name of Central Securities Depository
Depository Trust & Clearing Corporation
Commissions on Transactions levied by Exchange
The Exchange’s transaction fees are set forth on its fee schedule.
Taxes on Dividends, Interests
2011 Share ownership thresholds (%)
Short selling (Yes / No)
No, although short selling of stock is allowed in the U.S., subject to certain conditions.
Short selling conditions (if any)
Generally, short sellers must “locate” the stock prior to engaging in a short sale of the stock.