ISE Introduces ISE GeminiTM, Its New Options Exchange - ISE Gemini Targets Launch In Q2 2013
International Securities Exchange Holdings, Inc. (ISE) today announced ISE GeminiTM as the brand name of its new options exchange. The SEC published ISE’s Form 1 application for a second exchange license on March 7, 2013, and ISE Gemini is targeted for launch in Q2 2013, pending SEC approval.
ISE Gemini represents a complementary options platform that will stand "side-by-side" with ISE’s existing options exchange and together will act as drivers for long-term growth and innovation at ISE. ISE Gemini will also use the exchange’s existing technology backbone and established member connectivity.
"We are proud to unveil the selection of ISE Gemini for our second options exchange, a name that evokes ISE’s continual pursuit of innovation and growth," said Gary Katz, President and Chief Executive Officer of ISE. "ISE Gemini will enable us to build upon our strong, well-established technology foundation to offer member firms a choice of market and pricing models."
Additional information about ISE Gemini’s fee schedule and products traded will be publicized at a later date.