ISE, ISE Gemini Named "Best Options Trading Venue" at Wall Street Letter 2014 Institutional Trading Awards
The International Securities Exchange Holdings, Inc. (ISE Holdings) announced on Wednesday that it received the Wall Street Letter 2014 Institutional Trading Award for "Best Options Trading Venue" for its two exchanges, ISE and ISE Gemini.
In addition to that honor, ISE Holdings also received a second award for "Most Innovative Fee Structure."
This comes as ISE Holdings' 2013 options business highlights were anchored by the launch and success of its second options exchange, ISE Gemini. According to ISE's press release, ISE Gemini was the fastest new exchange to reach two percent market share; it crossed the 20 million contract milestone within three months.
In addition, ISE saw additional success in its Implied Order Functionality, surpassing the 20 million contracts traded milestone in October 2013.
Boris Ilyevsky, Managing Director, said in a press release, "We are incredibly honored to have received two recognitions at the Wall Street Letter 2014 Institutional Trading Awards, including being named the industry's best options trading venue. I would like to credit the teams here who worked so diligently to assure a smooth launch of ISE Gemini, ensuring a strong rollout for the new exchange. ISE Gemini serves as a complement to ISE, and together lead the industry in innovative market structure. We are gratified for the award's recognition."
Winners were determined by a panel of independent judges who evaluated the company's level of innovation as it related to exchange technology. A complete list of nominees for the Wall Street Letter 2014 Institutional Trading Awards can be found here.
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