The International Securities Exchange (ISE) announced that ISE GeminiTM surpassed two percent market share yesterday in equity options, the fastest exchange to reach that milestone since ISE introduced electronic trading to the options market in 2000. ISE Gemini also successfully concluded its product listing plan on an accelerated basis, less than a month after launching on August 5.
“Since ISE’s inception, one of our core values has been a dedication to growth through innovation and the record market share milestone is a testament to that,” said Boris Ilyevsky, Managing Director of ISE. “The pricing structure, market model and listings plan we developed were meant to ensure a methodical introduction to ISE Gemini, and the extremely smooth rollout has surpassed our expectations. We are gratified that ISE Gemini continues to be well received and look forward to continued growth of our new exchange.”
ISE Gemini completed an accelerated rollout of the product listing plan in five phases, well-ahead of the original mid-September target. The full list of products trading on ISE Gemini can be viewed here.
ISE Gemini is the only options exchange that offers maker-taker pricing combined with ISE’s patented pro-rata and customer priority market structure. ISE Gemini also plans to significantly expand the roll-out to more product listings and anticipates additional market makers to start quoting in the coming weeks.
To learn more about ISE Gemini, visit www.ise.com/Gemini.