NEW YORK, November 2, 2010 – The International Securities Exchange (ISE) announced today that it has expanded the number of expiration months available for 20 of the most actively traded options classes on its exchange. ISE pioneered the pilot program, which allows all US options exchanges to list up to two additional, consecutive expiration months. Each options exchange can select up to 20 options classes for the pilot.
"In response to member demand, ISE has started an industry-wide pilot program to list additional near term expiration months for the most actively traded, liquid options classes," said Boris Ilyevsky, Managing Director of ISE’s options exchange. "We are very excited to provide investors with expanded trading opportunities in the most popular options products."
The pilot program, which began on November 1, enables ISE to list a total of six expiration months for its most actively traded options classes. ISE is now able to list four consecutive expiration months as well as two additional months for the options classes in the pilot. A list of the products selected for the program is available on ISE’s website.
For more information on the new pilot program, contact ISE Business Development at firstname.lastname@example.org.