ISE Launches its New Options Trading System

NEW YORK - The International Securities Exchange (ISE) today launched its new options trading system on Deutsche Börse Group’s Optimise™ trading architecture. The implementation of Optimise marks a critical milestone for the new system, which was developed by drawing on contributions from the expert technology teams at Deutsche Börse and ISE. With Optimise, ISE will significantly improve the latency profile of its trading system and offer enhanced functionality to member firms.

Daniel Friel, ISE’s Chief Information Officer, said, “The Optimise launch positions ISE at the forefront of global exchange technology. The system achieves the ideal blend of speed, capacity and rich functionality that are three critical differentiators in the highly competitive U.S. options industry. As we begin the phased migration to the new system, I am extremely proud of the cross-Atlantic teams that have worked tirelessly to get us to this point. I look forward to delivering all of the benefits of this new technology to ISE’s member firms.”

The Optimise launch began with ten symbols that trade in ISE’s Second Market. The migration of symbols in ISE’s primary market will begin in May, with the full roll out expected to conclude by the end of July.

Jürg Spillman, Optimise Program Manager, stated, “With the launch of Optimise at ISE, we have taken an extremely important first step in establishing a new foundation for the technology infrastructure at Deutsche Börse. The Optimise trading architecture is a best-in-class solution that affirms Deutsche Börse’s technology leadership in the derivatives space.”

For more information on Optimise and details of ISE’s implementation, member firms can visit https://members.ise.com.

About Optimise™

Optimise™, the core, proprietary global trading architecture of Deutsche Börse Group, represents a world-class, state-of-the-art trading system. The defining attributes of Optimise™ are speed, performance, efficiency, capacity, throughput, reliability and availability. The global trading infrastructure meets customer needs by minimizing latency and maximizing throughput while maintaining high standards of reliability and excellence. Its flexible design allows the creation of applications and functionalities unique to each market structure and client base as well as rapid technology upgrades. Therefore, it can serve as the common technology backbone for other Deutsche Börse Group exchanges.