Nasdaq completes $1.1bn ISE acquisition
Nasdaq has wrapped up its purchase of International Securities Exchange, an operator of three electronic options exchanges, from Deutsche Bourse.
The stock exchange entered into an agreement to acquire ISE earlier this year for $1.1bn.
At the time it said the acquisition would improve efficiencies for clients, expand the company's technology offerings and create more opportunities to innovate within the equity options industry.
ISE operates three electronic options exchanges: ISE, ISE Gemini and ISE Mercury.
Together the exchanges serve as the venues for more than 15% of trading in US options.
Found this useful?
Take a complimentary trial of the FOW Marketing Intelligence Platform – the comprehensive source of news and analysis across the buy- and sell- side.
Gain access to:
- A single source of in-depth news, insight and analysis across Asset Management, Securities Finance, Custody, Fund Services and Derivatives
- Our interactive database, optimized to enable you to summarise data and build graphs outlining market activity
- Exclusive whitepapers, supplements and industry analysis curated and published by Futures & Options World
- Breaking news, daily and weekly alerts on the markets most relevant to you
