"The ISE has achieved true success as the first and only fully electronic options exchange in the U.S., and we are quite proud of the supporting role OM has played in their evolution," said Klas StÃ¥hl, President of OM Technology. "This extended contract represents a real vote of confidence in OM as a business partner, and we are delighted that the ISE has chosen to continue to rely on OM as they grow and expand upon their business."
"OM has been a key partner, enabling the ISE's pioneering approach to financial markets, and we are confident that our continued relationship with OM will serve us well going forward," said David Krell, ISE's President and Chief Executive Officer.
ISE has operated OM's CLICK exchange system, the world's most widespread marketplace system, since its inception in May 2000. In 2003, ISE emerged as the world's largest equity options exchange, trading more equity options than any other options exchange. In 2003, ISE traded 244,879,035 million options contracts, up 61 percent from the 152,271,279 million contracts in the previous year.