On Thursday,??the International Securities Exchange Holdings, Inc. (ISE) introduced ISE GeminiTM?as the brand name for its new options exchange.
This comes after the Securities and Exchange Commission published ISE’s Form 1 application for a second exchange license back on March 7, 2013. Pending agency approval, ISE Gemini will launch in the second quarter.
According ISE’s press release, ISE Gemini is a complementary options platform that will stand “side-by-side” with ISE’s existing options exchange. It will utilize the existing technology and member connectivity. Combined, the exchanges will drive long-term growth and innovation at ISE. ?
Gary Katz, ISE’s President and Chief Executive Officer, said of ISE Gemini, “We are proud to unveil the selection of ISE Gemini for our second options exchange, a name that evokes ISE’s continual pursuit of innovation and growth. ISE Gemini will enable us to build upon our strong, well-established technology foundation to offer member firms a choice of market and pricing models.” ?