ISE Launches New Natural Gas Index
11 October 2006 - 5:30AM
Business Wire
The International Securities Exchange (NYSE:ISE) announced today
the launch of the ISE�REVERE Natural Gas Index�, a new sector
benchmark for this growing industry which was developed with Revere
Data LLC, a provider of independent research data and investment
analytics. Additionally, ISE has listed cash-settled options based
on this new index. Timber Hill LLC serves as the Primary Market
Maker, and trading began today under the symbol FUM. The ISE�REVERE
Natural Gas Index was developed in response to growing interest in
natural gas as an environmentally-desirable alternative to oil.
This fossil fuel is found naturally in oil fields, gas fields, and
coal beds and is both safer to transport and cleaner burning than
oil. For these reasons, natural gas consumption has increased 83%
in U.S. Dollar terms over the past three years as residential,
commercial and industrial consumers have turned to natural gas for
use in a new generation of appliances and applications. The
ISE-REVERE Natural Gas Index currently contains 30 companies that
derive a substantial portion of their revenues from the exploration
and production of natural gas, such as Apache Corporation (APA),
Devon Energy Corporation (DVN), EnCana Corporation (USA) (ECA), and
Williams Companies, Inc., (WMB). "ISE is pleased to partner with
Revere Data to offer investors the ISE-REVERE Natural Gas Index to
track the performance of this fast-growing segment of the energy
market. We have been at the forefront of developing and launching
innovative indexes to anticipate market demand, and the ISE-REVERE
Natural Gas Index is a significant addition to our existing
portfolio of proprietary index products. As interest in
alternatives to oil grows, options on the ISE-REVERE Natural Gas
Index will provide investors with an opportunity to gain exposure
to or hedge existing positions to protect against natural gas price
movements," said Bruce D. Goldberg, ISE's Chief Marketing Officer.
�We welcome the opportunity to work with the International
Securities Exchange to assist investors to evaluate and reach
market segments more easily and accurately through an index as well
as an option,� Kevin O�Brien, Chief Executive Officer of Revere
Data said. Using our unparalleled research methodology, we were
able to identify natural gas companies that are truly
representative of this sector in order to optimize the performance
of the index and its ability to closely track the price of natural
gas.� ISE and Revere Data collaborated on a rigorous screening
process, thus enabling them to determine the most compelling
portfolio of natural gas stocks to include in the index.
Eligibility is limited to those companies that have a greater
quantity of proven natural gas reserves compared to crude oil.
These candidates were further measured against several stock
performance metrics and by their correlation to natural gas futures
prices. Additional information about these indexes, including
methodology guides, component lists and weightings, performance
metrics and historical data is freely available on ISE�s website,
www.iseoptions.com, on the Products Traded / Index Options page.
ISE Background The International Securities Exchange, LLC (ISE) is
a wholly-owned subsidiary of International Securities Exchange
Holdings, Inc. (ISE Holdings). ISE operates an innovative
securities market, founded on the principle that technology and
competition create better, more efficient markets for investors.
ISE is the largest equity options exchange and is among the leading
options exchanges in the world. ISE developed a unique market
structure for advanced screen-based trading systems and in May 2000
launched the first fully electronic US options exchange. The ISE
Stock Exchange launched in September 2006 with strategic partners
and offers an innovative MidPoint Match platform, which will be
followed by a fully integrated displayed Best Bid Offer market in
the fourth quarter. ISE Holdings is also a majority owner of
Longitude LLC, which operates an innovative platform for events
markets trading. Additionally, ISE offers enhanced market data
products for sophisticated investors. ISE continually enhances its
trading systems and develops new products, including index options
and market data, to provide investors with the best marketplace and
investment tools to trade smarter. For more information about ISE,
its options products and its technology, visit www.iseoptions.com,
for more information about the ISE Stock Exchange, visit
www.isestock.com and for more information about Longitude, visit
www.longitude.com. About Revere Revere Data, LLC, provides finance
and business professionals with superior data and analytics for all
companies traded publicly on U.S. exchanges. The Revere approach is
based on precise product and industry classification as well as
identification of key business relationships such as customers,
suppliers and competitors. Revere�s data feeds, research, and
real-time trading applications feature unique content derived from
its patented independent Revere Hierarchy�-- a classification
system that provides unmatched detail in specifying a company's
business activities and relationships. For more information, please
visit www.reveredata.com. Forward Looking Statements Certain
matters discussed in this press release are �forward looking
statements� intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of
1995. These statements relate to future events or our future
financial performance, and involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
levels of activity, performance or achievements, to be materially
different from those contemplated by the forward looking
statements. We undertake no ongoing obligation, other than that
imposed by law, to update these statements. Factors that could
affect our results, levels of activity, performance or achievements
and cause them to materially differ from those contained in the
forward looking statements can be found in our filings with the
Securities and Exchange Commission, including our annual report on
Form 10-K, current reports on Form 8-K and quarterly reports on
Form 10-Q, as amended. The International Securities Exchange
(NYSE:ISE) announced today the launch of the ISE-REVERE Natural Gas
Index(TM), a new sector benchmark for this growing industry which
was developed with Revere Data LLC, a provider of independent
research data and investment analytics. Additionally, ISE has
listed cash-settled options based on this new index. Timber Hill
LLC serves as the Primary Market Maker, and trading began today
under the symbol FUM. The ISE-REVERE Natural Gas Index was
developed in response to growing interest in natural gas as an
environmentally-desirable alternative to oil. This fossil fuel is
found naturally in oil fields, gas fields, and coal beds and is
both safer to transport and cleaner burning than oil. For these
reasons, natural gas consumption has increased 83% in U.S. Dollar
terms over the past three years as residential, commercial and
industrial consumers have turned to natural gas for use in a new
generation of appliances and applications. The ISE-REVERE Natural
Gas Index currently contains 30 companies that derive a substantial
portion of their revenues from the exploration and production of
natural gas, such as Apache Corporation (APA), Devon Energy
Corporation (DVN), EnCana Corporation (USA) (ECA), and Williams
Companies, Inc., (WMB). "ISE is pleased to partner with Revere Data
to offer investors the ISE-REVERE Natural Gas Index to track the
performance of this fast-growing segment of the energy market. We
have been at the forefront of developing and launching innovative
indexes to anticipate market demand, and the ISE-REVERE Natural Gas
Index is a significant addition to our existing portfolio of
proprietary index products. As interest in alternatives to oil
grows, options on the ISE-REVERE Natural Gas Index will provide
investors with an opportunity to gain exposure to or hedge existing
positions to protect against natural gas price movements," said
Bruce D. Goldberg, ISE's Chief Marketing Officer. "We welcome the
opportunity to work with the International Securities Exchange to
assist investors to evaluate and reach market segments more easily
and accurately through an index as well as an option," Kevin
O'Brien, Chief Executive Officer of Revere Data said. Using our
unparalleled research methodology, we were able to identify natural
gas companies that are truly representative of this sector in order
to optimize the performance of the index and its ability to closely
track the price of natural gas." ISE and Revere Data collaborated
on a rigorous screening process, thus enabling them to determine
the most compelling portfolio of natural gas stocks to include in
the index. Eligibility is limited to those companies that have a
greater quantity of proven natural gas reserves compared to crude
oil. These candidates were further measured against several stock
performance metrics and by their correlation to natural gas futures
prices. Additional information about these indexes, including
methodology guides, component lists and weightings, performance
metrics and historical data is freely available on ISE's website,
www.iseoptions.com, on the Products Traded / Index Options page.
ISE Background The International Securities Exchange, LLC (ISE) is
a wholly-owned subsidiary of International Securities Exchange
Holdings, Inc. (ISE Holdings). ISE operates an innovative
securities market, founded on the principle that technology and
competition create better, more efficient markets for investors.
ISE is the largest equity options exchange and is among the leading
options exchanges in the world. ISE developed a unique market
structure for advanced screen-based trading systems and in May 2000
launched the first fully electronic US options exchange. The ISE
Stock Exchange launched in September 2006 with strategic partners
and offers an innovative MidPoint Match platform, which will be
followed by a fully integrated displayed Best Bid Offer market in
the fourth quarter. ISE Holdings is also a majority owner of
Longitude LLC, which operates an innovative platform for events
markets trading. Additionally, ISE offers enhanced market data
products for sophisticated investors. ISE continually enhances its
trading systems and develops new products, including index options
and market data, to provide investors with the best marketplace and
investment tools to trade smarter. For more information about ISE,
its options products and its technology, visit www.iseoptions.com,
for more information about the ISE Stock Exchange, visit
www.isestock.com and for more information about Longitude, visit
www.longitude.com. About Revere Revere Data, LLC, provides finance
and business professionals with superior data and analytics for all
companies traded publicly on U.S. exchanges. The Revere approach is
based on precise product and industry classification as well as
identification of key business relationships such as customers,
suppliers and competitors. Revere's data feeds, research, and
real-time trading applications feature unique content derived from
its patented independent Revere Hierarchy(TM)-- a classification
system that provides unmatched detail in specifying a company's
business activities and relationships. For more information, please
visit www.reveredata.com. Forward Looking Statements Certain
matters discussed in this press release are "forward looking
statements" intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of
1995. These statements relate to future events or our future
financial performance, and involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
levels of activity, performance or achievements, to be materially
different from those contemplated by the forward looking
statements. We undertake no ongoing obligation, other than that
imposed by law, to update these statements. Factors that could
affect our results, levels of activity, performance or achievements
and cause them to materially differ from those contained in the
forward looking statements can be found in our filings with the
Securities and Exchange Commission, including our annual report on
Form 10-K, current reports on Form 8-K and quarterly reports on
Form 10-Q, as amended.
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