ISE To Unveil New Trading System

International Securities Exchange (ISE) will launch a new trading system, making it the fastest venue for handling U.S. stock option trades, The Wall Street Journal reports. The planned Optimize system, which is due to launch in April, will allow the company to bring new sorts of contracts to market faster and build out capabilities for handling complex and multipart options trades.

The system will help ISE reclaim market share lost to rivals over the past 18 months. ISE will use its investment in stock-exchange operator, Direct Edge, to help customers transact options orders that incorporate trades in related stocks, with new functions slated to come online in 2011.

Click here for the story fromThe Wall Street Journal.