International Securities Exchange LLC Files for Registration as a National Securities Exchange
SECURITIES AND EXCHANGE COMMISSION
The International Securities Exchange LLC ("ISE") has submitted a Form 1 application under the Securities Exchange Act of 1934 ("Exchange Act"), seeking registration as a national securities exchange under Section 6 of the Exchange Act.
A copy of the ISE's Form 1, including all exhibits, is available in the Commission's Public Reference Room, File No. 10-127, and on the Commission's website at http://www.sec.gov/rules/othrindx.htm [Webmaster's note: see link at end of page]. The Commission is publishing notice of ISE's filing to afford interested persons an opportunity to submit written comments. The Commission will take these comments into consideration in making its determination about whether to grant ISE's request to be registered as an exchange. The Commission shall grant such registration if it finds that the requirements of the Exchange Act and the rules and regulations thereunder are satisfied.
(Release No. 34-41439; File No. 10-127)
May 24, 1999
International Securities Exchange LLC; Notice of Filing of Application for Registration as a National Securities Exchange Under Section 6 of the Securities Exchange Act of 1934
ISE's Form 1 provides detailed information about ISE and how it proposes to satisfy the requirements of the Exchange Act. In general, ISE would become an exchange that operates an automated trading system for standardized equity options. It would be an agency-auction market similar to the exchange markets currently in operation, although the auction would occur electronically, and not on a floor. ISE plans to become a member-owner of, and clear its transactions through, The Options Clearing Corporation ("OCC"). As a member-owner of OCC, the options contracts traded on the ISE would be fully fungible with the options of the same companies traded on the other options exchanges. ISE also plans to join the Options Price Reporting Authority Plan, which governs the dissemination of options quotes and last-sale transaction prices.
Interested persons should submit three copies of their written data, views and opinions to Jonathan G. Katz, Secretary, Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549-0609. Comments may also be submitted electronically at the following e-mail address: firstname.lastname@example.org. Comments must be received on or before [insert date 45 days after date of publication in the Federal Register]. All comment letters should refer to File No. 10-127; this file number should be included on the subject line if comments are submitted using e-mail. All submissions will be available for public inspection and copying at the Commission's Public Reference Room, Room 1024, 450 Fifth Street, N.W., Washington, D.C. 20549. Electronically submitted comment letters will be posted on the Commission's Internet website (http://www.sec.gov).
For questions regarding this release, contact: Michael Walinskas, Deputy Associate Director, at (202) 942-0187, Sheila Slevin, Assistant Director, at (202) 942-0796, Christine Richardson, Attorney, at (202) 942-0748, or Joseph Morra, Attorney, at (202) 942-0781; Division of Market Regulation, Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549-1001.
By the Commission.
Jonathan G. Katz
1See Letter to Michael Walinskas, Deputy Associate Director, Division of Market Regulation, Commission, from David Krell, President and CEO, ISE, dated February 1, 1999 ("ISE Form 1").
2 Section 19(a)(1) of the Exchange Act, 15 U.S.C. 78s(a)(1).
A complete copy of the ISE's Form 1 is available for viewing on this site, in PDF format. Note: This is a very large file (3.8 MB; 287 pages). Please wait for it to download completely. If you have trouble viewing the file on line, you may want to try saving the file from the link and viewing it locally.
View the ISE Form 1 now