ISE chairman charged with insider trading

Discussion in 'Wall St. News' started by crgarcia, Mar 14, 2008.

  1. ISE chairman charged with insider trading

    Press release
    March 13, 3008

    ISE Statement Regarding Insider Trading Allegations

    NEW YORK , March 13, 2008 -The International Securities Exchange ( ISE ) announced that it has accepted the resignation of John Marshall, who formerly served as Vice Chairman of ISE's board . Marshall was charged today by the SEC and the U.S. Attorney's office with violations of the securities laws relating to insider trading in advance of ISE's merger with Eurex Frankfurt, AG, which was announced in April 2007 . ISE has not been named a party in either case.

    ISE Background

    The International Securities Exchange operates a family of fully electronic trading platforms, creating efficient markets through innovative technology and market structure. ISE's markets portfolio consists of an options exchange and a stock exchange. As the world's largest equity options trading venue, ISE offers options on equities, ETFs, indices, and FX. The ISE Stock Exchange trades approximately 6,000 products, and is the only fully electronic equities platform that provides the opportunity for continuous price improvement through the interaction of its non-displayed liquidity pool, MidPoint Match, and its displayed stock market. ISE Alternative Markets is scheduled to launch in 2008 and will offer an events market trading platform for derivatives auctions. To complement its markets and enable investors to trade smarter, ISE creates innovative new products including a portfolio of proprietary indexes and enhanced market data products for sophisticated investors.

    ISE is a wholly owned subsidiary of Eurex, a leading global derivatives exchange. Eurex itself is jointly owned by Deutsche Börse AG (Ticker: DB1 ) and SWX Swiss Exchange. Together, Eurex and ISE are the global market leader in individual equity and equity index derivatives.


    Media :
    Molly H. McGregor
    International Securities Exchange
    212-897-0275 News/2008/03/13-march04
  2. great post! funny how those in the electronic world always talked about corruption on the trading floors and how they were the solution!

    don't drop your soap buddy!