The International Securities Exchange Plays A Waiting Game
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WASHINGTON--A year ago, the International Securities Exchange (ISE) hoped to be open for business in March. While it is still February, the feeling at the ISE seems to be that the process will take longer than anticipated.
"It's a frustrating process," says Michael Simon of New York-based ISE, which hopes to operate as an electronic options exchange that would begin by trading options on 600 stocks.
ISE's filing to become an exchange seems to have been lost in the furor created by ECNs. But based
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