ISE looks to raise $100m

Industry watchers last week said International Securities Exchange (ISE) does not have the same star appeal as Chicago Mercantile Exchange (CME), despite ISE's claim that it can raise $100m in its forthcoming initial public offering.

ISE filed its S-1 with Securities and Exchange Commission in early July . ISE said it will use the proceeds from its IPO this year to expand its business and compete with other existing options markets. But ISE also listed a number of possible challenges for the company, ranging from abolition of payment for order flow to new entrants in the marketplace. ISE currently stands as...