International Securities Exchange (ISE) has secured a deal with Osaka Securities Exchange (OSE) to build a new electronic options trading platform for the Japanese securities market.
ISE and OSE signed a memorandum of agreement (MOA), the first step towards a formal joint venture that will lead to a new trading platform for equity options. ISE president and CEO Gary Katz told FO Week that the plan is to jointly build the platform, but the ownership structure and what technology will be used has not been decided. Katz said there is no timeline set yet for building the options platform, but he expected a more formal agreement to be...