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Nasdaq completes acquisition of International Securities Exchange

Staff writer ▼ | July 1, 2016
Nasdaq completed its acquisition of International Securities Exchange, an operator of three electronic options exchanges, from Deutsche Börse Group.
Acquisition   To improve efficiencies for clients
Nasdaq entered into an agreement to acquire International Securities Exchange on March 9, 2016.

The acquisition will improve efficiencies for clients, expand the company’s technology offerings and create more opportunities to innovate within the equity options industry.

The transaction is expected to be accretive to Nasdaq earnings within 12 months of closing and deliver attractive returns on capital. Nasdaq does not expect a material impact on financial leverage or capital return strategy.

ISE operates three electronic options exchanges: ISE, ISE Gemini and ISE Mercury. ISE’s exchanges serve as the venues for more than 15% of trading in U.S. options.