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The Formation of ISE
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To fund the formation of ISE, memberships
were initially sold to a consortium of broker/dealers organized
under the umbrella of Adirondack Trading Partners (ATP). This purchase
of memberships provided the initial capital for the development
of the trading system, acquisition of hardware, development of regulatory
systems and other costs associated with establishing an exchange.
Currently, transaction fees, electronic access fees and the sale
of real-time market data generate ISE’s operating revenues.
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