Los Angeles, CA (PRWEB) February 2, 2006
Cronus Capital Markets (CCM), a leading research and consulting firm relating to the Alternative Energy Sector, and the International Securities Exchange, the largest equity options exchange in the world, have jointly developed the benchmark equity index to represent the alternative energy industry to sector investors, the ISE-CCM Alternative Energy Index.
"The ISE-CCM Indexes offer investors an opportunity to gain exposure to up and coming sector investment opportunities like alternative energy. We remain at the forefront in developing and launching innovative indices to anticipate market demand," said Bruce D. Goldberg, ISE's Chief Marketing Officer. "Our second collaboration with Cronus Capital Markets continues our record of innovation in the options market and adds to ISE’s portfolio of unique, proprietary sector index options, to provide investors with additional trading strategies for managing their portfolios."
The ISE-CCM Alternative Energy Index was developed as a result of growing interest in domestic commercially viable alternative energy sources in response to high oil prices, declining global supply, and a strong global economy. The ISE-CCM Alternative Energy index provides sector investors with exposure to companies involved in alternative energy sources, such as:
- Geothermal Heat
- Hydrogen/Fuel Cells
- Nuclear Fusion
- Solar and Wind energy
Michael Soni, CCM’s President and CEO, stated that the ISE-CCM Alternative Energy Index is a necessary development for the still nascent sector. "As a result of the ISE-CCM Alternative Energy Index, the alternative energy sector can now officially be considered a sector within the capital markets. Investors will have a direct avenue in which to track and participate in the growth of this new and important sector investment opportunity. Furthermore, sector investors will be able to hedge their portfolios against the risk of rising fossil fuel prices in a manner never before available," said Soni.
The ISE-CCM Alternative Energy Index includes top alternative energy companies, such as FuelCell Energy (NASDAQ: FCEL), Hydrogenics (NASDAQ: HYGS), Ballard Power (NASDAQ: BLDP), and Plug Power Inc. (NASDAQ: PLUG). Options on the ISE-CCM Alternative Energy Index started trading Tuesday, January 10th, under the symbol POW on the ISE, with Timber Hill LLC acting as primary market maker.
About International Securities Exchange (ISE)
ISE, the world's largest equity options exchange, was founded on the principle that technology fosters and infuses new efficiencies and operational innovations into securities trading. After developing an innovative market structure that integrated auction market principles into an advanced screen-based trading system, ISE launched the first fully electronic US options exchange in May 2000. ISE continually enhances its trading systems to provide investors with the best marketplace to execute their options orders. (http://www.iseoptions.com)
About Cronus Capital Markets (CCM)
Cronus Capital Markets (http://www.cronuscapitalmarkets.com) is an opportunity-focused financial market research and consulting firm. CCM collaborates with its clients and partners to ensure high quality, credible, and independent sector investment research is produced and made widely available. CCM is a leading provider of sector investment research and media to the global investment community, reaching millions of sector investors in North America, Europe, and Asia.
CCM Consulting is committed to achieving results and delivers innovative solutions and insights to its clients to help them become more successful companies and institutional investors. Drawing on deep capital market expertise and strong partnerships, CCM can mobilize the proper resources to help clients improve their performance.
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