TITLE

ISE, Friend of the Customer, Moves to Maker/Taker Pricing

AUTHOR(S)
Hintze, John
PUB. DATE
April 2010
SOURCE
Securities Industry News;4/5/2010, Vol. 22 Issue 7, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the modified maker-taker fee structure introduced by the International Stock Exchange (ISE) in April 2010 covering three options. According to the author, ISE is one of the three options exchanges that shapes traditional pricing, in which retail and institutional customers trade for free. Under the fee structure, it is collecting a taker fee of 0.25 U.S. dollar for all market makers and proprietary shops. In March 2010, ISE posted 3.0 million contracts a day, a 32.6% decline compared to the trading volumes posted in 2009.
ACCESSION #
49119548

 

Related Articles

  • War Over Trade Crossing. Longo, Mark // Traders Magazine;Aug2004, Vol. 17 Issue 229, p32 

    Discusses the concept and issues of the trading pit practice of trade crossing. Occurrence of the event when a brokerage house become the counterparty to its customer's order or vice versa; Debate between market makers and brokerage houses; Complaint on the direct usurpation of the role of...

  • Buy side welcomes Arrowhead launch. DiBiasio, Jame // Asian Investor;Dec/Jan2009, p22 

    The article reports on the launch of information technology platform, dubbed Arrowhead, by the Tokyo Stock Exchange (TSE) in Japan. It states that the platform will lead to greater use of algorithms, more ways to price trades and the introduction of high-frequency trading. It also allows...

  • TSX-V RANKS NO. 2 FOR NEW MARKET LISTINGS.  // CA Magazine;Nov2006, Vol. 139 Issue 9, p14 

    The article reports on the ranks of TSX-V, Canada's largest stock exchange, on the list of exchanges for fledgling and high-growth companies. According to Grant Thornton's 2006 Global New Markets Guide, the Toronto-based exchange had 2,003 companies listed in 2005. It points out that TSX-V...

  • Keep one eye on your capital. Nicholson, Colin // BRW;11/3/2005, Vol. 27 Issue 43, p78 

    Reports on the factors contributing to the condition of the Australian stock market. Details of the ASX All Ordinaries index; Condition of the U.S. market; Regression channel line of the bull market.

  • floor member (US).  // International Dictionary of Finance, 4th Edition;2003, p109 

    Information on floor member is presented. It refers to a person who is a member of the stock exchanges in the U.S.

  • National Stock Exchange (NSE) (India).  // International Dictionary of Finance, 4th Edition;2003, p186 

    Information on the term National Stock Exchange (NSE) (India) is presented. It refers to a stock exchange set up by the Indian government in 1994 based in Bombay but with nationwide coverage. The NSE has clearing centres in Bombay, Delhi, Madras and Calcutta and more than 1,500 remote broker...

  • New Exam for Traders on the Way. Chapman, Peter // Traders Magazine;Mar2011, Vol. 24 Issue 320, p20 

    The article discusses the formulation of the Series 56 exam for proprietary traders and market makers by various exchanges including BOX Options Exchange, Chicago Board Options Exchange, and National Stock Exchange in the U.S. It mentions that the Series 56 exam will be released in September...

  • Philly Stock Exchange Plans to Allow Directed Flow. Chapman, Peter // Traders Magazine;Oct2006, Vol. 19 Issue 259, p22 

    The article reports on the plan of Philadelphia Stock Exchange on reviving the market making on its new trading platform by offering dealers exclusive rights to get their customers' orders in Pennsylvania. Bob Miller, an advisor to the exchange, claimed that in the future they want to expand...

  • Facing Cost Realities, NYSE Is Closing a Trading Floor. Jaworski, Alexa // Securities Industry News;11/6/2006, Vol. 18 Issue 38, p10 

    The article reports on the plan of the New York Stock Exchange (NYSE) to consolidate trading operations until 2007. The trading operations will be reduced from five rooms to four. According to Nelson Chai, CFO and executive vice president of the NYSE Group, he expects that the reduction of...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics