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

Hintze, John
April 2010
Securities Industry News;4/5/2010, Vol. 22 Issue 7, p4
Trade Publication
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.


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