ISE Rolls Out 650 Additional Equity Options Products
On Tuesday, ISE announced it had successfully completed the rollout of 650 additional equity options products on the exchange. With this addition, ISE now lists equity options covering more than 99% of average daily volume for multiply-listed products.
Many of the additional listings have been made possible by ISE’s new Alternative Primary Market Maker (APMM) program. This program enables current Competitive Market Makers (CMMs) to serve as PMMs in certain options products, thereby reducing the number of products that go unallocated.
ISE's new APMMs include Susquehanna Securities, Group One Trading, L.P., and Wolverine Trading, LLC.
Tuesday's news comes as ISE's APMM program went live on March 14, 2014; currently there are 122 products assigned to APMMs.
Boris Ilyevsky, Managing Director, said in a press release, “With the listing of 650 additional symbols, almost the full complement of equity options products is now available on ISE, with more listings on the way. Our Alternative PMM program has been an effective way to attract market makers to these lower volume symbols and to offer ISE customers the broadest product suite possible on our platform.”
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