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Trading & Technology  Connectivity  PrecISE Trade® Application
PrecISE Trade® Application
PrecISE Trade® is ISE's fast and innovative front-end application for trading options and stock-option combinations.
 
**SPECIAL OFFER**
The first two months are FREE for new users including traders, back office users and sponsored customers.
 
This fee waiver is an opportunity for members and their sponsored customers to trial PrecISE without incurring fees as they familiarize themselves with PrecISE and the functionality it offers.
 
Please contact ISE Business Development at (212)897-8171 or precise@ise.com for more information.
Contact Us
Learn more about PrecISE Trade.

Overview

PrecISE offers:
  • Customizable workstation
  • ISE and underlying BBO display
  • OPRA NBBO and Exchange BBO display
  • Real time Greeks
  • ISE Market Depth with Customer Quantity display
  • Ability to enter, alter and cancel orders
  • Ability to route orders to other options markets
  • Trade ticker
  • Order management tools
  • Post-trade clearing and allocations functions
  • Administrator-set risk parameters
  • Order and trade reports
  • Online help
PrecISE advantages:
  • Easy-to-use interface
  • Point-and-click executions
  • Minimal infrastructure required
  • Low-cost solution
  • Live support
PrecISE supports:
  • Market and Limit Orders
  • Reserve Orders
  • Spreads
  • Buy-writes and Delta Neutral Orders
  • Block Orders
  • Facilitation Orders
  • Solicitation Orders
  • PIM Orders
  • Cabinet Orders
  • Stop Orders
 
PrecISE connects over direct leased lines or the Internet.
Market and Order Display Status
Regular Order Ticket

About Away Market Routing

PrecISE Trade also features Away Market Routing (AMR). Traders can easily route orders to all options markets from a single workstation.

Including:
Order types supported:
  • AMEX
  • ARCA
  • BATS 
  • BOX
  • CBOE
  • ISE 
  • NSDQ
  • PHLX 
  • Day
  • Day AON
  • FOK
  • IOC
  • ISO Clear
  • ISO No ISE
  • NBBO SWEEP

 
AMR Order Ticket
 
 
Pricing
Additional Away Market Routing charges are billed on your ISE monthly statement.
For aggregate volume executed by the entire PrecISE community, fees are as follows:
 
Monthly PrecISE AMR Volume
(contracts)

Fee
(per contract)*

Less than 250,000

$0.07

250,000 or more in prior month

$0.05

Post-trade clearing changes

$0.05
 
 
 
 
 
 
 
 
*Applicable Exchange fees apply.
 
The AMR fee for the month will be published to subscribers of the service on the first trading day of the month.

How to Sign Up

PrecISE
 
PrecISE connects to ISE either via the Internet using SSL security, or through a dedicated line.
 
All PrecISE users must read and fill out a Software License Agreement.
 
In addition, if you are connecting to PrecISE via the Internet, please read and fill out an Internet Addendum.
 
Please return the above documents to:
 
Ronan Cahill
International Securities Exchange
60 Broad Street
New York, NY 10004
Fax: (212) 425-4926
 
Away Market Routing
To sign up for Away Market Routing, please read and fill out the following forms:

Please return all AMR documents to:

 
Geralyn Endo
International Securities Exchange
60 Broad Street
New York, NY 10004
Phone: (212) 897-8171
Fax: (212) 425-4926