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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**
We continue to waive the first two months of PrecISE fees 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 Supports:
  • Spreads and Tied to Stock Orders
  • Crossing Orders for Simple and Complex Orders
  • Away Market Routing to sweep and send orders
    directly to other Exchanges
  • Reserve Orders for Simple and Complex Orders
  • Post-trade allocation capability
  • Sweep and Cross
  • Risk management settings that can be managed by Risk Administrator:
    • Max order quantity
    • Max day quantity
    • Max order notional value
    • Max day notional value
    • Reject pre-open orders
    • Restricted products list
PrecISE Market Data:
  • ISE and underlying BBO
  • OPRA NBBO and Exchange BBO
  • ISE Market Depth along with Customer Quantity
  • ISE Spread Orderbook
  • Real Time Greeks including Delta,
    Volatility, Gamma, Vega, Theta & Rho
PrecISE Advantages:
  • User-friendly, customizable interface
  • Supports Administrator-set pre-trade risk parameters
  • Allows for consolidated access to order and trade
    activity for multiple desks, business units and/or
    sponsored customers using PrecISE as well as FIX
    and API applications
  • Supports all Exchange functionality
  • Connects via internet or direct connection

 

 

 
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
  • C2
  • Day
  • Day AON
  • FOK
  • IOC
  • ISO Clear
  • ISO No ISE
  • NBBO SWEEP
  • Sweep & Cross

AMR Order Ticket
 
 
Sweep & Cross

Sweep & Cross automatically sends orders to execute against the displayed top of book on all exchanges priced better than the crossing price and enters the remainder on the ISE as a crossing order. Sweep & Cross adheres to all inter-market linkage rules related to execution of large crosses.
 
 
Pricing
Additional Away Market Routing charges are billed on your ISE monthly statement.
Away Market Routing

Fee*

AMR Fee

$0.03

Post-trade clearing changes

$0.05

 
 
 
 
 
 
*Per contract. Applicable Exchange fees apply.

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:

A copy of your firm's most recent Focus Report and Audited Financials along with the completed documents should be returned to:

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

Order Management Functionality

With PrecISE 5.0, new order management features are now available:
  • Route orders from PrecISE user to PrecISE user for execution. Trades are automatically reported back to the originating PrecISE user. 
  • Stage larger orders and divide them into smaller orders (parent/child) for more controlled order management and execution.

 

 
 
To enable new PrecISE order management features, please complete a Member Change Request Form and email it to precise@ise.com.