The International Securities Exchange (ISE), now part of Nasdaq, operates three U.S. options exchanges, ISE, ISE Gemini, and ISE Mercury. ISE was founded on the principle that innovation, technology and competition create better, more efficient markets for investors. All three exchanges run on Deutsche Boerse Group’s T7® trading architecture, offering an industry-leading technology backbone and efficiencies when connecting to the exchanges.
ISE launched in May 2000 as the first all-electronic options market in the United States and offers a modified maker-taker fee schedule. ISE Gemini arrived in August 2013 with a pure maker-taker pricing model. When ISE Mercury launched in February 2016 with a payment for order flow/rebate-driven fee structure, it provided ISE Options members with comprehensive access to all segments of the options industry. All of ISE’s options exchanges use the same innovative customer-priority, pro-rata market structure.
In this section, you will get an in-depth look at industry statistics and the latest information about ISE options exchanges, including trading functionality, products traded, member information and more.
To apply for membership on ISE, click here.
To apply for membership on ISE Gemini, click here.
To apply for membership on ISE Mercury, click here.
For more information on the member migration from ISE technology to the Nasdaq INET platform – including migration timelines, technical documents and resources – please visit business.nasdaq.com/ISE