NEW YORK, June 13, 2016 – The International Securities Exchange (ISE) today announced that trading of multi-legged strategy orders through its Implied Order* functionality has exceeded 50 million contracts. ISE’s Implied Order functionality has accounted for approximately 5.6 percent of all non-crossing, multi-legged contract volume executed on ISE year-to-date.
Implied Orders increase liquidity for complex orders resting on ISE by matching or improving ISE’s BBO on one of the component legs and displaying liquidity from ISE’s complex order book on the regular order book published to OPRA. Implied Orders are firm for all incoming regular orders and upon execution, automatically result in the execution of the strategy order by executing the other component of the order against resting liquidity. This functionality is automatically available in ISE’s trading system for eligible multi-legged orders.
ISE was the first U.S. options exchange to offer Implied Order functionality. To learn more about ISE’s industry leading Implied Order functionality, please visit www.ise.com/ImpliedOrders.
*Also known as Legging Orders.
About ISE Holdings
The International Securities Exchange Holdings, Inc. (ISE Holdings) is the owner and operator of three electronic options exchanges: ISE, ISE Gemini, and ISE Mercury. Through its comprehensive exchange offering, ISE Options delivers a superior trading experience to its member firms through its patented market structure, industry-leading technology, unique functionality for trading Complex orders, and award-winning customer service. In addition to its options business, ISE Holdings also operates ISE ETF Ventures, which provides its partners with a broad range of capabilities in index development, index licensing, financing, and marketing of exchange-traded products. Total assets under management for ETPs tied to ISE ETF Ventures is approximately $2.5 billion. ISE Holdings also owns Longitude and licenses its proprietary technology for event-driven applications in a diverse range of industries.
ISE Holdings is part of Deutsche Börse Group (Xetra: DB1).
Molly McGregor | 212-897-0275 | email@example.com