ISE extends fee waiver for PrecISE Trade terminal

Source: International Securities Exchange

The International Securities Exchange (ISE) announced today that it is offering a two month fee waiver for new users of its proprietary front-end trading terminal, PrecISE Trade.

The customizable interface provides members with user-friendly, direct access to the exchange as well as valuable risk management tools and market data. PrecISE also offers extensive safeguards for members participating in ISE's sponsored customer program.

"ISE's PrecISE Trade front-end trading system leads the options industry in terms of trading functionality and risk management capabilities," said Boris Ilyevsky, Managing Director of ISE's options exchange. "PrecISE allows for consolidated access to order and trade activity for multiple desks or business units within a member firm. In anticipation of pending regulation on sponsored access, ISE is proactively providing sponsoring firms with important risk management features, including the ability to set risk parameters and monitor orders in real time. We encourage new users to sign up and familiarize themselves with the PrecISE terminal and its powerful functionality."

PrecISE Trade supports all exchange order types and functionality, including complex orders, tied-to-stock options orders, crossing orders, and sweep functionality to access other exchanges. PrecISE Trade users have access to real time market data as well as ISE's Depth of Market Feed, the ISE Spread Book Feed and real time options Greeks. In addition, PrecISE offers order management tools and flexible post-trade clearing and allocation functions.

The fee waiver was first introduced in May 2010 and is being extended due to the success of the program. All new users, including traders, back office users and sponsored customers, are eligible for the fee waiver.

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