Exchange says new scheme will provide case study for the market
The International Securities Exchange
(ISE), the New York based options exchange group, has
introduced a new 'flat’ pricing plan for price
improvement mechanism (PIM) auctions on its ISE Gemini
exchange, from January 2 2015.
Under the new scheme, PIM auction
initiators and responders will pay the same fee of $0.05 per
contract. Priority customers from the initiating side of order
will remain free.
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