Most Read
- Merrill Lynch Hires Two Citi Tech Leaders
- As iPhone Applications for Capital Markets Emerge, Hedge Funds First to Adopt
- Charles Schwab Launches Virtual Community for Active Traders
- Virtual Sprawl Hits Wall Street
- Hiring Talent Top Priority for Canyon Partners CTO
- Cutting-Edge Mobile Technology Slated at Wachovia
- Cultivating Talent and Change Management in Focus for Capital Group’s CIO
- Online Brokers’ Definitions of Active Traders Vary
November 28, 2006
ISE Stock Exchange to Launch Displayed Stock Market
Ivy Schmerken, Wall Street & Technology
The ISE Stock Exchange will unveil its fully displayed stock market on Friday, Dec. 8, according to an announcement by the publicly traded International Securities Exchange (ISE), which also operates the leading all-electronic U.S. options exchange.
The displayed market, which publishes quotations, will be seamlessly integrated with MidPoint Match, a continuous, anonymous platform for trading equities at the midpoint price of the National Best Bid and Offer (NBBO). Quotes and trades on the ISE Stock Exchange will be reported to the tap associations with the letter “I.”
Displayed market orders will first receive exposure to the nondisplayed MidPoint Match order book and may be automatically executed with price improvement.
“The unique combined structure of the ISE Stock Exchange will enable traders to maximize execution quality by accessing both nondisplayed and displayed liquidity pools through one trading platform,” stated ISE’s President and CEO David Krell. “Once the fully displayed market goes live, the ISE Stock Exchange will be the first and only exchange-based, continuous crossing platform that provides this type of order interaction,” Krell further stated in the release.
The ISE Stock Exchange will be fully compliant with Regulation National Market Systems (Reg NMS) with plans to trade the full universe of approximately 7,000 NMS equities and ETFs by Feb. 5, 2007.
The ISE Stock Exchange was launched in September with MidPoint Match as its first product. It said it expected to launch the fully disclosed market in the fourth quarter.
Posted by Ivy Schmerken at 02:32 PM
This is a public forum. CMP Media and its affiliates are not responsible for and do not control what is posted herein. CMP Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers.
Community standards in this comment area do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this comment area becomes the property of CMP Media LLC and may be edited and republished in print or electronic format as outlined in CMP Media's Terms of Service.
Important Note: This comment area is NOT intended for commercial messages or solicitations of business.
Greg MacSweeny Columns
Greg MacSweeneyEnigmatec Receives $14 Million in new Funding
Data center automation vendor plans U.S. expansion; establishing center of excellence in S...
As iPhone Applications for Capital Markets Emerge, Hedge Funds First to Adopt
Larry Tabb Columns
Larry TabbClearing and Settlement Top-of-Mind for Front-Office Execs
In addition to the excitement in the U.S., the real focus is occurring in Europe, where th...
Risk Management IT Comes to the Forefront in the Wake of Subprime Credit Crisis
In a Tumultuous Economy, Wall Street Must -- and Will -- Find a New Model
CHECK THIS OUTNovell Real Time Linux Webcast SeriesIn order to succeed, companies must be able to respond quickly, deliver superior value and quality of service, and carefully manage their costs. In this series of brief webcasts, you will learn how SUSE Linux Enterprise Real Time from Novell enables organizations to respond quicker by delivering low latencies, deliver increased value with fast response times, and better manage costs. |
EventsLive Events:Navigating the New World of Risk on the Street October 07, 2008  Buy-Side Trading Summit 2008 November 16-18, 2008 Accelerating Wall Street 2009 March 18, 2009 |
|
Marketplace |
Career CenterReady to take that job and shove it?
|
Most Recent Job Posts:
* Rho Trading Securities seeking Network and Systems Technician in Chicago, IL
* Sibley Memorial Hospital seeking Senior System Analyst in Washington, DC * Lowe's seeking DC Systems Manager in Statesville, NC * Cirrus Design seeking Web Architect in Duluth, MN * Assurant Health seeking Business Analyst III in Milwaukee, WI For more tech jobs in the industry, visit Wall Street & Technology's Career Portal. |
