Nasdaq ISE (ISE) launched in 2000 as the first all-electronic options exchange in the United States and became part of the Nasdaq Options suite of exchanges in June 2016. Operating on a customer priority, pro-rata allocation model, ISE ensures fast and efficient executions for Simple, Complex, and Crossing Orders. ISE will be migrated to Nasdaq’s best-in-class, performance-driven INET technology in Q2 2017.
ISE is a modified maker/taker exchange model and offers rebates and fees based on the product, client designation and order category. It also offers a firm and farMM crossing fee cap and rebates for Complex Priority Customer Orders.