ISE announced today that it has successfully completed the rollout of 650 additional equity options products on the exchange. With the addition of these symbols, ISE now lists equity options covering more than 99% of average daily volume for multiply-listed products.
Many of the additional listings were made possible by ISE’s new Alternative Primary Market Maker (APMM) program. This program enables current Competitive Market Makers (CMMs) to serve as PMMs in certain options products, thereby reducing the number of products that go unallocated. The new APMMs for ISE are Susquehanna Securities, Group One Trading, L.P., and Wolverine Trading, LLC.
“With the listing of 650 additional symbols, almost the full complement of equity options products is now available on ISE, with more listings on the way,” said Boris Ilyevsky, Managing Director. “Our Alternative PMM program has been an effective way to attract market makers to these lower volume symbols and to offer ISE customers the broadest product suite possible on our platform.”
The APMM program went live on ISE on March 14, 2014 and there are currently 122 products assigned to APMMs. Additional information regarding the APMM program is available here.