The International Securities Exchange’s (ISE) ISE Stock Exchange set a new daily trading volume record of 145.1 million shares on 22 January 22 2008, surpassing the previous record of 115.7 million shares set on 19 September 2007.
Launched in September 2006, the ISE Stock Exchange integrates a fully displayed stock market with MidPoint MatchSM, a continuous, anonymous platform for trading equities at the midpoint of the National Best Bid and Offer (NBBO).
The ISE Stock Exchange is a completely automated and Reg NMS compliant market place that offers high-speed order execution capabilities, a competitive pricing structure and neutral access rules.
On 2 January 2008 the ISE Stock Exchange introduced a simplified maker/taker pricing structure of $0.0032/$0.0030 per share for orders executed on the displayed market.
Quote and trade revenue rebates for all tapes are now embedded into the liquidity provider rebate, enabling firms to calculate the explicit revenue generated from trading at ISE.