The announcement made yesterday by the International Securities Exchange (ISE) means traders can now access approximately 6000 National Market System (NMS) securities through both ISE’s non- displayed liquidity pool, MidPoint Match, and its displayed market. Among the symbols traded are all securities that comprise the S&P 1500 and Russell 3000.
The ISE introduced its displayed market on December 8, 2006, and has aggressively added securities in advance of the March 5, 2007 implementation date for the Reg NMS Order Protection Rule. The ISE Stock Exchange introduced its fully compliant with Reg NMS and currently offers route-out capabilities for displayed market orders at no additional fees, the firm says.
Access to the fully automated market place is provided by a number of trading solutions providers including InstaQuote, Lava Trading, MIXIT, Neovest, Portware, Orc Software, and Order Execution Services.