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Thought this maybe of interest as launch date is getting close.
New Electronic Options Order Exchange
1. International Securities Exchange
This is big news. The ISE will be the first fully-electronic U.S. options
exchange. Stock traders know all about Island. Ever place an Island order?
Wow, talk about fast - near instant execution when you hit the bid and the
ability to see the market moving in real time. The ISE looks to bring that
same type of electronic order matching to options trading. They are
currently working on developing the consortium of brokers who will provide
the order flow. And sure, it will take a bit of time to get the number of
options and volume to the degree we'd all want to see it. But, this is
exciting news for option traders and they expect to start their rollout in
June of 2000.
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