Timber Hill, a subsidiary of Interactive Brokers Group LLC, purchased the PMM from Adirondack Trading Partners LLC. Timber Hill had leased the PMM from Adirondack Trading Partners since April 2001.
"Timber Hill is a name that is synonymous in the global markets with sophisticated electronic trading and high-quality markets. We are pleased that Timber Hill has decided to become an owner at ISE, which we consider another important reaffirmation of the ISE model," said Gary Katz, ISE's Chief Operating Officer.
Separately, Timber Hill also bought Competitive Market Maker (CMM) rights for bin 4. Timber Hill is also a CMM in bins 1, 2, 3, 5, 6, 8, 9 and 10.
