Effective immediately, ISE has introduced a volume-based discount for non-customer orders in options on the Nasdaq 100 Index Tracking Stock. ISE member firms that trade an average daily volume (ADV) of 8,000 to 10,000 QQQ non-customer contracts for a month will receive a $0.10 per contract reduction in transaction fees for every non-customer contract over 8,000 contracts. ISE member firms whose monthly ADV exceeds 10,000 QQQ non-customer contracts will incur no transaction or comparison fees for any non-customer contracts over 10,000. The QQQ volume-based discount is a six-month pilot program effective through May 31. This will be in addition to ISE's current waiver of all fees for customer orders in all products, which is also effective through May 31. ISE's current fee schedule is available at: http://iseoptions.com/membership/pdf/fee_schedule.pdf.
"ISE is committed to providing investors with an efficient, cost effective and competitive market. The QQQ volume-based discount is an example of our ongoing adherence to those principles," said Bruce D. Goldberg, ISE's Senior Vice President of marketing.
