On Monday, August 2, 2010, the ISE, in conjunction with the options industry, will expand the list of eligible securities in the penny pilot program and begin quoting and trading an additional 75 options classes in penny increments.

As part of the Penny Trading Pilot a select number of options may trade in 1-cent increments when priced below $3.00. Options priced at $3.00 and above will trade in 5-cent increments. Exceptions to these increments are symbols IWM, QQQQ, and SPY which are the only securities permitted to trade in 1-cent increments at all levels.

Removed from the previous list of symbols as announced in MIC-2010-43 distributed on July 13, 2010 were priceline.com Inc. (PCLN) and Canadian Solar Inc. (CSIQ). Added to the final list is Mastercard Inc. (MA).

The new securities will be:

*This symbol is not listed at the ISE.

More information regarding the Penny Pilot Program can be found at the following link.

http://www.ise.com/WebForm/viewPage.aspx?categoryId=152

Effective Thursday, July 1st, ISE will expand the Modified Maker/Taker fee schedule to an additional 30 names.  A total of 80 symbols will be trading under the new fee model.

Symbols added to the fee model effective July 1, 2010: ABX, BMY, BP, COP, DELL, DRYS, FXI, HAL, IBM, KO, LVS, MCD, MO, MON, NOK, ORCL, PFE, QCOM, S, SLB, SMH, SNDK, TBT, USO, V, VALE, WFT, XLI, XRT, YHOO

For a full list of symbols that are part of this fee model click on the link:  www.ise.com/MTproducts

Summary of the fee model:

1) Crossing order fees are for the originating or contra order of Facilitation, Solicitation, PIM or Block.
2) A rebate of $0.15 will apply to contracts that are part of a PIM, Facilitation (or Complex Facilitation) order that do not trade with its contra order.
3) Complex orders executed in the Facilitation and Solicited Order Mechanisms are only charged fees on the longest leg.
4) A rebate of $0.15 per contract per leg will apply to Customer orders, regardless of order size, that trade against non-customers in the Complex Orderbook.
5) An ISE market maker’s quotes must be on the National Best Bid or National Best Offer 80% of the time during the current trading month to qualify for a rebate.

To learn more about ISE’s fees go to www.ise.com/fees or contact ISE Business Development at 212-897-0357 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Effective Thursday, July 1st, ISE will expand the Modified Maker/Taker fee schedule to an additional 30 names.  A total of 80 symbols will be trading under the new fee model.

Symbols added to the fee model effective July 1, 2010: ABX, BMY, BP, COP, DELL, DRYS, FXI, HAL, IBM, KO, LVS, MCD, MO, MON, NOK, ORCL, PFE, QCOM, S, SLB, SMH, SNDK, TBT, USO, V, VALE, WFT, XLI, XRT, YHOO

For a full list of symbols that are part of this fee model click on the link:  www.ise.com/MTproducts

Summary of the fee model:

1) Crossing order fees are for the originating or contra order of Facilitation, Solicitation, PIM or Block.
2) A rebate of $0.15 will apply to contracts that are part of a PIM, Facilitation (or Complex Facilitation) order that do not trade with its contra order.
3) Complex orders executed in the Facilitation and Solicited Order Mechanisms are only charged fees on the longest leg.
4) A rebate of $0.18 per contract per leg will apply to Customer orders, regardless of order size, that trade against non-customers in the Complex Orderbook.
5) An ISE market maker’s quotes must be on the National Best Bid or National Best Offer 80% of the time during the current trading month to qualify for a rebate.

To learn more about ISE’s fees go to www.ise.com/fees or contact ISE Business Development at 212-897-0357 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Effective Thursday, June 1st, ISE will expand the Modified Maker/Taker fee schedule to an additional 30 names.  A total of 50 symbols will be trading under the new fee model.

Symbols added to the fee model effective June 1, 2010: AA, AIG, AXP, BBY, CAT, CHK, DNDN, EEM, EFA, EWZ, F, FAS, FAZ, FSLR, GDX, GLD, IYR, MGM, MS, MSFT, MU, PALM, PBR, PG, POT, RIG, SDS, SLV, XLE, XOM

For a full list of symbols that are part of this fee model click on the link:  www.ise.com/MTproducts

Summary of the fee model:

1) Crossing order fees are for the originating or contra order of Facilitation, Solicitation, PIM or Block.  
2) A rebate of $0.15 will apply to contracts that are part of a PIM, Facilitation (or Complex Facilitation) order that do not trade with its contra order.
3) Complex orders executed in the Facilitation and Solicited Order Mechanisms are only charged fees on the longest leg.
4) A rebate of $0.15 per contract per leg will apply to Customer orders, regardless of order size, that trade against non-customers in the Complex Orderbook.
5) An ISE market maker’s quotes must be on the National Best Bid or National Best Offer 80% of the time during the current trading month to qualify for a rebate.

To learn more about ISE’s fees go to www.ise.com/fees or contact ISE Business Development at 212-897-0357 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Effective Thursday, May 3rd, ISE will expand the Modified Maker/Taker fee schedule to an additional 17 names.  A total of 20 symbols will be trading under the new fee model.

Symbols added to the fee model as of May 3, 2010: SPY, IWM, XLF, AAPL, GE, JPM, INTC, GS, RIMM, T, VZ, UNG, FCX, CSCO, DIA, AMZN and X

Symbols added to the fee model as of April 1, 2010: QQQQ, C, and BAC

Other changes to the fee model, effective May 3, 2010:

• Extension of the cross order rebate to include PIM:
  • A $0.15 per contract rebate is provided for the portion of a PIM, Facilitation, or Complex Facilitation order that does not trade with its contra order.

*UPDATE: There is no increased rebate for Preferenced Customer Complex Orders:

• Customer orders in the complex orderbook will continue to receive a $0.15 per contract rebate on each leg when they trade against non-customer complex orders.

For a full list of symbols that are part of this fee model click on the link:  www.ise.com/MTproducts

Summary of the fee model:

1) Crossing order fees are for the originating or contra order of Facilitation, Solicitation, PIM or Block.
2) A rebate of $0.15 will apply to contracts that are part of a PIM, Facilitation (or Complex Facilitation) order that do not trade with its contra order.
3) Complex orders executed in the Facilitation and Solicited Order Mechanisms are only charged fees on the longest leg.
4) A rebate of $0.15 per contract per leg will apply to Customer orders, regardless of order size, that trade against non-customers in the Complex Orderbook.
5) An ISE market maker’s quotes must be on the National Best Bid or National Best Offer 80% of the time during the current trading month to qualify for a rebate.

To learn more about ISE’s fees go to www.ise.com/fees or contact ISE Business Development at 212-897-0357 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it .