The ISE plans to list and trade options
on the most widely owned and popular stocks, which are divided
into ten groups or bins. Market makers are assigned to provide
liquidity in each group.
ISE has three classifications of members, all of whom are registered broker/dealers.
- 10 Primary Market Makers (PMM)
- 100 Competitive Market Makers (CMM)
- Unlimited number of broker/dealers functioning as Electronic
Access Members (EAM)
In the ISE system, floor brokers are not needed since orders are input by broker/dealers directly to the point-of-sale (electronic order book).
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