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OMX and ISE collaborated to develop CLICK Trade™, a proprietary front-end software application for managing order flow, including entering and canceling orders. The CLICK Trade™ application, used only by Electronic Access Members (EAMs), accesses the ISE market over a dedicated telecommunications line, and provides traders with direct access to the Exchange’s posted prices. The workstation also receives continuous market updates from the Central Exchange System throughout the trading day.
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CLICK Trade™ application is licensed to EAMs by ISE. EAMs must furnish their own PC and LAN.
CLICK Trade™ "Lite", a low volume version of the CLICK Trade™ workstation, is available to members seeking to minimize communications costs.
CLICK Trade™ Lite can operate on a dedicated 128 Kpbs line, or over the Internet using a Virtual Private Network (VPN) to connect to the Exchange. A VPN offers security and encryption features that provide a level of security comparable to a private line or dedicated network. |
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