June 5, 2006
As a trader I am deeply concerned about the rule changes on the ISE. ISE has unfairly targeted options traders in an effort to discourage them from trading freely. All market participants must be able to have access to the markets, which also comes with the right to place and cancel orders. By allowing these changes, the ISE will clearly profit from orders not being filled. Extra cost will clearly deter active traders from placing bids and offers which seems to be the true intentions behind the rule changes.