Nasdaq Quote Feed to Replace DTI Interface as ISE Migrates to Inet Tech
ISE participants will migrate to Nasdaq Inet quote feeds for complex and simple options market making and quoting.
The exchange will migrate its ISE Gemini market on March 1 next year, followed by the main ISE market on June 1 and ISE Mercury on Aug. 1.
ISE will migrate each market on a symbol-by-symbol basis, which is expected to take up to four weeks for each market. During the migration, ISE participants can use the exchange's DTI trading interface to perform market making and for entering trades, but once symbols are migrated, firms must utilize the Specialized Quote Feed for complex options quoting and Nasdaq's OUCH to Trade Options protocol for simple option quoting.
Both will be enhanced to support the complex order functionality currently in DTI, which will no longer be supported by ISE after symbols have migrated.
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