--- title: Nasdaq Preps ISE Migration description: The market operator plans to keep ISE functionality while moving the three options exchanges onto Nasdaq architecture. --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/nasdaq-preps-ise-migrations#popup-newsletter) #### Want the latest news on securities markets -- FREE? Sign up to receive exclusive articles on topics including: - Equity market structure - Profiles of buy-side investment firms - The evolution of multi-asset-class trading - Regulation and its implications for markets - The search for liquidity in fixed income markets - The convergence of fintech and capital markets Select one or more newsletters you would like to receive: menu [![Markerts media](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/header%20logo.svg "Markerts media")](https://articles.marketsmedia.com/) - [Options](https://articles.marketsmedia.com/tag/options) - Options - Nasdaq Preps ISE Migration Search - [Home](https://articles.marketsmedia.com/) - [Trending](https://articles.marketsmedia.com/tag/trending) - [Featured](https://articles.marketsmedia.com/tag/daily-email-feature) - [Sectors](https://articles.marketsmedia.com/tag/sectors) - [From The Markets](https://articles.marketsmedia.com/tag/from-the-markets) - [AWARDS](https://articles.marketsmedia.com/tag/events) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Newsletter](https://articles.marketsmedia.com/nasdaq-preps-ise-migrations#popup-newsletter) Hide search Search - NewsLetter ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg) [ON THE MOVE: Citi Hires Artie Ambrose;...](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_445735906_L.jpg) [Trading Adapts to ESG and Sustainable...](https://articles.marketsmedia.com/trading-adapts-to-esg-and-sustainable-investing) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-917493152-Jul-07-2022-09-34-19-09-AM.jpg) [Focus on FX Execution Connectivity](https://articles.marketsmedia.com/focus-on-fx-execution-connectivity) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_333839538_L.jpg) [TRACE Turns 20](https://articles.marketsmedia.com/trace-turns-20) 09.12.2016 By Rob Daly Options # Nasdaq Preps ISE Migration 09.12.2016 By Rob Daly [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/nasdaq-preps-ise-migrations) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/nasdaq-preps-ise-migrations) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/nasdaq-preps-ise-migrations) During a record low in options trading volume and volatility, Nasdaq plans to kickstart opening liquidity on the ISE by adopting a tweaked version of the process used by Nasdaq PHLX exchange. “But that is not carved in stone,” said Kevin Kennedy, vice president and head of US options at Nasdaq. The global exchange operator still needs approval from the U.S. Securities and Exchange Commission to introduce the necessary rule changes. ![Kevin Kennedy, Nasdaq](https://static.hsstatic.net/BlogImporterAssetsUI/ex/missing-image.png) Kevin Kennedy, Nasdaq “We do not want to break new ground right now during the integration,” he added. “By in large, we are going to use the ISE rule set. Where we deviate, we will use a rule set that already exists.” Nasdaq is still developing its proposed rule changes but is in regular communications with the regulator. “We know when dealing with a regulator, communication is key,” said Kennedy. Nasdaq officials also plan to have the openings for its ISE Gemini and ISE Mercury markets to be similar to those of the Nasdaq Options Market and Nasdaq BX Options Exchange once Nasdaq completes migrating the ISE markets. “We look to give our market makers a bit of a breather on the other two exchanges to get their quotes in there fast,” he said. The next step for Nasdaq’ ISE integration will happen on September 15, when it’s slated to release the migration specifications to market participants. The exchange operator then plans to provide a migration testing platform in early December. “Those dates are on target, and things are going well,” said Kennedy. “People are working around the clock to get this done in time. And for now, it’s going well.” Kennedy’s team looks to complete ISE Gemini’s migrations sometime within the first or second quarter of 2017. The ISE and ISE Mercury should finish their migration by July 2017 and August 2017 respectively. Throughout the process, ISE participants will need to maintain their connections to the ISE markets in Equinix’s NY4 data center before moving to Nasdaq’s Carteret facility after each switchover is completed. It is an opportune time for Nasdaq to make the switch while the options market is in a doldrum, according to David Weiss, a senior analyst at industry research firm Aite Group. “Volatility is down, and volumes are down,” he said. “The market seems to be waiting for both to return, which they will with a bang.” **More on options**: - [Intercontinental Exchange Integrates SFTI and 7TICKS Networks](https://www.marketsmedia.com/intercontinental-exchange-integrates-sfti-7ticks-networks/) - [Wolverine Execution Services Expands Trader Access to CBOE Pulse Trader Workstation](https://www.marketsmedia.com/wolverine-execution-services-expands-trader-access-cboe-pulse-trader-workstation/) - [ Thomas Wittman Joins OCC Board of Directors](https://www.marketsmedia.com/%ef%bb%bf%ef%bb%bf-thomas-wittman-joins-occ-board-directors/) [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/nasdaq-preps-ise-migrations) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/nasdaq-preps-ise-migrations) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/nasdaq-preps-ise-migrations) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/EMCA-WINNERS.jpeg?width=376&height=250&name=EMCA-WINNERS.jpeg)](https://articles.marketsmedia.com/european-markets-choice-awards-2022-the-winners) Latest News ## [European Markets Choice Awards 2022 – The Winners](https://articles.marketsmedia.com/european-markets-choice-awards-2022-the-winners) On 5 June Markets Media held its first in person European Markets Choice Awards event in London. 07.06.2022 By Markets Media 2. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg?width=376&height=250&name=trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg)](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) Daily Email Feature ## [ON THE MOVE: Citi Hires Artie Ambrose; Natalie A. Brown to Mesirow](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) The weekly recap of new hires, promotions and job changes in capital markets trading and technology. 07.05.2022 By Anna Lyudvig, Traders Magazine 3. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/339299_345359258874293_1089957387_o.jpg?width=376&height=250&name=339299_345359258874293_1089957387_o.jpg)](https://articles.marketsmedia.com/summer-trading-2012-10-years-on) Latest News ## [Summer Trading 2012, 10 Years On](https://articles.marketsmedia.com/summer-trading-2012-10-years-on) A look back at a Markets Media event from a decade ago. 07.05.2022 By Traders Magazine [![MarketsMedia](https://articles.marketsmedia.com/hubfs/MarketsMedia.svg "MarketsMedia")](http://marketsmedia.com) - [About us](https://www.marketsmedia.com/about-us) - [Careers](https://www.marketsmediagroup.com/careers) - [Contact](https://www.marketsmediagroup.com/contact) - [Advertise](https://www.marketsmediagroup.com/advertise) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Corporate Site](https://marketsmediagroup.com) - © 2026 Markets Media Holdings LLC - - Terms & Conditions - Privacy Policy {{ standard\_footer\_includes }}