The International Securities Exchange (ISE) will roll out the Qualified Contingent Cross (QCC) order type. The new option order, which will be meant for large institutional orders, will allow investors to carry out large options trades that are linked to a stock transaction. The order type will let ISE’s members cross at least 1,000 contracts without exposure to other participants and is priced equal to or better than the national best bid or offer. QCC orders are available for both single and multi-legged options orders through PrecISE, FIX and API connections.

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