The International Securities Exchange (ISE) has added Volant Liquidity as a competitive market maker (CMM) on its options exchange. Volant joins ISE under its new CMM trading rights program, which will allow it to provide more liquidity, without having to post quotes in or pay for access to names not being traded.

The new CMM trading rights structure lets a market maker enter quotes in options symbols consisting of a certain percentage of industry volume. A CMM’s first trading right entitles that market maker to quote 20 percent of the industry volume and each subsequent right offers the capacity to quote an extra 10 percent of volume.

Click here for the release from International Securities Exchange.