Which is why placing a trackable electronic order has so much appeal. Well, this is all changing dramatically. We're already starting to see it. This is big news. The ISE will be the first fully-electronic U.S. options exchange.
Stock traders know all about Island.
Wow, talk about fast - near instant execution when you hit the bid and the ability to see the market moving in real time. The ISE looks to bring that same type of electronic order matching to options trading. They are currently working on developing the consortium of brokers who will provide the order flow. And sure, it will take a bit of time to get the number of options and volume to the degree we'd all want to see it. But, this is exciting news for option traders and they expect to start their rollout in June of 2000.