On January 25th, the SEC provided notice of the International Securities Exchange's proposal to establish a new class of market participant for index options traded on the Exchange called Index Options Primary Market Makers and Index Options Competitive Market Makers, collectively referred to as IXMMs. IXMMs will trade on the Exchange pursuant to a trading license. Comments should be submitted within 21 days after publication in the Federal Register, which is expected during the week of January 31. SEC Release No. 34-63761.