On June 23, the International Securities Exchange, LLC (ISE) issued Regulatory Information Circular 2009-179 answering frequently asked questions regarding SR-ISE-2006-26, which calls for the designation of certain orders as either “Priority Customer Orders” or “Professional Orders.” The topics discussed include: counting specific order types, non-member customers with multiple beneficial accounts, aggregation of accounts and handling professional customers. The Information Circular clarifies that SR-ISE-2006-26 becomes effective on October 1, although firms will be given five business days from this date to make any necessary changes to properly identify Professional Orders.

Click here to read Regulatory Information Circular 2009-179.