I'm opening a new options account that passes on all rebates and fees to the customer. Per ISE's website, they don't charge anything for cancels as long as they are under a certain threshold or improve ISE BBO. Can anybody confirm this? Thank you. http://www.ise.com/fees $0.00 per order applies to a clearing Electronic Access Member that cancelled at least 500 Priority Customer options orders in a month for itself or for an introducing broker, for each order cancellation in excess of the total number of orders executed for itself or for such introducing broker that month. All Priority Customer options orders from the same clearing Electronic Access Member for itself or for such introducing broker executed in the same underlying symbol at the same price within a 300 second period will be aggregated and counted as one executed order for purposes of this fee. This fee shall not apply to the cancellation of options orders that improve ISE’s disseminated quotes at the time the orders were entered.
I'll check with the exchange and my broker is looking into the issue as well. After I confirm cancel fee pricing, I'll post here. Thank you for your answer.