Options trading tech migrates to desktop

Market turmoil is a godsend for options traders. Not surprisingly, trading volume has held up well this year. In March, volume at the CBOE surged 12 percent. Increasingly, big buyside players are calling the shots, and they want more technology at their fingertips, which means they want systems from the sellside that will allow them to aggressively trade themselves, notes Traders magazine. All the sellside firms, from Goldman Sachs on down, seem enamored with new algorithmic strategies. A bunch of vendors also are cashing in. For many, this is a classic build or buy situation. ITG recently bought RedSky. BNY ConvergEx Group bought LiquidPoint. The trends in options technology are mimicking trends in equity trading. The move to penny increments will only fuel this. The bottom line: the technology arms race will continue.  

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