Global options market seeks better technology

Mon, 05 May 2008 06:59:55 -0400

The Tokyo Stock Exchange's decision to implement an options platform from NYSE Euronext's Advanced Trading Solutions unit is an eye-opener. This is a great opportunity for the NYSE. According to Securities Industry News, the TSE historically had relied on Fujitsu and other Japanese vendors. But a series of high-publicity woes seems to have pushed them to others. The NYSE and the TSE signed a tech-sharing agreement in 2007. The move certainly is a reflection of the NYSE's move to monetize its technology prowess by inking similar deals around the globe. Europe obviously is a stronghold. But Asia looms as a potentially lucrative source of new business. So the NYSE has deals in Malaysia, the Philippines and Thailand.

For more:
- here's the Securities Industry News article

Options trading tech migrates to desktop

Mon, 21 Apr 2008 06:59:54 -0400

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.

For more:
- here's the article

option technology

Global options market seeks better technology

Options trading tech migrates to desktop