In this commentary from Convergex's Eric Noll, he reports that the tick pilot is producing expected results - such as increased trade size and more price volatility. However, he noted that one test group bears closer scrutiny amid information leakage concerns.
What asset class are you planning to expand trading into or covering in 2017?
- Fixed income
More News - Options
Chicago Board Options Exchange (CBOE) announced that its historical market data service formerly operated by Market Data Express (MDX) has migrated to CBOE Livevol Data Shop on January 6.
Dash Financial is expanding it options business by acquiring Convergex's LiquidPoint options business. The expansion is being assisted by private equity firm GTCR, which owns a controlling interest in Convergex.
Time is short for the US options industry to address its nuanced market-structure with the US Securities and Exchange Commission, according to industry participants.
Agency-based broker Convergex announced that it has entered into an agreement granting it an exclusive license to The OptionEyes, a front-end technology platform that helps active traders manage and trade positions in an options or equity portfolio.
Some major trends in the options market have been the same for a number of years. Flat volumes. Marketplace fragmentation. A bifurcation of liquidity. But at least one noteworthy development is of a more recent vintage: auctions.
Options trading volume fell precipitously in July - see just how much and why, according to the latest Tabb report.
Bats Global Markets expects to spend the remainder of 2016 focused on its U.S. options and global foreign-exchange operations, according to CEO Chris Concannon.
US listed options volume dropped on a quarterly basis despite a climbing in June to its highest levels in 10 months after a stock market swoon on the heels of the United Kingdoms decision to leave the European Union.
Bats Global Markets wants brokers to start snitching on their peers when they suspect market manipulation. Through a new initiative it likens to a neighborhood watch, Bats will encourage brokers to report suspicious price quoting and trading in its U.S. equities and options markets.
OCC, the worlds largest equity derivatives clearing organization, announced today that cleared contract volume in June increased 11 percent from June 2015, marking the second highest June for OCC cleared options contracts.
With Wolverine's Best-X Options, traders can now see the best execution for their algo options trading.
His new role starts on June 27, 2016.
BOX Options plans to start an open-outcry floor this year - Options market still has floors, an exception in modern era
Acquisition will expand service to its Global Post Trade Management Solution.
Overseas traders are gaining more access to products, including the "Fear Index."