Commentary

David Weisberger
Traders Magazine Online News

Stop the BS & Promote Real Transparency!

In this shared blog, David Weisberger says a recent WSJ article is wrong and that traders do need to purchase faster and more comprehensive market data to avoid being fined for violating "Best Execution" obligations.

Traders Poll

Is information leakage a major concern of yours when you trade?



Free Site Registration

February 1, 2013

Livevol Launches New Options Trading Platform

By John D'Antona Jr.

Livevol, a San Francisco-based vendor of equity options trading technology, has launched a new options trading system that includes a trade execution system, data and analytics tools and visual aids.

Called Livevol X, the system includes an order execution platform, similar to an equity execution management system, pre-trade and post-trade risk analyses and visual aids. The system helps market makers, prop traders and other buysiders identify trading opportunities and execute orders from a single system, said managing director Catherine Clay.

"It's a point-and-click trading platform that sits on top of our historical live database system," Clay said. "While our products are for equities and options traders, this is really geared towards our options users."

The system includes visual cues such as real-time-updated price "skew" charts and three-dimensional maps that can help traders visually identify trading opportunities. Once an opportunity is identified on a map or chart, the trader can simply click on the underlying security's price point and place an order.

The system also includes an options trade-cost analysis feature, using Livevol's historical price database to help traders evaluate the cost of their trade.

Clay added options traders can build multi-leg orders directly from desktop and access the complex order books of all exchanges. Traders are able to set size, timing and other trade variables through equity and options algorithms.

 

(c) 2013 Traders Magazine and SourceMedia, Inc. All Rights Reserved.
http://www.tradersmagazine.com http://www.sourcemedia.com/