Wolverine Execution Services (WEX) is now offering traders the opportunity to execute options on futures contracts.
WEX, an independent broker-dealer and technology provider, now let’s traders engage in strategies using these derivatives via its WEX Trading Platform (WTP). Permissioned WTP users can view options on futures market data, enter orders, and monitor executions.
“The trading of options on futures has continued to grow and gain traction with market participants increasingly using these products as part of their hedging or investment strategy,” said Kevin Kernan, director of WEX Product Development. “Adding options on futures to the WEX Trading Platform advances our goal of providing clients with an efficient, one-stop-shop for all their options trading needs.”
Eligible options on futures asset classes include VIX on the CBOE Futures Exchange (CFE) and CME Group interest rate, energy, equity, commodity, FX and metals. Later this year, enhancements will be made to include options on futures within WTP’s more sophisticated trading and managed order applets.
WEX is headquartered in Chicago.
