Convergex Signs Exclusive License Agreement For The OptionEyes To Assist Traders With Risk and Portfolio Management
Convergex – New York, NY – Convergex, an agency‐based global brokerage and trading related services provider, is pleased to announce 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.
The OptionEyes uses enhanced OMS technology and provides clients with flexibility in how they trade, view, and manage risk in their equity and options portfolios. Additional functionality of The OptionEyes platform includes:
Scanners to allow traders to pre‐set or create strategies that will trade automatically or send an alert when opportunities appear in the marketplace;
Simple “click‐through” work flow process for generating complex and single‐leg orders;
An enhanced volatility management infrastructure.
“Convergex is excited to offer a new set of functionality and technology to our clients,” said Ben Londergan, Convergex Executive Managing Director of Options Trading and Technology. “This new software will allow Convergex to add value to both active retail and institutional clients as well as other market participants responsible for managing large portfolios of positions and who want to employ a more streamlined approach to their trading and risk management,” said Londergan.
Members of the development team who created The OptionEyes will join Convergex’s options team and Convergex anticipates the platform will be fully integrated by January 2017.
Option exchange set to open the market's first trading floor in years.
Acquirer lands Object's DMA platform, pre-trade risk controls, and analytics applications.
Industry exec tells OCC News that growth will come from product innovation.
Combined company will offer front-office products such as market access, risk management and analytics.
12 years ago, there was concern there wasn't enough competition in the options space.