ConvergEx, an agency broker and trading technology provider, has integrated access to the latest options execution and routing technologies from its LiquidPoint derivatives broking subsidiary into its Eze OMS order management system.
Clients will be able to access LiquidPoint options strategies directly from the Eze OMS blotter.
The highlight of the update, according to ConvergEx, is the ability for Eze OMS clients to access LiquidPoint’s Liquidity Seeking Order, which connects to LiquidPoint’s liquidity network and was previously only available through the derivatives broker’s proprietary application and infrastructure.
“LiquidPoint has been building and honing its liquidity network over the last six years and as a result, we lead the industry in crossed orders that find additional liquidity or provide price improvement,” said Anthony Saliba, chief executive officer of ConvergEx’s LiquidPoint, in a statement.
As well as access to the liquidity network, the latest additions to the Eze OMS’s options trade functionality include: strategies and order types to route orders to a user-specified exchange or a single exchange with the highest fill probability; intelligently slice and route orders to multiple exchanges simultaneously; partially or totally cloak orders to avoid impacting displayed exchange liquidity; intelligently send orders in waves to access liquidity at multiple price points for exchange execution; and dynamically work orders at user specified price levels versus the stock and automatically execute delta hedge.