Derivix, a provider of options analytics ad pricing tools, is to offer its clients access to the derivatives execution and routing technologies of LiquidPoint, the options division of agency brokerage BNY ConvergEx.
Under the agreement, the two firms’ mutual institutional options trading clients will be able to use Derivix’s options pricing, analytics and real-time risk tools in combination with LiquidPoint’s electronic execution platform, which offers tools, order execution and customer support. The deal will give traders access to LiquidPoint’s liquidity network, which the firms say will increase their ability to access options liquidity and potential to achieve price improvement.
The Derivix analytics application allows users to conduct complex option simulations with live pricing spread liquidity, Greeks analysis and ‘what-if’ volatility skew analysis.
“Working with Derivix enables us to add comprehensive, high-performance analytics tools that give customers the power to evaluate and act on market opportunities as they happen,” said Daniel Rooney, managing director of business development and sales at LiquidPoint, in a statement.