Trading technology provider Fidessa has added US options trading capabilities into its EMS Workstation execution management system (EMS).
The addition means users of EMS Workstation will be able to trade US options at high speed directly from redesigned options matrix and market depth views. The new options functionality also offers clients the ability to use electronic trading tools such as direct market access, smart order routing and options algorithms, as well as support for care orders.
“The US options functionality is a key development for the product as it enables clients to trade both US equities and options from a single platform,” said Martin Hakker, executive vice president, marketing for Fidessa in North America. “This allows them to reduce the total cost of ownership of their trading technology, while still remaining competitive.”
Fidessa’s EMS Workstation is a broker-neutral system that provides access to over 130 execution venues and 530 brokers globally. Market data for all seven options exchanges can be accessed using the level two and options matrix controls.
“In the last year alone, the number of EMS buy-side to broker trading relationships has increased by 60% thanks to the combination of enhanced functionality and cost-effectiveness,” added Russell Thornton, EMS product manager, Fidessa.