GL TRADE has launched the a so-called options startegy scanner, which it says can instantly simulate all possible options strategies based on the expected price/date of the underlying value and profitability criteria.
The IT company says the application can simulate more than 40 strategy types, and rank them according to profitability.
The hosted, web-based service uses an XML API to connect to a broker’s in-house trading system and client front-end. A PC version is available via leased lines or the Internet.
The application, called GL SCANNER, was launched in November 2006 in Amsterdam at Alex Beleggersbank, an online broker owned by Rabobank in the Netherlands serving 100,000 retail clients.
“We are very proud to be the first broker in the Netherlands to offer the Options Strategy Scanner to our customers,” says Marcel Kalse, Business Development Manager at Alex Beleggersbank. “Alex aims at facilitating its customers to make better choices for their investments. With GL SCANNER we offer them a unique tool with which they can pick the best options strategy from thousands of possibilities; all in a split-second and according to their own criteria. With a single click on the order button they can execute the selected options strategy immediately.”
Herbert Robijn, Managing Director of GL TRADE Amsterdam says that options investors are looking for better and more profitable options strategies. “GL SCANNER offers a unique solution in terms of simplifying the search for the best options strategy and significantly improves the quality and speed of the decision-making process,” he says.