CHICAGO, IL — Chicago Board Options Exchange (CBOE) announced today that it is collaborating with LiquidityBook, a financial services technology company that specializes in multi-platform messaging, to expand connectivity to its CBOE PULSe trader workstation.
CBOE’s PULSe trader workstation (PULSe) is a next-generation execution management system that allows traders to simultaneously and electronically access the markets via Direct Market Access (DMA), advanced routing and high-touch broker relationships. The PULSe Execution Management System (EMS) offers connectivity to CBOE, C2 Options Exchange (C2) and CBOE Futures Exchange (CFE), as well as other equity and options exchanges in one low-cost platform. Value-add features include rule 15c3-5 risk controls, 12 leg complex orders, specialized index trading tickets and CBOE extended trading hours access.
“Our new LiquidityBook technology will not only facilitate faster workflow from start to finish for users, it will add significant value in several aspects.” – Andy Lowenthal, CBOE Senior Vice President of Business Development LiquidityBook, with expertise in designing global Financial Information Exchange (FIX) platforms, as well as its flagship Order Management System (OMS), is working with CBOE to develop and support a FIX network for CBOE’s PULSe users and their clients. This new technology expands access to the PULSe trader workstation, allowing for direct, electronic access for “upstairs” customers, both retail and institutional, to floor brokers and other PULSe users. With LiquidityBook, these customers will have the ability to send, execute and confirm orders electronically with the CBOE PULSe community.
“Our new LiquidityBook technology will not only facilitate faster workflow from start to finish for users, it will add significant value in several aspects. For example, traders can now utilize PULSe-to-PULSe routing to electronically access CBOE’s brokerage community from third party and proprietary systems,” said Andy Lowenthal, CBOE Senior Vice President of Business Development. “This increases workflow efficiency, enhances compliance reporting and improves execution quality by bridging the gap between electronic systems and the excellent open-outcry liquidity at CBOE.”
“LiquidityBook is proud to join with CBOE and we look forward to helping them increase access to brokers and other floor traders using PULSe workstations,” said Rick Goldenberg, LiquidityBook Co-Founder. “LiquidityBook is fully compatible with other technology platforms. Firms not currently connected to PULSe can now use LiquidityBook to link to CBOE.”
LiquidityBook’s unique ability to deploy its flexible, compliant and multi-asset class FIX services will allow PULSe brokers to rapidly grow their business with new and existing clients. LiquidityBook is certified with every OMS vendor for two-way FIX and drop copies reporting, offering unique advantages to PULSe brokers and their clients.
CBOE, the largest U.S. options exchange and creator of listed options, continues to set the bar for options and volatility trading through product innovation, trading technology and investor education. CBOE Holdings offers equity, index and ETP options, including proprietary products, such as options and futures on the CBOE Volatility Index (VIX Index) and S&P 500 options (SPX), the most active U.S. index option. Other products engineered by CBOE include equity options, security index options, Weeklys options, FLEX options and benchmark products such as the CBOE S&P 500 BuyWrite Index (BXM). CBOE Holdings is home to the world-renowned Options Institute, Livevol options analytics and data tools, and www.cboe.com, the go-to place for options and volatility trading resources.
LiquidityBook is a leading ASP-based provider of buy- and sell-side trading solutions, including order management, portfolio management, trading, FIX network connectivity, compliance and pre- and post-trade processing. Founded in 2005, the LiquidityBook platform is trusted by many of the industry’s most sophisticated buy- and sell-side firms globally. For more information visit www.liquiditybook.com.