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Convergex licenses The OptionEyes

By Finextra

Convergex, an agency-focused global brokerage and trading related services provider, is pleased to announce that it has entered into an agreement granting it an exclusive license to The OptionEyes, a front-end technology platform that helps active traders manage and trade positions in an options or equity portfolio.

The OptionEyes uses enhanced OMS technology and provides clients with flexibility in how they trade, view, and manage risk in their equity and options portfolios. Additional functionality of The OptionEyes platform includes:

  • Scanners to allow traders to pre-set or create strategies that will trade automatically or send an alert when opportunities appear in the marketplace;
  • Simple “click-through” work flow process for generating complex and single-leg orders;
  • An enhanced volatility management infrastructure.

“Convergex is excited to offer a new set of functionality and technology to our clients,” said Ben Londergan, Convergex Executive Managing Director of Options Trading and Technology. “This new software will allow Convergex to add value to both active retail and institutional clients as well as other market participants responsible for managing large portfolios of positions and who want to employ a more streamlined approach to their trading and risk management,” said Londergan.

Members of the development team who created The OptionEyes will join Convergex’s options team and Convergex anticipates the platform will be fully integrated by January 2017.

First appeared at Finextra

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