CBOE Partners with LiquidityBook To Expand Service Offering for Traders
- The options exchange and the financial information exchange platform provider join forces to expand connectivity for traders.
Chicago Board Options Exchange (CBOE) has announced in a statement that it has struck a partnership deal with LiquidityBook, a fintech provider, to expand connectivity for traders using PULSe workstation.
CBOE’s PULSe Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term management system provides simultaneous electronic access to markets, utilizing Direct Market Access (DMA), advanced routing and high touch broker relationships, the company said.
Faster workflows, added value
LiquidityBook will bring into the partnership its expertise in designing financial information exchange platforms. It is the creator of a proprietary Order Management System (MS), its flagship product. In its collaboration with CBOE, LiquidityBook will develop and support a financial information exchange network, specifically designed for the users of CBOE’s PULSe and their clients.
PULSe opens up to new users via LiquidityBook
Commenting on the news, Andy Lowenthal, Senior Vice President of Business Development at CBOE, said: ““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. This increases workflow efficiency, enhances compliance reporting and improves execution quality by bridging the gap between electronic systems and the excellent open-outcry Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term at CBOE.”
LiquidityBook co-founder Rick Goldenberg said: ““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. LiquidityBook is fully compatible with other technology platforms. Firms not currently connected to PULSe can now use LiquidityBook to link to CBOE.”
Chicago Board Options Exchange (CBOE) has announced in a statement that it has struck a partnership deal with LiquidityBook, a fintech provider, to expand connectivity for traders using PULSe workstation.
CBOE’s PULSe Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term management system provides simultaneous electronic access to markets, utilizing Direct Market Access (DMA), advanced routing and high touch broker relationships, the company said.
Faster workflows, added value
LiquidityBook will bring into the partnership its expertise in designing financial information exchange platforms. It is the creator of a proprietary Order Management System (MS), its flagship product. In its collaboration with CBOE, LiquidityBook will develop and support a financial information exchange network, specifically designed for the users of CBOE’s PULSe and their clients.
PULSe opens up to new users via LiquidityBook
Commenting on the news, Andy Lowenthal, Senior Vice President of Business Development at CBOE, said: ““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. This increases workflow efficiency, enhances compliance reporting and improves execution quality by bridging the gap between electronic systems and the excellent open-outcry Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term at CBOE.”
LiquidityBook co-founder Rick Goldenberg said: ““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. LiquidityBook is fully compatible with other technology platforms. Firms not currently connected to PULSe can now use LiquidityBook to link to CBOE.”