Enhanced efficiency

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 management system provides simultaneous electronic access to markets, utilizing Direct Market Access (DMA), advanced routing and high touch broker relationships, the company said.

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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.

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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 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.”

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