Convergex, an agency-focused global brokerage and trading related services provider, has entered into a strategic agreement, affording the use of The OptionEyes, one of the industry’s most widely used front-end technology platforms, according to a Convergex statement.
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The new agreement will grant Convergex an exclusive license to utilize The OptionEyes, which caters to market participants and traders managing and trading positions in an options or equity portfolio. The OptionEyes is a widely used module that relies on upgraded OMS technology – more specifically, the platform helps provides clients with a wide range of trading flexibility, with additional emphasis on risk management.
Per the new agreement, Convergex will also gain several client benefits via the deployment of The OptionEyes platform, including comprehensive scanners to allow traders to pre-set or create strategies, ‘click-through’ work flow process, and also enhanced volatility management infrastructure considerations. Convergex is targeting the full release of the platform by January 2017.
According to Ben Londergan, Convergex Executive Managing Director of Options Trading and Technology, in a recent statement on the agreement, “Convergex is excited to offer a new set of functionality and technology to our clients. 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.”