As a part of this enhanced offering, Eze OMS clients will be able to deploy LiquidPoint’s liquidity seeking order, which provides a flexible connection to LiquidPoint’s liquidity network. Until this upgrade, the liquidity seeking order was only available via LiquidPoint’s proprietary application and infrastructure.
The new additions to options trade functionality available through the Eze OMS include strategies and order types to: route orders to a user-specified exchange or to a single exchange with the highest fill probability; intelligently slice and route orders to multiple exchanges simultaneously; partially or totally cloak orders to avoid impacting displayed exchange liquidity; intelligently send orders in waves to access liquidity at multiple price points for exchange execution; dynamically work orders at user specified price levels versus the stock and automatically execute delta hedge; and route orders into the LiquidPoint liquidity network to locate and access additional liquidity and/or price improvement.
Anthony Saliba, CEO of ConvergEx’s LiquidPoint, said: “The highlight of this offering is allowing Eze OMS users access to our broad liquidity network, which is the most active institutional matching network. LiquidPoint has been building and honing our liquidity network over the last six years and as a result, we lead the industry in crossed orders that find additional liquidity or provide price improvement.”
Rob Keller, CFA and managing director of global product management for Eze Castle Software at ConvergEx, said: “The Eze OMS is the only order management system that currently supports LiquidPoint’s full range of robust and technologically complex trading strategies. We are pleased to roll out this streamlined and intuitive interface, which gives our users the ability to deploy LiquidPoint’s powerful tools directly into their existing workflows with the ease and efficiency of a single click.”
