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111 Great Neck Road suite # 314
USA
Great Neck
US

Location Office Head Office

111 Great Neck Road, STE 314
Great Neck
NY
US

Telephone

5163043605

Contact

Richard McGraw
[email protected]
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FLEXTRADE OPENS OFFICE IN CHICAGO

FlexTrade Systems, Inc., a global leader in broker-neutral, multi-asset algorithmic trading systems, today announced the opening of a field office in Chicago. Located at 200 South Wacker Drive, the office will be managed by Ted Bilharz, who recently joined the company as Vice President, Options Sales, after a nearly thirty year stint on the floor of the Chicago Board Options Exchange (CBOE).

“Considering the growth of algorithmic trading in the derivatives market, it was only natural that we would establish a physical presence in a primary hub such as Chicago,” said Vijay Kedia, President and CEO of FlexTrade. “As such, Ted’s background and experience with the CBOE makes him the ideal choice to spearhead our efforts in this area.”

As head of the Chicago office, Bilharz is primarily charged with expanding the reach of FlexOPT, the company’s algorithmic options trading solution, which is currently used by leading sell-side institutions for principal and agency trading, as well as leading buy-side institutions and hedgefunds. Some of the features offered by FlexOPT include:
• One-click trading for single or multiple options as well as multi-leg trading strategies.
• In-bound FIX interface for DMA or algorithmic orders.
• Integrated smart routing, sweeping.
• Real-time Greeks calculations with discrete or continuous pricing models (Black-Scholes, Binomial, Adesi-Barone-Whaley or a client's own convexity model).
• Rules-based strategies that provide algorithmic executions and automated market making with real-time risk control.
• Full integration with the FlexTRADER , FlexFX and FlexFutures trading solutions, giving traders the ability to trade across multiple asset classes.