This new solution instantly simulates all possible options strategies based on the clientâs expected price/date of the underlying value and profitability criteria. It simulates more than 40 strategy types and ranks them according to profitability.
The GL SCANNER Server uses a XML API to connect to the brokerâs in-house trading system and client front-end. The GL SCANNER workstation, also available, accesses the GL SCANNER Server via leased lines or Internet.
GL SCANNER was successfully launched in November 2006 in Amsterdam at Alex
Beleggersbank. Alex (part of triple A Rabobank) is the biggest Online Broker in the Netherlands serving 100,000 retail clients.
Marcel Kalse, Business Development Manager at Alex Beleggersbank says: âWe are very proud to be the first broker in the Netherlands to offer the Options Strategy Scanner to our customers. Alex aims at facilitating its customers to make better choices for their investments.
With GL SCANNER we offer them a unique tool with which they can pick the best options strategy from thousands of possibilities; all in a split-second and according to their own criteria. With a single click on the order button they can execute the selected options strategy immediately.â
Herbert Robijn, Managing Director of GL TRADE Amsterdam comments: âOptions investors are looking for better and more profitable options strategies. GL SCANNER offers a unique solution in terms of simplifying the search for the best options strategy and significantly improves the quality and speed of the decision-making processâ.