As a Signature Partner in the program, Derivix's options pricing, analytics and risk visualization capabilities are seamlessly integrated into the GSET REDIPlusÂ® multi-broker execution management platform. Through this turnkey offering, REDIPlus clients benefit from Derivix's advanced analytics front end, while Derivix clients benefit from GSET's advanced options algorithmic offerings and the breadth of the REDIPlus platform.
With the growing demand for electronic options trading, leading traders need tightly integrated real-time analytic and execution solutions that enable them to take advantage of exploding market opportunities. With Derivix's robust solution for real-time analytics and pricing, traders have the technological power they need to maintain their edge in the rapidly evolving electronic options marketplace.
âThe snowball effect of electronic options trading is just beginning,â according to Kevin McPartland, senior analyst, TABB Group. âBased on our conversations with leading options market participants, by 2010 two-thirds of all buy-side options trading will be conducted electronically.â
Using the joint solution, clients can access GSETâs options algorithms from within the Derivix trade ticket that features real-time risk visualization directly built in. Traders can run real-time simulations and pre-trade analyses leveraging the superior accuracy of Derivixâs proprietary âvolatility timeâ options pricing model and then route orders to GSET.
"Without modern, high-performance solutions, options traders would be challenged to fully capitalize on the market volatility and tremendous change we are witnessing in the options industry today," said Michael Barrett Stern, co-founder and chief strategy officer of Derivix. "To address these needs, Derivix provides options traders with the speed, analytic accuracy and flexibility they need to visualize and execute winning trades ahead of their competition.â