FlexAdvantage Blog

16
May

Options Market Structure: Fragmented Reality

Some experts are debating whether the complexity of the listed U.S. options market structure is hurting liquidity providers and driving some market makers out of the business. FlexTrade’s Ivy Schmerken investigates.

20
Oct

Simplifying Complexity: Trading Complex Order Books in Options-Part 2

By Ivy Schmerken, Editorial Director Primary Challenges Traders seeking an edge in multi-leg options trades are relying on technology to navigate a complex market structure. One major challenge is that there is no linkage with regards to complex order books spread across seven US options exchange.  Hence, it’s very important to scan all the exchanges …

14
Oct

Simplifying Complexity: Trading Complex Order Books in Options-Part 1

By Ivy Schmerken, Editorial Director The appetite for multi-leg options strategies is on the rise. But this also means capturing liquidity that is fragmented across multiple options exchanges. Complex orders or spread trades allow traders to simultaneously buy or sell a number of different options in what otherwise would require separate orders. “The vast majority ...
23
Sep

Buy-Side Options Trading: Covering the Spread in Complex Order Books with Multi-Leg Strategies

As multi-leg options strategies gain traction on the buy- and sell-side, sophisticated front-end tools are essential for accessing complex order books at US options exchanges. Multi-leg orders have been around a long time, but in recent years they have moved from the trading floors to electronic systems. A complex order (or spread trade) allows an …