SpiderRock Embeds ATS Auctions in Its Options Execution…
By Rick Steves
AI summary of the source article
SpiderRock EXS has launched an options execution algorithm suite that integrates US listed options exchange routing with SpiderRock ATS off-screen liquidity. Institutional clients can access the workflow via FIX-connected third-party OMS/EMS platforms or SpiderRock Connect.
Why it matters
The suite puts existing exchange routing and ATS auction capabilities into one workflow, "addressing an institutional split between electronic orders and manually negotiated blocks."
Key facts
- SpiderRock EXS launched an algorithm suite combining exchange routing with off-screen liquidity through SpiderRock ATS.
- The suite features 100-millisecond Flash Auctions for any order size and Block Auctions of up to 10 minutes for orders of 50 contracts or more.
- SpiderRock Connect and its ATS originally launched in November 2024.
Source excerpt · FinanceFeeds
SpiderRock EXS has launched an options execution algorithm suite that combines routing across US listed options exchanges with access to off-screen liquidity through SpiderRock ATS. Institutional clients can submit orders through third-party order and execution management systems using FIX or trade through SpiderRock Connect. The suite puts existing exchange routing and ATS auction capabilities in…