- Allows for Two-Way Order Sending, Messaging
- Creates Efficiency in Execution, Clearing and Compliance
CHICAGO, IL -- March 7, 2016 -- Chicago Board Options Exchange® (CBOE®) announced today that it has joined with Bloomberg to establish direct connectivity between CBOEs PULSe trader workstation® (PULSe) and Bloombergs Execution Management System (EMSX), which can be accessed through the Bloomberg Professional service.
The linkage between CBOE and Bloomberg expands access to the PULSe trader workstation, allowing Bloomberg EMSX users to send, execute and confirm orders electronically with CBOE floor brokers and other PULSe users.
CBOEs PULSe trader workstation is a next-generation execution management system that allows traders to simultaneously and electronically access the markets via Direct Market Access (DMA), advanced routing and high-touch broker relationships. The PULSe Execution Management System (EMS) offers connectivity to CBOE, C2 Options Exchange (C2) and CBOE Futures Exchange (CFE®), as well as other equity and options exchanges in one low-cost platform. Value-added features include Rule 15c3-5 risk controls, 12 leg complex orders, specialized index trading tickets and CBOE extended trading hours access.
Bloombergs EMSX is a sophisticated, broker-neutral trading tool that allows users to route orders seamlessly to over 6,000 broker-dealer destinations, including algorithmic suites. EMSX integrates news, indications of interest and real-time market and portfolio analytics into a customizable workspace so that users can monitor execution quality and improve trading decisions and performance from pre-trade through post-trade.
We are pleased to join with Bloomberg to establish direct connectivity between EMSX and our PULSe trader workstation, said Andy Lowenthal, CBOE Senior Vice President of Business Development. More than 17,000 EMSX users will now have the ability to electronically link directly to the CBOE PULSe community, creating greater efficiency in trade execution and compliance management. Additionally, EMSX users will be able to electronically access the excellent open-outcry liquidity in CBOEs SPX and VIX options.
About CBOE
CBOE, the largest U.S. options exchange and creator of listed options, continues to set the bar for options and volatility trading through product innovation, trading technology and investor education. CBOE Holdings offers equity, index and ETP options, including proprietary products, such as options and futures on the CBOE Volatility Index (VIX Index) and S&P 500 options (SPX), the most active U.S. index option. Other products engineered by CBOE include equity options, security index options, Weeklys options, FLEX options and benchmark products such as the CBOE S&P 500 BuyWrite Index (BXM). CBOE Holdings is home to the world-renowned Options Institute, Livevol options analytics and data tools, and www.cboe.com, the go-to place for options and volatility trading resources.
About Bloomberg
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The companys strength -- delivering data, news and analytics through innovative technology, quickly and accurately -- is at the core of the Bloomberg Professional service, which provides real time financial information to more than 327,000 subscribers globally. For more information, visit www.bloomberg.com/company or request a demo.
The Bloomberg Professional service is owned and distributed by Bloomberg Finance L.P. and its affiliates.
CBOE-OE
CBOE®, Chicago Board Options Exchange®, Execute Success®, CFE®, PULSe trader workstation®, FLEX®, Livevol®, CBOE Volatility Index® and VIX® are registered trademarks, and CBOE Futures ExchangeSM, BuyWriteSM, BXMSM, The Options InstituteSM and WeeklysSM are service marks of Chicago Board Options Exchange, Incorporated (CBOE). C2SM and C2 Options ExchangeSM are service marks of C2 Options Exchange, Incorporated (C2). Standard & Poor's®, S&P® and S&P 500® are registered trademarks of Standard & Poor's Financial Services, LLC and have been licensed for use by CBOE. All other trademarks and service marks are the property of their respective owners.
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