New Options Algos From BNY ConvergEx, UBS

Kissi, Dawn; Eggebrecht, Michael
January 2008
Securities Industry News;1/7/2008, Vol. 20 Issue 1, p6
Trade Publication
The article reports on the algorithms introduced by agency brokerage BNY ConvergEx Group and Swiss bank UBS in December 2007. The three algorithms of BNY are powered by technology from broker dealer LiquidPoint, and will allow traders to improve performance, limit market impact and manage a diverse array of options trading strategies. UBS will offer its four algorithms through its direct-market access platform for options trading. The UBS algorithms will help their clients to optimize their workflow.


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