Matrix Executions Unveils New ATS for US Options Trading

Matrix Executions Launches New Electronic Trading System

Matrix Executions, an agency-only broker dealer and trading technology provider, is excited to announce the launch of its innovative electronic Alternative Trading System (ATS) designed specifically for institutional investors engaging with US listed options. This new system, known as Matrix QRX ATS, aims to redefine trading practices by focusing on price improvement, enhancing liquidity, and ensuring best execution.

Key Features of Matrix QRX ATS

The Matrix QRX ATS places a strong emphasis on improving price points and liquidity characteristics. Traders can access competitive liquidity provider pricing and utilize exchange auction mechanisms with ease. This streamlined functionality not only enhances price responsiveness but also reduces trading costs, resulting in a more efficient market experience.

Enhancing Market Efficiency

Matrix QRX ATS is intelligently crafted to augment liquidity within US listed equity and index options by seamlessly connecting a broad spectrum of order flow and liquidity sources through electronic blind indications of interest (IOIs). This cutting-edge approach allows traders to interact with the market without disclosing their direction or price expectations, thus adding a layer of secrecy to the trading process.

Competitive Auction Mechanisms

Once participants engage with the ATS, liquidity providers can respond with competitive bids to the IOIs, fostering increased market depth and potentially better pricing. This system is tightly integrated within the existing Matrix algorithm suite, ensuring low latency and high reliability. The QRX ATS is designed for speed, allowing matching of interests between participants significantly quicker than standard exchange auction processes, all while minimizing impacts on routing size to exchanges.

Quotes from Leadership

Joe Corona, the Chief Strategy Officer at Matrix Executions, expressed the benefits of the ATS by stating, "With the ATS seamlessly integrated with our current technology, any algorithmic strategy can quickly engage liquidity providers through an IOI prior to executing any routing operations, whether for straightforward, complex, or tied orders."

The design features competitive auction processes for matched orders on both the ATS and the exchange levels. Matrix Executions ensures that all trades in US listed options are executed on exchanges, further increasing opportunities for price discovery and liquidity enhancement through native auction mechanisms.

Transforming Institutional Trading

According to Jordan Naylor, CEO of Matrix Executions, "Our mission is to redefine the trading experience for institutional traders. By integrating a competitive auction format, the Matrix QRX ATS caters to vital trading needs—price discovery, liquidity, and minimized trading costs. We are confident that this will significantly enhance market experiences and improve trading efficiency for our clientele."

About Matrix Executions

Matrix Executions is based in Chicago and is a dedicated agency-only broker dealer specializing in innovative trading solutions tailored for Equities and Options markets. The firm focuses on providing advanced products that enable traders to thrive in a dynamic market environment, emphasizing transparency, customization, and innovation while striving to deliver exceptional results for the institutional trading community.

Frequently Asked Questions

What is Matrix QRX ATS?

Matrix QRX ATS is an electronic Alternative Trading System introduced by Matrix Executions designed to facilitate US listed options trading.

How does Matrix QRX ATS improve trading?

The ATS enhances trading by focusing on price improvements, liquidity access, and competitive auction mechanisms that optimize market prices.

Who can benefit from Matrix QRX ATS?

This system primarily benefits institutional investors looking for advanced trading solutions in US listed options.

What makes Matrix QRX ATS unique?

Its unique blend of liquidity access, price improvement, and low latency technology distinguishes it from other trading systems.

How can I learn more about Matrix Executions?

For further details about Matrix Executions and their offerings, you can visit their official website or reach out to their sales team.

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