Wednesday, April 29, 2009

Tethys adds new options features to EMS

Trading software and analytics provider Tethys Technology has added a new module for options auto-quoting and centralised, risk-managed trading to its Execta execution management system (EMS).

According to Tethys, the module allows users to take advantage of market opportunities instantaneously in an automated fashion and manage risk on large portfolios of options.

“Increasing market data rates and fast-moving, fragmented markets have made managing options orders and hedges a significant challenge. Execta options spread trading and auto-quote strategies allow managers and traders to automate this process to improve execution performance and lower risk”, said Nitin Gambhir, CEO of Tethys in a statement. “In addition, our options portfolio module provides the ability to monitor all the greeks and trade vega and delta exposures in a unique manner that enhances execution efficiency and reduces risk.”

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