Pipeline Trading Systems has integrated Blind Bid Options Cross (BBOX) for block options trading into its Pipeline order control system.
The system also now offers the Options Liquidity Optimizer, which quantifies the aggregate risk of each block option order and assigns the trade to one of three different auction methodologies.
Each user can customize the selection criteria for control over the search for block options liquidity. In addition, BBOX will also now accept Multi-Leg options orders.
David Mortimer, Managing Director of Equity Options at Pipeline, said in a statement, “This new capability demonstrates Pipeline's commitment to providing its customers with the best tools for their trading needs. Through the integration of the BBOX system we have added a significant customer-driven enhancement. The initial feedback from buy-side clients has been positive and we are now ready for general deployment to our customer base and new clients.”