GL TRADE has launched the first Options Strategy Scanner, a hosted server-based application designed to simulate all possible options strategies based on the client’s expected price/date of the underlying value and profitability criteria. GL TRADE says that the application simulates more than 40 strategy types and ranks them according to profitability.
The GL SCANNER Server uses a XML API to connect to the broker’s in-house trading system and client front-end. The GL SCANNER workstation, also available, accesses the GL SCANNER Server via leased lines or Internet.
“We are very proud to be the first broker in the Netherlands to offer the Options Strategy Scanner to our customers,” says Marcel Kalse, the Business Development Manager at Alex Beleggersbank. “Alex aims at facilitating its customers to make better choices for their investments. With GL SCANNER we offer them a unique tool with which they can pick the best options strategy from thousands of possibilities; all in a split-second and according to their own criteria. With a single click on the order button they can execute the selected options strategy immediately.”
“Options investors are looking for better and more profitable options strategies,” adds Herbert Robijn, the Managing Director of GL TRADE Amsterdam. “GL SCANNER offers a unique solution in terms of simplifying the search for the best options strategy and significantly improves the quality and speed of the decision-making process”.