Pivot, the provider of the collaboration and liquidity management products Pivot 360 and Instant Markets, announced the availability of Instant Markets for the USD 5 trillion equity options market.
Pivot’s open, global platform directly increases the revenue and profitability of capital markets customers by organizing and filtering fragmented equity options liquidity and enabling integration of associated market data with other applications such as pricing engines, middle and back office applications, and tick databases.
Growing volumes combined with decimalization, electronic platforms, and smaller order sizes are making it increasingly difficult to locate and execute liquidity in the institutional equity options market.
Instant Markets directly addresses this problem by transforming existing text-based liquidity into electronic data. Once in electronic form, users can focus on relevant deals more quickly through shared and filtered market data screens that seamlessly integrate with related trading applications while eliminating unnecessary noise. As a result, Instant Markets users find, analyze, and process existing fragmented liquidity much faster and more accurately.
Trading desks gain the clear view and speed associated with electronic trading without requiring counterparties to change their workflow. Instant Markets automatically populates Microsoft Excel and 3rd-party pricing and volatility models.
“We price markets four to five times faster with Pivot than before, giving us a clear advantage in a fast moving market,” says Bud Nagle of Lindamar Capital. “Plus, we were really impressed with their customer service and responsiveness.”
L.D.