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HEAT System

Fully-customizable Workspace

The HEAT™ System, our premier options sell-side platform, gives you access to all U.S. options exchanges from a single desktop.  It supports multiple asset classes, including equity options, stocks and futures. The system also provides electronic direct market access (DMA) for order entry, routing and order management, including multi-leg and stock-contingent orders. HEAT provides instant electronic notification of a change in order status and provides real-time streaming market quotes.  A flexible, digital system with built-in advanced technology, HEAT can be easily installed in a variety of ways to suit your specific requirements – standalone, enterprise wide, white label or API interface. 

A Complete Workflow Solution

An integral feature of the HEAT System is TORCH™, an automated workflow solution designed to streamline sales-trading desk interaction.  The TORCH Solution allows a salesperson to enter and manage orders electronically and then route them to a trader or another salesperson. The system enables the user to transfer ownership of an order electronically, generate internal contra orders, and slice and send orders to an exchange for execution while holding back a portion of it.

Sophisticated Execution Tools.

ConvergEx's suite of advanced options algorithms is the key to our sophisticated options execution strategies. Our LiquidPoint sell-side solution provides powerful market sweep capabilities to address the complex nuances of the electronic options trading landscape.

The capabilities you need:

PULSE
The PULSE algorithm locates and targets liquidity across exchanges and aggressively persists orders to take available liquidity. Our proprietary routing logic allows PULSE to systematically strip away liquidity without getting caught in linkage.

HIDDEN                                                                                                                                                                                                     The HIDDEN algorithm conceals orders from the marketplace while working on a single exchange or across all exchanges. When liquidity becomes available at the user’s desired price, HIDDEN snaps up the liquidity and remains concealed until the order is filled.

RESERVE                                                                                                                                                                                                 The RESERVE algorithm breaks large orders into user-defined portions and works them on a single exchange or across all exchanges. Orders are deployed and replenished according to user-specified parameters.

DELTA PEG
The DELTA PEG algorithm represents orders based on user-defined delta and gamma boundaries. The DELTA PEG order can be posted on a single exchange or across all exchanges and can utilize the HIDDEN and RESERVE algorithms.

 

To learn more about the LiquidPoint Solution, please call LiquidPoint Sales at 312-986-2006.