CME bolsters options trading
As part of its initiative for increasing the volume
of electronic trading for options on foreign
exchange, equity indexes and interest rates, the
CME has introduced the Certified Options
Partner Program. The program promotes collaboration
between the exchange and the market-making firms to provide
liquidity in new options contracts. The CME also plans
to integrate the Enhanced Options System for Eurodollar
options into the Globex electronic trading platform.
The following firms have committed to supporting the
CME electronic options enhancements: Actant, Credit
Suisse First Boston, Catus Technologies, FfastFill, GL
TRADE, NYFIX, Orc Software, Prime Analytics, RTS
Realtime Systems, Photon Trader, Random Walk
Consulting, and TradingScreen.
Only about three percent of the CME’s options volume is
done electronically, compared with 70 percent of overall
volume