19 August 2017
visit www.avoka.com

Ballista begins trading as ATS

10 November 2008  |  3287 views  |  0 stock quote

New York-based broker-dealer Ballista Securities has begun live trading on its alternative trading system (ATS) for block options and delta neutral orders.

The Ballista ATS launched with an initial client base of hedge funds, proprietary trading firms, market makers and other liquidity providers.

Ballista offers anonymous, electronic access to qualified buy-side initiators and sell-side liquidity providers that trade in large block sizes.

The platform provides a rules-based forum for matching buyers and sellers of block-sized directional option and volatility/delta-neutral orders.

Users seeking liquidity can submit an order hosted for a timed auction of up to five minutes, whereby any unexecuted liquidity at the end of the auction phase will result in a direct, anonymous, negotiation between counterparties.

Trades matched on Ballista are being executed at the International Securities Exchange (ISE) or the Chicago Board Options Exchange (CBOE).

"We have been very pleased by the reactions of the options exchanges, especially the ISE and the CBOE, each of whom has been very receptive to our needs and those of our customers," says Keith Landsberg, EVP, business development, Ballista. "We are pleased to see them offer the electronic crossing mechanisms that make us a powerful ally in the fight to bring more listed options volume back to the exchanges."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bats Europe launches

Bats Europe launches

31 October 2008  |  9122 views  |  0 comments
Nordic firms to launch alternative trading facility

Nordic firms to launch alternative trading facility

25 June 2008  |  5504 views  |  0 comments
UBS launches ATS in US

UBS launches ATS in US

14 May 2008  |  5757 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8678 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7687 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6930 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6353 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6202 views comments | 11 tweets | 9 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job