Belzberg launches options trading platform

Source: Belzberg Technologies

Belzberg Technologies (TSX -BLZ), announced today the introduction of Deep Book, the first options trading platform that sweeps the aggregate volumes of all orders and price levels, for all options contracts trading on US options exchanges.

With the ever-growing list of options contracts now trading in pennies, Belzberg already has demand from customers who are eager to take delivery of the system.

"Deep Book is the only product on the market that allows traders to properly handle large orders in the new penny-increment options environment," said Sid Belzberg, CEO of Belzberg Technologies.

Deep Book enables transparency beyond the NBBO (National Best Bid and Offer), providing options traders with the same trading efficiencies provided by leading-edge equities trading systems. The first exchange that has provided their Depth of Market Feed for the system is the ISE. Comparable depth of market feeds from the CBOE and the other options exchanges are imminent, and will be integrated into the system as soon as they become available.

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