Lime Brokerage, an independent high-volume agency broker and leading provider of high-throughput, low-latency technologies to the professional trading community, has launched comprehensive, high-speed options execution.
This latest offering complements its market leading high-speed equities and futures trading capabilities.
Built upon the innovative, patent-pending technology that Lime has developed for the U.S. equities markets, the solution is fully integrated with Lime's ultra-low latency CitriusTM options data. The high-speed offering aggregates data, execution, pre-order risk controls and clearing/reporting into a single platform.
Developed to address the growing need by high-volume traders for ultra-low latency options trading and data, the Lime options offering reduces through-box latency to low double-digit microseconds (1/1,000,000th of a second). This represents a significant reduction in latency over existing solutions, thereby ensuring that options traders receive optimal prices and fills.
Available options exchanges are BATS Options (BATS), Boston Options Exchange (BOX), Chicago Board Options Exchange (CBOE), International Securities Exchange (ISE), Nasdaq OMX Options (NOM), Nasdaq OMX PHLX (PHLX), NYSE Amex Options (AMEX) and NYSE Arca Options (ARCA).
Lime clients can directly access the options markets by co-locating within Lime's data center in Jersey City. The data center employs dark fiber connectivity directly to venues and leverages Lime's patent-pending hardware and software infrastructure that is engineered to ensure speed, throughput and high availability.
Jeff Wecker, President and CEO of Lime Brokerage states that "an increasing variety of trading strategies now require the lowest data and execution latency to maximize options trading opportunities and improve execution quality."
"What happened in the equities space is now occurring in options, and those traders still using older, slower, screen-based technologies are being marginalized by more competitive traders leveraging the most up-to-date tools and technologies available."