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.

BNY ConvergEx Group’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:

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

Shark
The Shark 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, Shark snaps up the liquidity and remains concealed until the order is filled.

Angler
The Angler 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.

Pilot*
The Pilot algorithm represents orders based on user-defined delta and gamma boundaries. The Pilot order can be posted on a single exchange or across all exchanges and can utilize the Shark and Angler algorithms.

Volare*
The Volare algorithm enables users to access proprietary option pricing models to generate orders based on implied volatility rather than on price. Once placed, Volare orders are then dynamically managed to reflect the user’s implied volatility inputs. Volare orders can be posted on a single exchange or across all exchanges, or can utilize the Shark and Angler algorithms.

*In Beta

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