Wolverine Execution Services (WEX) announced today that it has established direct connectivity between the Chicago Board Options Exchange (CBOE) PULSe Trader Workstation (PULSe) and the WEX Trading Platform (WTP). WEX clients will now have the ability to electronically send orders and receive executions that have been routed to the CBOE PULSe Trader Workstation through WTP.
CBOE’s PULSe Trader Workstation is a next-generation execution management system that allows traders to simultaneously and electronically access the markets via Direct Market Access (DMA), advanced routing and hightouch broker relationships. The PULSe Execution Management System (EMS) offers connectivity to CBOE, C2 Options Exchange (C2) and CBOE Futures Exchange (CFE), as well as other equity and options exchanges in one low-cost platform. Value-added features include Rule 15c3-5 risk controls, 12-leg complex orders, specialized index trading tickets and CBOE extended trading hours access
“At WEX, we pride ourselves on our extensive connectivity to the markets and are continually evolving our offering in an effort to provide tools that reduce risk and deliver a better audit trail for client orders,” said Troy Googins, Head of Product and Business Development at WEX. “Establishing a direct link to PULSe provides WTP clients with a more efficient and reliable way to communicate with WEX and other CBOE floor brokers.”
The WEX Trading Platform (WTP) gives traders the tools they need to customize their ultimate trading environment using modular trading applets for equity, options and futures trading. WTP provides award winning functionality and flexibility by providing institutional traders with advanced market data, order entry, position management and execution tools across asset classes. WTP applets make it quick and easy to load, adjust, and route multi-asset lists of securities, hedge positions and trade volatility.
“We are pleased to join with WEX to establish a link that further expands access to our PULSe trader workstation,” said Andy Lowenthal, CBOE Senior Vice President of Business Development. “The connectivity between CBOE’s PULSe trader workstation and WEX’s trading platform will allow WEX customers to electronically link to CBOE’s floor broker and PULSe community, creating greater efficiency in order routing, execution and confirmation.”