The TAO of Amex

EXCHANGE TECHNOLOGIES

The American Stock Exchange (Amex) last week launched Total Access Options (TAO), which displays quotes and can execute trades on all five US options exchanges.

The system, built by Chicago-based First Traders Analytical Solutions and based on its Market Window product, displays real-time, executable quotes from Amex, the Chicago Board Options Exchange, International Securities Exchange (ISE), Pacific Exchange and Philadelphia Stock Exchange.

The screen shows the strike price for the underlying

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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