Panel: Options Gaining on Equities Automation

"Options have attributes that lend themselves very well to automated trading," says Anthony Saliba, president of LiquidPoint, an electronic options trading technology vendor that was acquired by BNY ConvergEx Group in June (DWT, June 18).

Because options, as an asset class, share similarities with equities, options trading is about two to three years behind equities trading in evolution, says Joseph Velli, CEO and chairman of BNY ConvergEx, who also spoke during the round table. This evolution

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