FTEN's VelocityXpress Gains Options Support
"While we added options support, VX isn't designed to be an options-trading platform. We added it to offset equity positions," says Marie Giagrande, a product marketing spokesperson at FTEN.
As part of the support, the vendor has added a number of options-oriented pre-trade risk checks to the platform's existing 40 pre-trade checks for equities. "They are the basic greeks," says Giagrande.
The vendor stresses the importance of pre-trade risk checks for prime brokers since a trading blackbox could
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