On Point Debuts Options Sweep
The platform currently supports "vanilla" option trades, which are single-option trades that are neither tied to a stock nor in a spread, says Paul Carrozzo, a co-principal with On Point Executions. "We expect to add spread functionality sometime in the fourth quarter of this year or the first quarter of 2008," he adds.
The Sting platform does not aggregate the liquidity from the six U.S. equity options exchanges, says John Lapertosa, a co-principal with the firm. Instead, the firm brings in
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