PHLX Opens Up Options Platform
EXCHANGE TECHNOLOGIES
PHILADELPHIA—Market makers on the Philadelphia Stock Exchange (PHLX) now have the ability to stream price quotes and electronically access the trade book on the exchange’s PHLX XL electronic options trading platform, the exchange announced last week after receiving final approval from the U.S. Securities and Exchange Commission (SEC).
"The system is designed to produce competitive pricing and deep liquid markets while focusing on speed of execution," says William Morgan, vice president and CIO of
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