Quantitative Brokers Offers Best-Ex Algos on CBOE
The broker-dealer will focus on CBOE Futures Exchange's Volatility Index (VIX) futures.
Specifically, QB will focus on offering its buy- and sell-side clients best execution algorithms for CFE's Volatility Index (VIX) futures.
VIX futures contracts, which are based on equity index options traded through CBOE, have limited traction for algorithmic offerings due to their non-standard structure, according to the release.
QB already has multi-market data feeds in place that include real-time options pricing. These algorithms will not only see the VIX futures, but the underlying options as well.
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