DASH Financial Technologies has launched a newly redesigned order management system (OMS) built specifically for traders with options-centric workflows.
DASH OMS will support all US listed-option products, including single-leg, spreads and crossing orders as well as inbound and outbound FIX connectivity to third party system.
In addition, it will offer all the firm’s routing and algorithmic execution tools, including the SENSOR suite, DASH ATS and an integrated volatility trading suite.
Users will be able to manage their execution needs through accessing pre- and post-trade tools — including DASH360’s trade allocations module, 15c3-5 risk controls and various reporting solutions while straight through processing will be enabled through integration with its BrokerPoint network
The company said that integration with DASH360’s analytics and visualisation tools will provide complete transparency into an order’s lifecycle on a pre-trade, real-time and post-trade basis.
“With the explosive growth of options these past few years, we’ve heard from more and more firms looking for us to further expand the suite of highly tailored solutions we offer,” said David Cross, co-head of options at DASH.
He added, “The introduction of DASH OMS augments our industry-leading routing, analytics, connectivity and post-trade products to gives clients an important new tool for their options trading workflows. If you’re serious about trading options, this is a system that should be on your desktop.”
According to Options Clearing Corp (OCC), US listed options volumes have grown dramatically with the latest figures showing cleared option contract volume hitting nearly 10 billion contracts in 2021, a 32.2% increase versus 2020, which itself was a 52.4% hike over 2019.
The launch follows DASH’s acquisition by ION Group from private equity firm Flexpoint Ford last June. It is now under the umbrella of ION’s markets division which offers trading automation, analytics and innovation across the lifecycle of a trade.
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