Matrix Executions Achieves Record Equity Options Volumes; Growth Predicated on Sustained Client Focus

CHICAGO--Matrix Executions, LLC ("Matrix"), a broker-dealer specializing in trading workflow automation for options markets, today announced record 2022 Q1 and Q2 volume in their low-touch options execution business, along with an enhanced offering of specialized execution algos. In the first half of 2022, Matrix achieved:

An all-time high in option volume and market share in Q2, in June, and in the first half of 2022;

• A 138% increase in options volume compared to 2021 Q1; and

• More than double its 2021 options market share.

“Our record first half of the year is a direct result of our singular focus on helping clients achieve their trading objectives,” said Jordan Naylor, CEO of Matrix. “While I consider our market acumen and technology offering outstanding, we achieve little if we don’t put our clients first. We’ve done that well and will continue to do so.”

In the first half of 2022, Matrix also enhanced its low-touch offering with specialized algos, including:

• TWAP: Enables "smart" scheduled orders for simple and complex orders with embedded price discovery logic.

• SCRAPE: Combines price discovery and fee sensitivity.

• Crossing algo enhancements:

  • Auto QCC

  • Maximize Touch Rate

  • Minimize Touch Rate

• SYNTHETIC SPREAD: Allows trades up to 16 legs against the COBs or simple books simultaneously.

• DELTA: Works options in hidden, out loud, or make-only modes against the underlying security.

Joe Corona, Chief Strategy Officer, added, “The U.S. options markets are the most sophisticated in the world and, as such, we work every day to deliver the algorithms and an overall technology suite that will help clients participate at an equally sophisticated level. In the back half of 2022, Matrix will continue to provide further enhanced execution quality and liquidity access through our market-leading suite of customizable options execution algos.”

Matrix also invested in its growth by hiring eight new full-time staff members to better support its expanding client base. In April, Matrix moved into a newly designed office space in the iconic Chicago Board of Trade building.

To learn more about how Matrix can improve your infrastructure and execution quality, contact info@matrixexecutions.com or call (312) 334-8000.