Matrix Executions Transforms Proprietary Options Offering With Advanced Strategy-Customization Tool for Professional Traders
Matrix Unveils ‘Strategy Configuration Library’ Featuring 150+ User-Definable Algorithm Parameters
November 15, 2022 08:15 AM Eastern Standard Time
CHICAGO--(BUSINESS WIRE)--Matrix Executions, LLC (“Matrix”), a broker-dealer and trading technology provider specializing in listed options, announces the significant expansion of its proprietary options trading offering with the launch of the Matrix Strategy Configuration (“StratConfig”) Library.
A robust tool delivering advanced algorithm customizations, the StratConfig Library revolutionizes Matrix’s core suite of proprietary options trading strategies by introducing over 150+ user-configurable parameters for use with existing Matrix options algos. These parameters aim to address the challenges faced by industry professionals when using cookie-cutter trading algorithms.
With each configurable parameter triggering precise strategy behaviors, the StratConfig Library allows Matrix to rapidly implement extremely sophisticated, bespoke options algo functionalities that are expertly tailored to a user’s unique trading objectives.
Library parameters modify child order behaviors across many categories, including:
Timing
Pricing
Sizing
Price Discovery
Exchange Selection
Trigger Events
Transition Logic
Reject Handling
Matrix’s StratConfig Library debut follows the unveiling of several new specialized proprietary options algorithms this summer, notably:
Synthetic Spread Strategy: Allows trades with up to 16 legs against the COBs or simple books simultaneously.
Delta Strategy: Works options structures in “hidden”, “out-loud”, or “make-only” modes, and executes hedge orders against the underlying security.
Joe Corona, Chief Strategy Officer, remarked, “As former traders, we keenly understand the importance of agility and adaptation in volatile markets. This year, we elevated our offering and delivered exceptional solutions for our client’s diverse needs. We’ll continue setting our sights high in 2023.”
The StratConfig launch further bolsters a record-breaking 2022, where Matrix dedicated significant resources to cementing its position as a formidable player in the low-touch options space. Increased investments in proprietary technology yielded unprecedented growth in company market share, revenues, and clients.
CEO Jordan Naylor added, “We have 40+ years of derivatives experience and our constant focus is on bettering available trading technology. We’ve invested in architecting tools that optimize navigating market complexities, because our clients value the power of cutting-edge technology solutions rooted in simplicity.”
To learn how to leverage Matrix’s StratConfig Library for your execution objectives, please contact your dedicated Matrix representative, e-mail info@matrixexecutions.com, or call (312) 334-8000.
About Matrix Executions
Matrix Executions, LLC, is a Chicago-based agency-only broker-dealer focused on best execution and trading workflow automation. A technology-driven firm, Matrix was founded by options innovators with decades of experience in cutting-edge execution solutions. With unique industry expertise and state-of-the-art assets, Matrix delivers exceptional solutions and results to demanding institutional professionals. Matrix Executions is a subsidiary of Matrix Holding Group, LLC, and is a member of all options exchanges. For more information, contact info@matrixexecutions.com, call (312) 334-8000, or visit www.matrixexecutions.com.
Contacts
Paulina G. Brown
Director of Marketing & Business Development
pbrown@matrixexecutions.com