pegged option orders

Discussion in 'Trading Software' started by bear ass, Sep 4, 2011.

  1. bear ass

    bear ass

    Been out of the market for a few years. Is there an easy way to enter pegged option orders these days? Any firms have this in their platform? If it still must be programmed, anyone have any advice? Thanks in advance!
     
  2. rmorse

    rmorse ET Sponsor

    We do. We offer Instinet's platform called TradeSpeed. Instinet has a suite of option algos called "Cobra Options Suite." Here are some options:

    Cobra Passive:
    Only pegs to the passive side of the market on randomized
    destinations and will not sweep at all. Users can choose to
    display all or part of their order.

    Cobra Delta Peg:
    Adjusts a floating limit based on the delta-weighted price
    movement of the underlying equity. Both firm and floating
    limits can be applied simultaneously.
     
  3. bear ass

    bear ass

    thanks very much for your reply. which firm do you represent?
     
  4. rmorse

    rmorse ET Sponsor

    Victor Securites. We sponsor the option forum.
     
  5. bear ass

    bear ass

    thanks again. i'll read through your site before asking more questions.