A new institutional equity options platform from 3-D Markets
is provoking a discussion on how the industry can better address the needs of
institutional traders.
Dave Mortimer, chairman and CEO of 3-D Markets, told FO Week
that his new off-exchange options trading platform, Archangel, is designed to
bring in institutional securities traders, hedge funds and market markers
together in a liquid, but anonymous way. In doing so, he aims to address what
is considered by some as a problem for big firms, which is the information
leakage that often leads to damage to their stock or options positions.
“The goal is to let the people who are best at pricing
options deal directly with these guys,” Mortimer said, adding that such a
concept already exists in...