BOSTON, Jan. 30, 2019 (GLOBE NEWSWIRE) -- Luminex Trading & Analytics LLC, a buy side-owned trading venue delivering efficient, low-cost block executions, today announced the launch and rollout of “Luminex 2.0”, a new user interface for its unique buy side-only trading venue.
The enhancements represent a significant upgrade to the platform and were developed in consultation with clients to simplify workflows and create a more intuitive overall experience. The more flexible user interface enables traders to customize their workspace with more than 50 performance, cost and execution data points.
Built on OpenFin technology, Luminex 2.0 works seamlessly with other trading and financial services applications and is designed to make implementations of future enhancements easier, with minimal disruption to users and support resources.
Beyond the improvements to a trader’s workflow, Luminex 2.0 delivers new “community-level” capabilities that allow traders to see their individual and firm key performance indicators (KPIs) and their rank across the Luminex community. While all activities remain anonymous, Luminex users can now compare their own performance, and their firm’s performance, against that of their peers. These metrics include:
- Orders per day
- Average attempted quantity
- Average print size
- Fall-down rate
- Shares traded
- Notional value traded
“Luminex is as much a community as it is a trading venue,” said Jonathan Clark, Luminex Chief Executive Officer. “The new stats view allows traders to see where they fit within the overall community. And this upgrade is a result of listening to the community of traders and investing in our platform in a way that specifically responds to their needs. Luminex 2.0 empowers us to further fulfill our mission to help the buy side find natural block liquidity in a safe and efficient trading environment.”
“We are thrilled to add Luminex to our list of partners and help it build the tools that enable its community to source liquidity and trade efficiently and securely,” said Mazy Dar, OpenFin Chief Executive Officer. “With Luminex setting the standard in block execution, and so many of their clients already using OpenFin, we know this integration will only enhance the power of both platforms.”
Added David Hagen, Head of Product at Luminex, “Our commitment to providing a powerful and flexible trading desktop for our users made OpenFin a natural fit for us. The Luminex 2.0 interface is more visual than before; it’s intuitive, simple and clean while being more powerful than previous versions. We’re excited about these enhancements to the user experience.”
Luminex celebrated its 3-year anniversary in November 2018 and is fulfilling its promise as a dedicated buy-side owned and operated block trading destination. Luminex’s average natural block trade size of 30,000 to 40,000 shares is typically among the leaders in FINRA’s 10k block trading category1.
About LuminexLuminex Trading & Analytics LLC is an independent trading venue that offers low-cost trading and superior execution quality with minimal information leakage by interacting only with venue-approved participants. Luminex’s collaborative approach intends to improve trust, liquidity and control, helping buy side traders execute large block trades with little market impact. The company was formed by and is guided by a consortium of nine leading investment managers – BNY Mellon, BlackRock, Capital Group, Fidelity Investments, Invesco, J.P. Morgan Asset Management, MFS Investment Management, State Street Global Advisors, and T. Rowe Price. For more information, visit www.luminextrading.com.
Luminex Trading & Analytics LLC
157 Seaport Boulevard, Suite P-3
Boston, MA 02210
Member, FINRA/SIPC
1Source: https://otctransparency.finra.org