CHICAGO, IL--(Marketwired - May 12, 2015) - Wolverine Execution Services (WEX), a leading provider of premier technology and execution services, today announced the inclusion of options on futures trading functionality within the WEX Trading Platform (WTP). Permissioned WTP users can view options on futures market data, enter orders, and monitor executions.
"The trading of options on futures has continued to grow and gain traction with market participants increasingly using these products as part of their hedging or investment strategy," said Kevin Kernan, Director of WEX Product Development. "Adding options on futures to the WEX Trading Platform advances our goal of providing clients with an efficient, one-stop-shop for all their options trading needs."
Eligible options on futures asset classes include VIX on the CBOE Futures Exchange (CFE) and CME Group interest rate, energy, equity, commodity, FX and metals. Later this year, enhancements will be made to include options on futures within WTP's more sophisticated trading and managed order applets.
About WEX
Headquartered in Chicago, Wolverine Execution Services (WEX) is an independent broker-dealer specializing in the execution of equities, options, and futures for institutional investors. WEX offers clients multiple venues for execution, including a proprietary electronic trading platform, algorithms, direct floor access, and an agency brokerage desk. Leveraging expertise in trading technology and risk management, WEX provides clients with anonymity, superior execution, and order management, delivering innovative solutions for both technical and institutional trading styles.
Options involve risk and are not suitable for all investors. Prior to buying or selling options, customers must review a copy of the Characteristic and Risks of Standardized Options (ODD).
For more information, visit www.tradewex.com.
Contact Information:
Media Contact:
Margaret Nagle
Office: 312.884.3442
Cell: 312.925.2703