10:20 AM
Derivix Integrates with GFG For Options Trading Solution
Derivix, a software company providing options pricing, analytics and real-time risk visualization, has now integrated with Greenmoor Financial Group (GFG), a Chicago-based introducing broker.
The integration of Derivix and GFG will provide a solution for options traders to navigate the options marketplace more efficiently. Derivix’ options pricing platform will be integrated with GFG’s proprietary technology environment enabling traders to create, analyze and execute complex trading strategies.
In a company statement, Ben Schwartz, co-founder and head of sales and marketing at GFG, said, “Our relationship with Derivix enables us to provide more comprehensive, high-touch support to active options traders. With GFG’s sophisticated trading environment and Derivix’s powerful front-end analytics and risk management platform, customers can quickly deploy best-of-breed solutions and support to capitalize on market moves ahead of the competition.”
Jonathan Weedon, CEO and co-founder of Derivix, added, “The options market is faced with more execution destinations, regulatory requirements and industry initiatives, and now more than ever technology is becoming a key differentiator for traders. Static solutions and intraday risk are not viable options anymore, and our joint solution enables traders with the tools they need at their fingertips to stay ahead of the competition and changing market dynamics. The combined services of Derivix and GFG will allow traders to focus on trading and managing risk rather than updating platforms due to changes in financial technologies.”