Lava Offers Derivatives Trading for the Buy-Side

By Ivy Schmerken, Wall Street & Technology

Lava Trading is offering derivatives trading to its buy-side customers through its multi-broker LavaX platform.ComStock, a division of Interactive Data, is providing the options market data, which covers the complete U.S. market, while futures market data will be introduced later this year.

In the release, Joel Steinmetz, managing director, head of execution services, at Lava Trading said the new offering " is in response to growing customer demand and the increasing market need for derivatives trading capabilities."

In addition to trading listed futures and options, LavaX provides with buy-side with access to hidden liquidity, says the release. Features include integration with NYSE OpenBook, improvements for initiating and modifying orders, advanced algorithmic parameters and account allocation. Eighteen sponsoring brokers are on the platform, along with eleven algorithmic trading routes and two introducing broker relationships. Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio