CTO Interview SegmentToday's guest is Ben Londergan, Executive Managing Director, Options Trading and Technology at Convergex.He discusses:
Algos: The growing suite of options algos under development at Convergex including Sweep, Capital Commitment, Buywrite, Delta Neutral and much more.Reg SCI: Why is it so important and what impact will it have on the trading technology landscape.Floor vs. Tech: Bringing floor-based tech to the upstairs trading crowd. In this world of sub-second executions what value does he see the trading floor bringing to the table?And much more.Mini Y2K - Traders anxious ahead of extra second in day.Complex US options market hampers liquidity - reportWhat sector has more billionaires - finance or tech?Is the race to zero over?The Inbox: Listener questions and comments
Question from Alan Park - Why is open interest not calculated instantly? If I buy 10 puts to close, why is that not automatically reflected in the open interest displayed by the exchanges? Is it not outdated to update such an important metric only once a day?Question from Elly Sanders - We have dark pools in stocks. They do most of the volume on some days. Why do we not have them in options? Will that ever change?