Nexa Technologies and CBOE Expand Relationship WithDevelopment of New HyTS Terminal posted Irvine, CA and Chicago Jun 18,2007
Nexa Technologies, Inc. (www.nexatech.com), a subsidiary of Penson Worldwide, Inc. (NASDAQ: PNSN), and the Chicago Board Options Exchange (CBOE) today announced the release of the Nexa HyTS Terminal, a multifunctional trading solution workstation, that offers users a broker-neutral connectivity solution to the CBOE and all other U.S. options exchanges. The Nexa HyTS Terminal features added functionality, including a streamlined GUI, FIX drop copy capabilities and a complete demo environment for user evaluation prior to implementation.
“We have worked closely with the CBOE for some time and are excited to expand our relationship with the release of the Nexa HyTS Terminal,” said Eric Stoop, President of Nexa Technologies. “Clients will experience a clean, user-friendly interface designed by experienced options traders that provides integrated access to U.S. options exchanges as well as futures and equities products. The new terminal enhances a trader’s ability to manage trading in multiple asset classes through a single front-end.”
"Nexa has a proven track record in developing cutting-edge trading technology, and we are pleased the Nexa HyTS Terminal is now available to CBOE members and their customers," said Edward Provost, CBOE Executive Vice President, Business Development.
About Penson Worldwide (NASDAQ: PNSN): www.penson.com
Earlier this year, the CBOE and Tick Data, Nexa Technologies’ market data division, joined forces torelease the industry’s first commercially-available, research-ready historical intraday database for the U.S.options market. The Tick Options Database is being employed by high-frequency buy-side and sell-side firms to design, test and validate algorithmic options trading models and used for pre- and post-trade analysis and optimization of execution strategies.