Belzberg Technologies Inc. (TSX -BLZ), a provider of technology-based equity and options trading services, announced today that in the third quarter ended September 30, 2008 the net loss was $0.3 million including a previously announced unusual pre-tax trading error of $0.8 million. Net earnings in the same quarter last year were $1.8 million.
Total revenue for the third quarter increased 13% to $11.0 million versus $9.7 million in the same year-ago period. Diluted loss per share for the third quarter was ($0.02) per share as compared to earnings of $0.12 per share in the same year-ago period.
Showing posts with label options trading. Show all posts
Showing posts with label options trading. Show all posts
Wednesday, 5 November 2008
Tuesday, 4 November 2008
Belzberg Technologoies
Belzberg Technologies Inc. is a provider of technology-based brokerage services, trading equities and options through Electronic Brokerage Systems, Belzberg Technologies' wholly owned broker-dealer. Electronic Brokerage Systems is a member of most North American stock exchanges, options exchanges and clearing organizations, including the NYSE, NASDAQ, CBOE, NSCC and OCC. Using Belzberg's suite of integrated trading tools and network connectivity, Belzberg's customers have direct access to all North American equities and options markets. The firm's client-base includes over 200 leading U.S and international brokerage houses and financial institutions. Belzberg Technologies is listed on the Toronto Stock Exchange (Ticker-BLZ) - additional information is available at www.belzberg.com.
Monday, 3 November 2008
LiquidPoint Claims Options Trading Record
BNY ConvergEx Group, LLC today announced that LiquidPoint routed and/or executed a record 84.6 million options contracts for the month of October 2008. This represented LiquidPoint's highest volume ever recorded in one month, surpassing September 2008 as the previous record month and bringing its year-to-date options contract total to 631 million.
LiquidPoint's October volume represents an increase of 54.8% compared to October 2007, while the overall volume of the U.S. options industry increased approximately 28.7% over the same period, according to transaction volume data obtained from the Options Clearing Corporation (OCC).
"The fact that we were able to achieve record volumes while overall options volume has grown to a less dramatic degree is a great testament to the strength and reliability of our options execution technology," commented Anthony J. Saliba, Chief Executive Officer, LiquidPoint. "Clients continue to recognize the advantages of ConvergEx's independent agency trading model, especially as an oasis of calm during this period of extreme volatility in the markets."
LiquidPoint's October volume represents an increase of 54.8% compared to October 2007, while the overall volume of the U.S. options industry increased approximately 28.7% over the same period, according to transaction volume data obtained from the Options Clearing Corporation (OCC).
"The fact that we were able to achieve record volumes while overall options volume has grown to a less dramatic degree is a great testament to the strength and reliability of our options execution technology," commented Anthony J. Saliba, Chief Executive Officer, LiquidPoint. "Clients continue to recognize the advantages of ConvergEx's independent agency trading model, especially as an oasis of calm during this period of extreme volatility in the markets."
October Options Figures
375 million contracts changed hands in October according to the Options Industry Council (OIC), representing a 28.75 percent increase over October 2007 and 1.4 million contracts more than the previous monthly volume record set in September. Average daily volume for the month was 16,344,995 contracts, also up 28.75 from the same period last year.
On October 20, year-to-date volume reached three billion contracts for the first time in history. It took 203 trading days to reach this milestone. Total options volume reached two billion contracts for the third time ever on July 22, taking only 140 trading days to reach that mark. The Options Clearing Corporation (OCC) reported October year-to-date volume stood at 3,116,322,848 contracts, an increase of 34.63 percent compared to the same period last year. Year-to-date daily volume is averaging 14,699,636 contracts, compared to 11,022,807 contracts at the same point in 2007.
Equity options saw 336,805,246 contracts traded, 25.54 percent higher than October 2007. Year-to-date equity options volume is 2,857,938,960 contracts, up 36.70 percent over the same point last year. Daily equity options volume averaged 14,643,706 contracts per day in October, an increase of 25.54 percent over the same month last year.
On October 20, year-to-date volume reached three billion contracts for the first time in history. It took 203 trading days to reach this milestone. Total options volume reached two billion contracts for the third time ever on July 22, taking only 140 trading days to reach that mark. The Options Clearing Corporation (OCC) reported October year-to-date volume stood at 3,116,322,848 contracts, an increase of 34.63 percent compared to the same period last year. Year-to-date daily volume is averaging 14,699,636 contracts, compared to 11,022,807 contracts at the same point in 2007.
Equity options saw 336,805,246 contracts traded, 25.54 percent higher than October 2007. Year-to-date equity options volume is 2,857,938,960 contracts, up 36.70 percent over the same point last year. Daily equity options volume averaged 14,643,706 contracts per day in October, an increase of 25.54 percent over the same month last year.
Wednesday, 3 September 2008
OIC Volume Down 1.9 Percent for Month
The Options Industry Council (OIC) announced today that total options trading volume in August was 263,405,886 contracts, a 10.5 percent decline from the record-setting volume of 294,211,443 contracts last August. Average daily volume for the month, however, was down 1.9 percent, from 12,791,802 last August to 12,543,137 this year.
This marks the first decline in monthly volume from the year-ago period since July 2003.
"Options trading in August 2007 set a monthly volume record -- spurred by market volatility brought on by the credit crisis -- that remains the fifth highest monthly total today," said Gina McFadden, President of The Options Industry Council. "An unprecedented 61-month string of increasing trading volume has come to an end, but it is clear that many more investors learned the value of using options during that time."
Year-to-date options volume stands at 2.37 billion contracts, up 30 percent over the same period in 2007.
Equity options volume saw 241,579,377 contracts change hands, a decrease of 7.6 percent from August 2007. Equity options average daily volume was up 1.2 percent over August 2007 as there were two fewer trading days compared to last August. Equity options volume for the year so far is up 33 percent from the year ago level.
This marks the first decline in monthly volume from the year-ago period since July 2003.
"Options trading in August 2007 set a monthly volume record -- spurred by market volatility brought on by the credit crisis -- that remains the fifth highest monthly total today," said Gina McFadden, President of The Options Industry Council. "An unprecedented 61-month string of increasing trading volume has come to an end, but it is clear that many more investors learned the value of using options during that time."
Year-to-date options volume stands at 2.37 billion contracts, up 30 percent over the same period in 2007.
Equity options volume saw 241,579,377 contracts change hands, a decrease of 7.6 percent from August 2007. Equity options average daily volume was up 1.2 percent over August 2007 as there were two fewer trading days compared to last August. Equity options volume for the year so far is up 33 percent from the year ago level.
Monday, 23 June 2008
SuperDerivatives
SuperDerivatives®, the benchmark for derivatives pricing and the leading provider of multi-asset front-office systems, risk management, revaluation and online options trading solutions, today launched the next generation of its trading platform for the foreign exchange (FX) market.
Answering the growing market demand from the buy side and sell side for greater FX derivatives complexity and more efficient workflows, the next generation platform integrates pricing discovery, marketing, reporting and on-line execution.
Market professionals using SuperDerivatives’ next generation FX platform in their growth strategy can now trade high margin, exotic structures - including those featuring 4th generation exotics - as easily and efficiently as vanilla FX options.
As is the case with all SuperDerivatives platforms, the next generation FX is web-based and operates in real-time for immediate implementation and scalability. It can easily integrate into any information and trading architecture, connecting various trading and sales desks, and interfacing with middle and back office systems seamlessly and efficiently - linking banks to their clients, reducing operational risk and facilitating faster trading.
SuperDerivatives’ next generation enhancements apply to practically all types of FX instruments, from spot and forwards right through to higher yield 3rd and 4th generation options and correlation structures including cross asset barriers, dual digitals and path dependent baskets. The platform coverage spans over 150 different instrument types on over 100 currency pairs, connecting a diverse community of counterparties across both developed and emerging markets.
“The FX derivatives market has evolved rapidly, while vanilla and first generation exotics have been commoditized and standardized, with corresponding shrinking margins. This year alone, over 10 new exotic structures were added to the market and have become popular,” said David Gershon, Chief Executive Officer, SuperDerivatives. “FX professionals are now looking for the ability to offer their clients the next generation of exotic FX options. We believe that our FX next generation functionality will further increase the volume of derivatives traded and contribute to the evolution of the market, acting as a catalyst for sustained growth.”
SuperDerivatives next generation FX highlights include:
Support for a wide array of FX options from vanillas to 4th generation exotics including multi-leg structures and correlation products such as path dependent basket structures, quanto options, cross-asset barriers and dual euro digitals
Sophisticated tools for structuring, marketing, branding & distribution - essential for dramatically improving sales desk productivity
Online execution and Request for Quote (RFQ) utility connect sales and trading desks together – and with clients - seamlessly and efficiently
Proprietary ‘Looking For Strategy’ solver, multi-language customizable Trade Idea Generator and Term Sheet Generator applications which produce professional, tailored proposals efficiently across a range of exotic and vanilla FX options
Reporting module provides multi-asset Value at Risk reports (VAR) plus reports for Net Asset Value (NAV), Portfolio Profit and Loss (P&L),and sensitivity spot-volatility which allows sales staff to easily provide value-add services to their clients
Online execution and improved post-trade portfolio management deliver deal capture, with an online blotter to capture all client deals and automated deal event management.
The next generation of SuperDerivatives FX is available immediately.
Answering the growing market demand from the buy side and sell side for greater FX derivatives complexity and more efficient workflows, the next generation platform integrates pricing discovery, marketing, reporting and on-line execution.
Market professionals using SuperDerivatives’ next generation FX platform in their growth strategy can now trade high margin, exotic structures - including those featuring 4th generation exotics - as easily and efficiently as vanilla FX options.
As is the case with all SuperDerivatives platforms, the next generation FX is web-based and operates in real-time for immediate implementation and scalability. It can easily integrate into any information and trading architecture, connecting various trading and sales desks, and interfacing with middle and back office systems seamlessly and efficiently - linking banks to their clients, reducing operational risk and facilitating faster trading.
SuperDerivatives’ next generation enhancements apply to practically all types of FX instruments, from spot and forwards right through to higher yield 3rd and 4th generation options and correlation structures including cross asset barriers, dual digitals and path dependent baskets. The platform coverage spans over 150 different instrument types on over 100 currency pairs, connecting a diverse community of counterparties across both developed and emerging markets.
“The FX derivatives market has evolved rapidly, while vanilla and first generation exotics have been commoditized and standardized, with corresponding shrinking margins. This year alone, over 10 new exotic structures were added to the market and have become popular,” said David Gershon, Chief Executive Officer, SuperDerivatives. “FX professionals are now looking for the ability to offer their clients the next generation of exotic FX options. We believe that our FX next generation functionality will further increase the volume of derivatives traded and contribute to the evolution of the market, acting as a catalyst for sustained growth.”
SuperDerivatives next generation FX highlights include:
Support for a wide array of FX options from vanillas to 4th generation exotics including multi-leg structures and correlation products such as path dependent basket structures, quanto options, cross-asset barriers and dual euro digitals
Sophisticated tools for structuring, marketing, branding & distribution - essential for dramatically improving sales desk productivity
Online execution and Request for Quote (RFQ) utility connect sales and trading desks together – and with clients - seamlessly and efficiently
Proprietary ‘Looking For Strategy’ solver, multi-language customizable Trade Idea Generator and Term Sheet Generator applications which produce professional, tailored proposals efficiently across a range of exotic and vanilla FX options
Reporting module provides multi-asset Value at Risk reports (VAR) plus reports for Net Asset Value (NAV), Portfolio Profit and Loss (P&L),and sensitivity spot-volatility which allows sales staff to easily provide value-add services to their clients
Online execution and improved post-trade portfolio management deliver deal capture, with an online blotter to capture all client deals and automated deal event management.
The next generation of SuperDerivatives FX is available immediately.
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