Chicago - Sterling Trading Tech (STT) has announced the acquisition of Livevol X, a trade execution platform for U.S. equities and options, from CBOE Livevol, a subsidiary of CBOE Holdings.
STT provides trading platforms, risk and compliance tools, and infrastructure solutions. Farid Naib, CEO of STT states, "While we have a number of trading platforms that offer option capability, Livevol X represents a more powerful, analytics based, option trading system that considerably broadens our offerings for advanced option traders."
Livevol X supports complex orders and algos, in addition to
supporting advanced risk analysis for portfolios including
what-if analysis. Features include the ability to trade
volatility skews directly from a skew chart, advanced order
entry, 3D risk modeling, and volatility modeling features.
Under STT, Livevol X will be known as Sterling VolTrader.
CBOE Livevol will continue to host the Livevol X platform during the transition period to ensure the continuity of service for current clients. STT is able to on board new clients for Sterling VolTrader effective immediately.