Matrix Executions has launched a new electronic alternative trading system (ATS) for US listed options named Matrix QRX ATS.
Designed specifically for institutional investors, the offering provides price improvement, liquidity enhancement, and best execution practices including algo suite integration, and exchange auction mechanisms.
Matrix QRX ATS offers blind indications of interest (IOIs), paired crossing orders, and low latency matching to streamline orders of all types while ensuring optimal pricing.
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“With QRX ATS, Matrix Executions is setting a new benchmark in the trading experience for institutional traders, focused on price discovery, trading cost mitigation, and market efficiency,” said the firm in an announcement on social media.