Equity finance exchange OneChicago has made available its new order sending organization (OSO) services for assisting firms that implement point-and-click traded exchange future for physical (EFP) contracts on the OCX.BETS platform. OneChicago’s OCX.BETS order/trade screen and the related application programming interface have been updated to help meet newly expanded requirements by the Financial Industry Regulatory Authority.
OneChicago is establishing new industry standards for listing derivatives in a transparent way and providing tools needed in the existing marketplace. Users can benefit from specialized products, such as OCX.NoDivRisk, which decreases divided risk from security futures, and OCX.RiskMan, which is used by clearing firms to set risk controls for each OCX.BETS access point they authorize, cutting down exposure to trading errors.
Click here for the release from PR Newswire.