ALL WORK
Options RFQ Trading
Moving institutional options trading out of chat and into an interface clients can drive themselves.
ISSUE
Options trading lived in chat
Clients placed options trades manually through messaging apps and voice. Every quote, strategy, and execution ran through a person, which capped the volume the desk could handle and left clients without a live view of their own pricing, positions, or margin. There was no way to build a strategy, see a price, and trade it independently. There was also no consistent place to surface the risk checks running behind each order.
SOLUTION
Quote to execution in one flow
We designed an electronic request for quote experience that lets clients build options strategies across one or more legs, request live bid and ask quotes, and execute inside the existing risk framework. The flow surfaces risk checks and margin impact at the moment they matter, pairs every quote with a payoff diagram, and gives clients a single place for open positions, quote history, and trade history. Launching on a fully funded model cleared the risk blockers for the first version while leaving room for a more capital efficient release later.
1
Structure ready to trade. A completed multileg strategy shows its cost, margin impact, greeks, and a payoff curve with max loss and max profit, so the client can read the full risk picture before executing.
2
Unwinding a position. From the positions table, clients select the legs of an open structure and unwind or roll them in place, closing exposure without rebuilding the trade from scratch.
