Atos Euronext Market Solutions (AEMS) expects to see
participation in functionality to host options pricing updates
at or close to matching engine level within three to six
months, which could significantly impact on the European
options market, CEO Jean-Marc Bouhelier told FO
He agreed that this new capability would take the Liffe
Connect system, which AEMS develops, up to the level of the US
options model and beyond.
Options have traditionally been hard to fully automate with
the large amount of message traffic generated putting pressure
on bandwidth. In Europe, it is widely believed that options,
except in the retail-heavy Dutch market, have remained largely
traded by call-around, with which brokers using the phone to
secure orders before then routing them through an exchange
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