Under the merger, effective from January 1 2005, LiquidPoint is the surviving entity and now has exclusive marketing and distribution rights for the Hybrid Execution and Trading (HEAT) System.
The Heat System is designed to deliver proprietary enhancements to the options trading workstation, including an open application programming interface (API), and aims to offer a range of order types that suit a wide variety of options trading styles. It also hopes to provide a greater degree of choice and control over order routing.
LiquidPoint anticipate that the technology enhancements supplied by Heat will provide greater opportunities for Potential Price Improvement and/or Potential Liquidity Enhancement for LiquidPoint’s user base.
This acquisition will streamline operations and enable LiquidPoint to easily place an entire suite of trading tools in the hands of its customers; allowing it to continue on its growth and development path, stated Anthony Saliba, president of LiquidPoint.
