Cboe Silexx Enhances Features to Boost Trader Efficiency

Cboe Silexx, in the latest update, version 24.11, introduces key enhancements aimed at improving functionality and user experience. These updates include new display options, risk management tools, and strategy capabilities to meet the evolving needs of the professional marketplace.

Enhanced Features in Version 24.11

These are the enhanced features:

Order Manager: Display Post and Station

The Order Manager now includes an option to display Post and Station, similar to its display in the Option Chain. This new feature can be enabled through the Order Manager settings. Once activated, the Post and Station values dynamically update based on the trade selected. 

Multi Ticket: Delta Neutral Strategy

Traders can now easily add a delta neutral equity leg to multi-leg trades. The process is straightforward:

1. Click the ‘Add Strategy’ button.
2. Select the Delta Neutral option.

The platform automatically adjusts the ratio of the equity leg to ensure the package achieves a 0 delta. This feature helps traders quickly implement hedging strategies.

Firm Risk Settings: Warning Levels Display

Risk management tools have been enhanced with the ability to display warning levels for various metrics. Users can now add columns in the ‘Manage Accounts and Users’ module to track:

• Net quantity
• Net position
• Notional values

These warning indicators provide better oversight of risk thresholds, enabling proactive adjustments.

Position Counter Cards: UI Enhancement

The Trade Confirms section has been updated to improve the display of large notional values. Notional amounts exceeding $99,999,999 are now abbreviated for clarity. Traders can still view the full value by hovering over the displayed figure. 

Benefits for Traders 

These updates will have these benefits for traders:

Improved Trade Visibility

Traders can now view Post and Station data directly in the Order Manager. This integration offers better visibility into trade positions and simplifies tracking. Dynamic updates ensure traders have real-time data based on their selected trades.

Faster Strategy Implementation 

The new delta neutral feature in Multi Ticket allows traders to quickly add an equity leg to balance multi-leg trades. By automating the ratio adjustment for 0 delta, the platform reduces manual effort and minimizes errors in strategy execution.

Enhanced Risk Monitoring 

Risk users now have access to warning levels displayed in the accounts and users module. Metrics like net quantity, net position, and notional values can be monitored in real time. This added transparency helps traders and investors stay within predefined risk thresholds.

Streamlined Reporting for Large Notional Trades

Trade summary cards now abbreviate notional values exceeding $99,999,999, making large trades easier to review. Hover functionality allows traders to access the full figures when needed.

About Cboe Silexx

Cboe Silexx is a multi-asset order and execution management system (OEMS) designed for professional traders and asset managers. It enables users to trade equities, options, futures, and options on futures from a single platform. Cboe Global Markets acquired Silexx Financial Systems in 2017 to enhance its trading technology offerings. 

Summing Up

The enhancements in Cboe Silexx demonstrate a commitment to addressing the needs of professional traders. These updates provide a more efficient and user-friendly trading experience.

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