OUR SERVICES & SOLUTIONS

MATRIX EXECUTIONS OFFERS A BESPOKE ECOSYSTEM OF BEST-IN-CLASS TRADING SERVICES & SOLUTIONS DESIGNED TO UNIQUELY ADDRESS THE DIVERSE, EVOLVING AND NUANCED NEEDS OF BUY-SIDE & SELL-SIDE FIRMS, PROFESSIONAL TRADE DESKS, AND SOPHISTICATED DERIVATIVES TRADERS.

With our team’s highly-consultative, white-glove approach to client service & deliverables, Matrix Services & Solutions are all developed, delivered, and tailored to the meet the specialized demands of trading professionals and to create seamless workflows for individual traders, their teams, and their firms.

BROKER-DEALER, CLEARING & regulatory services

Matrix Executions is an agency-only broker-dealer, with a best-in-class offering designed to support professional traders through their entire trading life cycle — from superior market connectivity & access to third-party liquidity sources and cutting edge trading technology, to ultra-low latency & high-speed order routing, and streamlined workflows addressing clearing, reporting, and regulatory needs.

Matrix’s comprehensive ecosystem of bespoke, advanced trading technology & turn-key automated workflow solutions helps traders stay agile in fast markets, effective in executing their desired trading strategies, confident in performing even the most complex workflows, and compliant in today’s continuously evolving regulatory landscape.

o Direct outbound routing to US options exchanges
o Connectivity to numerous other equities venues (including dark pools)

Matrix Executions offers both electronic and high touch order routing and trade execution services for both options and equities:

o Advanced on- and off-exchange liquidity sourcing

o Access to over a dozen liquidity providers

o Suite of highly-sophisticated and configurable execution algorithms (equities & options)

o Proprietary front-end (EOMS) system:

  • Matrix Pro™ (buy-side focused)

o Workflow automation tools

  • Risk monitoring, position management, and trade reporting

o Seamless connectivity and automated workflows via Matrix’s ecosystem of industry partners & 3rd-party system integrations

o Options clearing on all US exchanges (flipping, allocations)

o Integrations and flip agreements with vast majority of clearing firms

o CAT solutions for all complex workflows
o Robust regulatory reporting tools

ORDER ROUTING & TRADE EXECUTION SERVICES

Matrix Executions offers a comprehensive assortment of order routing & trade execution solutions & services for US-listed equities and options (Matrix is a member of all US options exchanges).

When leveraging Matrix’s order routing & execution capabilities (whether electronic or high touch), traders can truly experience the benefits of our extensive market connectivity & access to 3rd party liquidity sources, our highly-configurable & cutting-edge suite of trading algos, our high-speed DMA routing, and our team’s deep understanding of exchanges, market structure, trends, and trading strategies.

In the most the face of challenging market conditions & fragmented liquidity, Matrix clients can rely on our team’s deep expertise to help them be effective & efficient in tackling their unique trading objectives.

Matrix Executions offers both electronic and High Touch (HT) trade execution services for options & equities.

For more information on our HT & Floor Broker services, please see our “Direct Floor Access & High Touch Services” section.

  • Matrix provides electronic access to the extended global trading hours (GTH) for S&P 500® Index (SPX), Mini-SPX Index (XSP) and VIX Index options nearly 24 hours a day, five days a week.
  • Access allows the trading of the CBOE proprietary products available during regular trading hours, the GTH session from 7:15PM – 8:15AM CST, and the Curb Session from 3:15PM – 4:00 PM CST

o End-to-end, single-digit, micro-second latency
o Extremely low latency variance, AKA “jitter”

We know the value of our cutting-edge trading algorithms, and so do our clients. Matrix offers a robust portfolio of both turn-key and highly configurable execution strategies for options and equities.

With the help of our dedicated and expert Support Team, Matrix offers traders the ability to make granular, bespoke strategy customizations at both the firm- and individual-user level.

Matrix’s robust portfolio of proprietary options execution strategies harnesses the power of advanced logic and seamless workflow automation to ensure today’s trading professionals can effectively source liquidity, improve their execution quality, and maximize their trading efficiency.

Matrix’s suite of options strategies offers both turn-key and highly-configurable includes single-leg algos, multi-leg algos, crossing algos, and non-crossing algos.

With Matrix’s proprietary StratConfig Library tool, there are over 150+ user-configurable parameters, allowing clients to fully tailor their trading experience based on their needs and objectives. Using StratConfig Library, Matrix options algorithms can be customized using granular inputs, delivering sophisticated bespoke algo behaviors to address the unique strategies of traders, desks, or firms.

Matrix’s options strategies can be accessed from our proprietary EMS/OMS systems (Matrix Pro™), via third-party integrations, or via API connectivity.

Matrix Executions offers a robust portfolio of both turn-key and highly configurable algorithmic execution strategies for equities.

Matrix’s suite of equities strategies include liquidity capture algos, execution performance algos, and schedule-based algos.

With the help of our dedicated and expert Support Team, Matrix offers traders the ability to make granular, bespoke strategy customizations at both the firm and individual user level.

TRADING TECHNOLOGY & SYSTEM INFRASTRUCTURE

Matrix’s robust, full-service ecosystem of cutting-edge trading tools & cutting-edge trading technology gives traders the ability to fully-tailor their trading experience at the trader, team, or firm level. Our technology offering combines turn-key, automated processes and granular, customizable user configurations to ensure traders achieve their unique strategy objectives with speed and finesse.

Matrix’s elite technology infrastructure & system architecture is known for its exceptional reliability, ultra-low latency, and Market Maker-grade data.

For simplified connectivity, Matrix offers users the ability to connect via Matrix’s FIX API, or via our 3 other proprietary APIs. We provide traders with the ability to leverage 30+ 3rd-party OMS, EMS, and proprietary front-end trading system integrations via our ecosystem of valued technology relationships.

For more information on Matrix’s industry technology collaborations, see our Industry Collaborations & 3rd Party Integrations section.

The Matrix trading technology offering includes the proprietary EMS/OMS (OEMS) system: Matrix Pro™.

Matrix Pro™ is our advanced EMS targeting buy-side firms.

With a fully-customizable front-end interface, traders can seamlessly access Matrix’s suite of proprietary algo strategies while automating their trading workflows, managing risk, and monitoring positions at the same time.

Matrix’s technology stack can be accessed via direct connection (FIX/API), third-party integration or proprietary APIs.

o Multiple views (Trader, Supervisory, etc.) o Full Risk Monitor & Position Management (Greeks, Sensitivities, What-Ifs, P&L) o Able to monitor 100,000’s of positions at once o Ability to define and send baskets of orders to automatically manage position risk, reducing manual workflows/fat finger errors o Highly customizable front-end views & formatting o Wide range of order types and preferences o Ability to import Start of Day positions from clearing firms o Integrated Multi Asset Basket (MAB) facilitates fast execution of strategies based on market dynamics o Ability to upload Excel (.CSV) spreadsheets of orders to the MAB o Complex Order Book (COB) trading application o White-label integration capabilities for retail margin engine, position data & routing systems o API toolkit with includes examples of order management and front end control in many different programming languages including C++, C#, VB.NET, Excel and R

  • Matrix QRX ATS offers an Alternative Trading System for enhancing the Liquidity, Price Improvement, and Trade Cost Mitigation for US options through use of blind Indications of interest.  Order flow providers gain access to request for pricing via Matrix’s pool of electronic Liquidity Providers for simple, complex and tied orders
  • Matrix QRX Direct utilizes our IOI infrastructure to create a direct electronic pathway to solicit Liquidity providing participants on a 1:1 basis.

Full electronic order handling via Matrix’s suite of algos in both the RTH and GTH sessions for both models

Matrix’s FIX API is designed for the needs of professional traders, providing high-speed, direct connectivity to Matrix trading servers and ultra-low latency infrastructure, delivering seamless, real-time data flows between market participants.

Matrix supports both FIX and proprietary APIs, allowing clients to tailor their trading experience based on their unique objectives. • Extensive normalization & complex rules engine capabilities • Simple set-up & simple integrations through flexible parameters • Ensures reliable, stable, and secure connectivity

Matrix Executions provides ultra-low latency data & network connectivity through our state-of-the-art network stack.

o End-to-end, single-digit, micro-second latency o Extremely low variance, AKA “jitter”

Matrix’s resilient, service-oriented architecture ensures that order routing, exchange connections, trading algorithms, and position tracking workflows exist in individual, separate processes.

o Processes are inter-connected using Matrix’s proprietary ultra-low latency shared memory router

Matrix’s real-time data feeds equip industry professionals with superior-quality ultra-low latency data that are accessible via API connectivity.

Our institutional-grade data allows industry professionals to keep their edge – effectively assess risk, analyze market behaviors, capture market opportunities – and always stay compliant.

Using Matrix Executions data, traders can make faster and smarter trading decisions.

Matrix Analytics Interface gives users the ability to dissect order data for a view into trade performance, analytics and costs. The Interface helps our clients make more informed routing and trading decisions.

DIRECT FLOOR ACCESS & HIGH TOUCH TRADING SERVICES

Matrix Executions offers direct floor access and High Touch (HT) order routing & trade execution services via our dedicated, hands-on team of Matrix floor brokers located on the BOX Exchange.

Matrix’s High Touch brokers offer highly-skilled services while delivering expertly sourced liquidity, optimized execution, and superior routing efficiency. Using Matrix’s broker-assisted trading services, clients can leverage our team’s extensive understanding of market structure, market trends, and industry insight, as well as our deep industry relationships.

Our HT team handle orders of any size & any level of complexity — even in the most challenging market conditions or liquidity environments, Matrix brokers stand ready to assist clients in swiftly, and optimally, executing their orders according to their unique needs.

Our dedicated Matrix broker team on the BOX floor can assist clients with any high touch trading and execution services.

Our sales trading group works with institutional investors, providing ideas, opportunities and helping source liquidity and work with our trading floor operations to provide timely and accurate executions.

Matrix’s outsourced trading solution replicates the function and utility of an in-house trading desk.

With our routing algorithms and infrastructure, we can help investment managers execute trades and monitor positions without cost and challenges of building and maintaining an in-house ecosystem.

INDUSTRY COLLABORATIONS & 3RD-PARTY SYSTEM INTEGRATIONS

THROUGH OUR NETWORK OF VALUED INDUSTRY TECHNOLOGY RELATIONSHIPS & 3RD-PARTY SYSTEM INTEGRATIONS, TRADERS CAN LEVERAGE THE ENHANCED CONNECTIVITY, TECHNOLOGY, & WORKFLOWS.
TODAY, MATRIX OFFERS 30+ INTEGRATIONS WITH OMS, EMS & PROPRIETARY FRONT-END SYSTEMS — A NUMBER THAT CONTINUES TO GROW. MATRIX EXECUTIONS TECHNOLOGY INTEGRATIONS INCLUDE INCLUDE: