Options Trading Strategy Clean Sweep
Clean Sweep is a great options trading strategies when you're trying to exhaust all hidden and displayed liquidity.
Trading Objective
Clean Sweep Options Routing is for trader looks to navigate fragmented option market.
Options Trading Objective - Clean Sweep
The Clean Sweep Startegy is designed for trader when they're looking to get filled before options offers to sell are removed by the high speed algorithms. Accesses fast moving markets and exhausts all available liquiditywhile minimizing slippage.
Clean Sweep Features
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►Continuously look for marketability and will send sweepingslices until filled or no longer marketable
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►Trader has discretion over the display quantity
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►Non-marketable or residual orders will utilize our smartposting logic
Trading Example
Buy 200 ABC Mar 50 calls $1.10
|
Exchange |
SIZE |
Bid |
Ask |
SIZE |
Exchange |
|
ISE |
100 |
$1.00 |
$1.10 |
40 |
ISE |
|
PHLX |
25 |
$1.00 |
$1.15 |
50 |
PHLX |
|
BATS |
50 |
$.95 |
$1.10 |
50 |
BATS |
|
BOX |
50 |
$1.00 |
1.15 |
25 |
ARCA |
|
NSDQ |
50 |
$1.00 |
$1.10 |
50 |
NSDQ |
-
►Total NBO of 140 contracts at $1.10
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►Exchange displayed in order of preference
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►Simultaneously send the following IOC slices: 100 to ISE,50 to BATS, 50 to ARCA