News

05/23/2017
Wolverine Execution Services bridges the gap between voice and electronic trading

Wolverine Execution Services (WEX), a leading provider of premier technology and execution services to Institutional clients, announced today the launch of “Request For Quote” (RFQ). This new functionality, within the WEX Trading Platform (WTP), will provide a simple and fully electronic workflow, which will mirror the traditional high touch trading. Only available in the WTP, RFQ allows the user to request option quotes for single or multi leg spreads and quickly select one or many liquidity providers to furnish a single or two sided market. Once the request is made, the liquidity provider is immediately notified and can respond with a quote. The firm who responds with the best quote may receive a systematized order from the client allowing them to trade the order using WTP.

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02/01/2017
Wolverine Execution Services expands options algorithm suite with the addition of VOL and TWAP and algorithms and expands upon BEST-X functionality to include spreads

Wolverine Execution Services (WEX), a leading provider of value added technology and execution services, today announced the ability to send complex orders to its Best-X options algorithm and the addition of two FIX based options algorithms, Vol and TWAP.

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09/21/2016
Wolverine Execution Services enhances Sweep-X and Sweep Spread options algorithms with hidden order functionality

Wolverine Execution Services (WEX), a leading provider of value added technology and execution services, has enhanced its Sweep-X and Sweep Spread options algorithms with the ability to handle hidden orders. WEX Sweep-X is designed to meet the need for immediacy in order execution by aggressively seeking liquidity for marketable orders to quickly capture displayed and hidden liquidity. WEX Sweep Spread works orders using Sweep-X's proprietary execution logic by simultaneously accessing the various complex order books through direct exchange connectivity.

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09/08/2016
Wolverine Execution Services (WEX) expands trader access to CBOE PULSe Trader Workstation

Wolverine Execution Services (WEX) announced today that it has established direct connectivity between the Chicago Board Options Exchange (CBOE) PULSe Trader Workstation (PULSe) and the WEX Trading Platform (WTP). WEX clients will now have the ability to electronically send orders and receive executions that have been routed to the CBOE PULSe Trader Workstation through WTP.

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02/29/2016
Wolverine Execution Services Launches Best-X Options Algorithm Designed To Actively Seek Out Price Improvement Opportunities And Liquidity

Wolverine Execution Services (WEX), a leading provider of value added technology and execution services, today announced the launch of WEX Best-X for options. Like WEX Best-X for equities and futures, WEX Best-X Options is an arrival price algorithm designed to intelligently determine the best execution opportunities for an order and to seek out price improvement while maintaining high order fill rates.

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11/11/2015
Wolverine Execution Services Enhances Vega Trader Applet With Advanced Posting Logic

Wolverine Execution Services (WEX), a leading provider of premier technology and execution services, today announced the addition of advanced posting logic to Vega Trader. Vega Trader is a trading applet that allows users to provide trade inputs to specify a target amount of vega to execute across a range of option expirations and strikes. Only available on the WEX Trading Platform (WTP), Vega Trader helps traders manage risk by allowing them to efficiently manage volatility positions.

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05/12/2015
Options On Futures Now Available On Wolverine Execution Services Trading Platform

Wolverine Execution Services (WEX), a leading provider of premier technology and execution services, today announced the inclusion of options on futures trading functionality within the WEX Trading Platform (WTP). Permissioned WTP users can view options on futures market data, enter orders, and monitor executions.

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12/11/2014
Wolverine Execution Services Introduces New Vega Trading Applet, Providing New Efficiency When Trading Multiple Option Strikes

Wolverine Execution Services (WEX), a leading provider of premier technology and execution services, today announced the launch of WEX Vega Trader, a new trading applet that allows users to specify a target amount of vega to execute across a range of option expirations and strikes. Only available on the WEX Trading Platform (WTP), Vega Trader helps traders manage risk by allowing them to efficiently take volatility positions.

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11/11/2013
Wolverine Execution Services Introduces Hedge Agent, An Advanced Trading Applet That Provides Traders With New Efficiencies When Hedging Options

Wolverine Execution Services (WEX), a leading provider of premier technology and execution services, today announced the launch of Hedge Agent, an innovative trading applet that allows traders to automatically hedge their executed options positions. Only available on WEX Trading Platform (WTP), Hedge Agent saves traders valuable time and resources by calculating hedge quantities based upon the current delta and immediately sends out the corresponding hedge order after an option is executed in WTP.

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08/14/2013
Wolverine Execution Services Launches New VWAP Algorithms That Utilize WEX BEST X Algorithm Logic

Wolverine Execution Services (WEX), a leading provider of value added execution services, today announced the launch of the WEX VWAP and WEX Basket VWAP algorithms. Both algorithms utilize WEX Best X logic that seeks to minimize market impact and price slippage. WEX VWAP and Basket VWAP timeframes can be set to as little as 5 minutes or as long as the entire trading day. They do not require other user-defined parameters and settings, eliminating the need for time-consuming user configurations and inputs.

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07/30/2013
Invest n Retire Adds Access to Wolverine Execution Services Into INR's Patented Record Keeping Software for Defined Contribution Plans and Separately Managed Accounts

Wolverine Execution Services (WEX), a leading provider of value added trade execution services, and Invest n Retire, LLC (INR), an innovative developer of patented technology solutions for defined contribution (DC) plans and separately managed accounts (SMAs), today announced connectivity to WEX's agency broker services directly from the INR platform. As a result of this partnership, clients can now electronically route orders for execution directly to WEX via the INR platform and receive fill information back into the INR system. Orders received by WEX are executed using proprietary trading logic and technology when determining the best method of and venue for execution.

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03/20/2013
Wolverine Execution Services (WEX) Taps OTC Markets Group for Real-Time Level 1+ OTC Equity Pricing Data

<a href="http://www.otcmarkets.com/stock/otcm/quote" target="_blank">OTC Markets Group</a> (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Wolverine Execution Services (WEX), a premier technology and execution services provider to the financial industry, is offering OTC Markets Group's Level 1+ real-time pricing data on OTCQX<sup>®</sup>, OTCQB<sup>®</sup> and OTC Pink<sup>®</sup> securities to its customers.

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05/09/2012
Wolverine Execution Services Launches New Multi-Asset Spread Trading Tool

Wolverine Execution Services (WEX), a leading provider of premier technology and execution services, today announced the launch of WEX Spread Agent, an advanced trading applet focused on spread and pairs trading. Only available on the WEX Trading Platform (WTP), Spread Agent builds upon and enhances the functionality in Spread Trader, the current WTP applet. Spread Agent allows traders to continuously leg in and out of multiple spreads, providing an invaluable tool to manage and run various spread scenarios for equities, options and futures.

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03/28/2012
Wolverine Execution Services Launches Best X

Wolverine Execution Services (WEX), a leading provider of value added technology and execution services, today announced the launch of Best X, an execution algorithm for U.S. equities and futures. Best X is an advanced algorithm designed to automatically determine execution trajectory to seek optimal price. Powered by WEX's proprietary liquidity and trend models to obtain the best possible execution, Best X monitors each security to balance liquidity and price continuously.

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