CBOE and Bloomberg Expand Connectivity to CBOE’s PULSe Trader Workstation 

Chicago Board Options Exchange® (CBOE®) announced today that it has joined with Bloomberg to establish direct connectivity between CBOE’s PULSe trader workstation® (PULSe) and Bloomberg’s Execution Management System (EMSX), which can be accessed through the Bloomberg Professional service.

The linkage between CBOE and Bloomberg expands access to the PULSe trader workstation, allowing Bloomberg EMSX users to send, execute and confirm orders electronically with CBOE floor brokers and other PULSe users.

CBOE’s PULSe trader workstation is a next-generation execution management system that allows traders to simultaneously and electronically access the markets via Direct Market Access (DMA), advanced routing and high-touch broker relationships.  The PULSe Execution Management System (EMS) offers connectivity to CBOE, C2 Options Exchange (C2) and CBOE Futures Exchange (CFE®), as well as other equity and options exchanges in one low-cost platform.  Value-added features include Rule 15c3-5 risk controls, 12 leg complex orders, specialized index trading tickets and CBOE extended trading hours access.

Bloomberg’s EMSX is a sophisticated, broker-neutral trading tool that allows users to route orders seamlessly to over 6,000 broker-dealer destinations, including algorithmic suites. EMSX integrates news, indications of interest and real-time market and portfolio analytics into a customizable workspace so that users can monitor execution quality and improve trading decisions and performance from pre-trade through post-trade.

“We are pleased to join with Bloomberg to establish direct connectivity between EMSX and our PULSe trader workstation,” said Andy Lowenthal, CBOE Senior Vice President of Business Development.  “More than 17,000 EMSX users will now have the ability to electronically link directly to the CBOE PULSe community, creating greater efficiency in trade execution and compliance management.  Additionally, EMSX users will be able to electronically access the excellent open-outcry liquidity in CBOE’s SPX and VIX options.”

Source: CBOE

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