Streamlining FLEX options workflows for a leading broker-dealer
THE CHALLENGE
Manual RFQ workflows limited scalability
Growing FLEX options volumes created operational pressure across quoting and execution workflows.
Unlike traditional options markets, FLEX options require negotiation around variables such as strike price, expiration date, and exercise style, making RFQs highly manual and time-consuming.
Key challenges included:
- Manual RFQ distribution through email and chat
- Fragmented communication with market makers
- Slow and operationally intensive workflows
- Increasing order complexity and trading volumes
THE SOLUTION
An automated RFQ and quote aggregation platform
Genesis developed FLEX-FA, an automated RFQ platform designed to streamline quoting and execution workflows.
The platform enables:
- Electronic RFQ distribution
- Automated quote aggregation
- Centralized workflow management
- Faster execution and price discovery
- Simplified order placement
Built around a Genesis-developed FIX messaging hub, the platform electronically connects brokers and market makers within a centralized workflow.
Delivered in just two months, the solution provided a scalable operational foundation for continued market growth.
Project highlights
Business impact
Faster execution and improved operational efficiency
The implementation modernized how the institution manages FLEX options workflows by replacing fragmented manual processes with a centralized digital environment.
Key outcomes included:
More streamlined RFQ processing
Improved execution efficiency
Reduced operational complexity
Better scalability amid growing market volumes
Enhanced client servicing capabilities