Value-Added Execution

Trade equities, options, futures, and ETFs through our proprietary electronic trading platform, algorithms, floor access, and agency brokerage desk. Our focus on anonymity, sophisticated technology, and superior execution quality is why we are widely considered to be one of the premier providers of execution services solutions on Wall Street.

Algorithms

WEX algorithms provide simple, yet extremely effective ways to source liquidity in options, equities, and futures. With advanced proprietary logic, WEX algorithms can improve your execution quality and meet your trading objectives without requiring you to make complex choices or to set a variety of parameters. WEX algorithms are dynamic tools designed to complement a variety of trading styles and are effective in varying market conditions.

Best-X®

Seeks to minimize market impact and price slippage. Best-X removes dependence on extraneous parameters and settings, relying instead on a proprietary predictive model that works the order in an effort to obtain the best possible price.
• Model continuously evaluates relevant market centers to seek the best possible execution opportunities.
• Execution duration is based upon the real time liquidity and market activity of the security.

Equities Options
• Single • Complex

Futures


Sweep-X

Meets the need for immediacy in order execution by simultaneously accessing all available liquidity.
• Orders are routed to the exchange(s) with the highest probability of execution.
• Aggressively seeks liquidity for marketable orders to quickly capture displayed and hidden liquidity.
• Constantly monitors non-marketable orders to source available liquidity.

Equities Options
• Single • Complex

Futures


VOL

Works an order based on a specified volatility level.
• User can set underlying reference price or options reference price to determine vol level.
• Aggression level determined by the user.

Options
• Single


Delta Adjusted

Designed to link your option order price to the underlying security according to a user-provided option delta.
• Set upper or lower price bands to disengage order until the price moves back within your price boundary.
• Multiple modes available to either keep your order hidden, work passive or aggressively based on defined parameters and market conditions.

Options
• Single


TWAP

Executes by splitting a large order into smaller equal-sized parts or slices that are spread over the selected time duration.
• Utilizes proprietary logic to work the order with minimal market impact and slippage.
• Time parameters can be set from 1 minute to the entire trading day.

Equities Options
• Single • Complex

Futures


VWAP

Executes trades along a historical volume distribution within a specified time period.
• Utilizes proprietary logic to work the order with minimal market impact and slippage.
• Time parameters can be set from 1 minute to the entire trading day.

Equities


Portfolio-X

Manages executions for basket or index components using Best-X logic and historical volume distributions. When executing baskets this approach strives to keep neutrality throughout the execution.
• Utilizes proprietary logic to work the order with minimal market impact and slippage.
• Time parameters can be set to as little as 1 minutes or the entire trading day.

Equities

Agency Brokerage Desk

one call. one trade. one price.™
WEX's agency brokerage desk provides a turnkey solution for our clients. Make one call to WEX and you can effectively place one trade for your clients and we will post-trade allocate to all of your custodians at one price. Our value-added execution services, focused on execution quality, allow banks, broker-dealers, endowments, hedge funds, insurance companies, investment companies, pensions, registered investment advisors, TAMPs, trusts, and wire houses to trade options, equities, and ETFs with anonymity and comprehensive order management.

Sourcing Liquidity: With direct linkage to options and equities exchanges through proprietary software; relationships with exchange and OTC market makers; and cost effective access to alternative sources of liquidity, we are able to source liquidity during most market conditions.

Experience: With direct linkage to options and equities exchanges through proprietary software; relationships with exchange and OTC market makers; and cost effective access to alternative sources of liquidity, we are able to source liquidity during most market conditions.

Agency Only: As an agency-only firm, WEX diligently puts our clients' interests first. Our traders will handle your order professionally and exhaust all means to ensure your expectations are satisfied.

ETF Expertise: Our execution team has a thorough understanding of ETF compositions and characteristics.



Direct Floor Access

Our established brokerage unit offers direct access to the trading floors and all electronic markets. Experienced brokers can accurately represent outright options, straddles, or more complex options packages during any market condition. The brokers can also give immediate prices throughout the execution process.

With WEX's floor access, you can be confident that your order will be handled efficiently. Our extensive brokerage unit attempts to optimize execution quality. Regardless of size or complexity of strategy, WEX has the experience to efficiently execute your order while seeking to minimize its market impact.

WEX's brokers provide our clients with market expertise and direct access to all ETF & Index option products.