NYSE’s Meaghan Dugan talks tech and options market growth at OIC 2023

John Lothian

John Lothian

Executive Chairman and CEO

John Lothian News interviewed NYSE Head of Options Meaghan Dugan at the 2023 Options Industry Conference in Nashville, TN about how the company is using data and technology to handle the growth in the options market, improvements to its Pillar platform, the future of the trading floor, and T+1.

NYSE American Options is planning an update to Pillar, its proprietary technology platform, in October, after having moved Arca to the platform last July. It is on track to move Amex over to Pillar on October 23. Dugan said Pillar will enable member firms to connect to all NYSE equities and options markets.

“It’s a key technical advance at a time when everything’s shifting,” Dugan said. 

NYSE has made changes to its floor trading technology over the past six to 12 months as well, Dugan said.  “When we moved over to Pillar for Arca, we opened it up to an open API basically. So any floor OMS system system can go in and code to our spec that’s online. And Amex, when it goes online in October, will have the same.”  She said this allows people to choose their favorite OMS provider to use to send orders from the floor. 

Dugan said she doesn’t think the options trading floor is going to go away. “We are thoroughly investing in it, and it’s a very critical part to our entire business,” she said. But it continues to be modernized and improved so it will work even better in the future, she added.

Hedge Funds Get Closer to Clearing Repo Trades Directly on Eurex

Hedge Funds Get Closer to Clearing Repo Trades Directly on Eurex

First Read Hits & Takes John Lothian & JLN Staff Welcome to March. One of the market issues of the moment is bitcoin halving, an event that occurs approximately every four years whereby Bitcoin miners are rewarded half the amount they were previously rewarded for...

We visit more than 100 financial news websites daily (Would YOU do that?)

The Spread

Todays  Options Newsletter

The Achilles’ Heel of ETFs Promising 100% Income Yields

Observations & Insight Futures Discovery: Physical Delivery VS Cash Settlement JohnLothianNews.com Today, we're delving into the fundamental aspect of futures trading-the Settlement Showdown: Physical Delivery versus Cash Settlement. In the dynamic world of...

Now Read This

Rama Pillai’s Path to Electronic Trading Showed He is a Good Student

Rama Pillai’s Path to Electronic Trading Showed He is a Good Student

Rama Pillai enjoyed being a student and earned three separate degrees before deciding to come to Singapore to accept a position with SIMEX in 1991. Studying the floor-to-screen migration of other exchanges and spearheading a proactive migration plan for SGX showed that Pillai was a good student.

The seven-year-old SIMEX made Pillai employee number 118 when he joined a three-person sales team that also handled marketing and business development. Reflecting on this experience, he remarked, “It was just the three of us covering the world.”

Futures Discovery: Physical Delivery VS Cash Settlement

Futures Discovery: Physical Delivery VS Cash Settlement

In episode 7 of Futures Discovery, we’re delving into the fundamental aspect of futures trading—the Settlement Showdown: Physical Delivery versus Cash Settlement. In the dynamic world of futures trading, how contracts are settled is a game-changer, influencing strategies and risks alike. Join me as we explore the two primary methods that define this landscape: Physical Delivery and Cash Settlement.

Pin It on Pinterest

Share This Story