Case Study: a leading broker-dealer streamlines FLEX options workflows with Genesis

Leading Broker-Dealer streamlines FLEX options workflows in 2 months with Genesis

A leading broker-dealer faced significant operational challenges due to growing FLEX options volumes. Their manual RFQ distribution through email and chat was slow, fragmented, and limited their scalability. To address this, they partnered with Genesis, which implemented an automated RFQ and quote aggregation platform called FLEX-FA.

Genesis developed a centralized, FIX-based platform that electronically distributed RFQs and aggregated quotes from market makers. This solution, delivered in just two months, streamlined the entire workflow. The results for the broker-dealer included faster execution, improved price discovery, reduced operational complexity, and a scalable foundation for handling increasing market volumes.