NEW YORK--(BUSINESS WIRE)--Ballista Securities LLC, operator of the Ballista Alternative Trading System (ATS) for block options, announced today the launch of a customized algorithm to source liquidity from public exchanges. The algorithm allows Ballista to aggregate both available light and dark liquidity in satisfying a customer’s option trading needs. This new Continuous Sweep Algorithm comes at a time when Ballista average daily volume is growing substantially.

Mark Monahan, Ballista CEO, commented, “August is by far the highest volume month the company has ever had – with days significantly over 100,000 contracts. To increase our volume during a slower summer month shows that we are adding value to the trading community. The advent of this new functionality will only enhance our offering and bring even more participants to the platform.”

Ballista CTO, Dr. Daniel Marques, added, “The Continuous Sweep Algorithm monitors the public markets to determine if an order resting at Ballista is executable. This algorithm will keep the true size and price of the order hidden, ensuring that the integrity and anonymity of the ATS auction is always maintained. Our customers requested this functionality and we have now delivered it.”

About Ballista Securities LLC

Ballista Securities, operator of the Ballista Alternative Trading System, offers equity options traders an efficient, anonymous and reliable platform for delta-neutral strategies, complex transactions and block options trades. For more information, please contact Ballista Sales at 800-434-7552 or via email at sales@ballistasecurities.com.