Trading Tech Talk 51: Making Options Less Scary Through Tech

CTO Interview: Today, Mark and Henry are joined by Karan Sood, CEO of Vest Financial. He discusses:

• An overview of your background in the financial technology space
• What is Vest?
• Who is the Vest target consumer?
• Can users choose between custom portfolio overlays and pre-designed protection packages?
• Are these algorithmically generated or designed by humans behind the scenes?
• Does Vest charge commissions or is there an annual fee?
• How does this platform differ from TradeLegs?
• How did Vest become involved with the CBOE?
• Vest also launched some targeted “buffer indexes” with the CBOE, tell us about those.

Hot Topics in Tech: IEX asks for SEC exchange approval on merits of its application - IEX on Monday urged regulators to give the green light to its application to become a fully-fledged exchange outside of a broader debate that its plan has sparked about stock trading rules. CME calls time on New York open outcry options floor - The move follows the closure last year of its open outcry futures pits in Chicago and New York.

The Inbox: Listener questions and comments

• Question from JCrow - Refresh my memory. Why the heck can they not update OI more often than once a day? Is it a technical problem or something else?