Interactive Data Launches Options Analytics
March 23 2010 - 12:01PM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics, and related solutions, today
announced that it has launched Options Analytics, a new service
that delivers real-time advanced analytics capabilities for
U.S.-listed equity and index options. This financial data can help
risk managers, options traders and derivative strategists assess
portfolio exposure to risk, trade volatility, and model a wide
variety of volatility scenarios.
Options Analytics is designed to calculate real-time,
low-latency options analytics (such as “greeks” and volatility
measures) on the full universe of Options Price Reporting Authority
(OPRA) data, which consists of more than 335,000 options on over
3,500 underlying stocks. This service is designed to perform the
calculations in less than 10 milliseconds per option chain, at a
rate of approximately 12,000 messages per second. Options Analytics
is based on widely used methodologies and provides users with
related data elements including bid, mid and ask option prices as
well as underlying stock prices that are utilized in the
calculations. The service’s real-time options analytics are powered
by the Volera™ engine, a low-latency, hardware-accelerated solution
from Hanweck Associates, LLC.
Options Analytics leverages advanced hardware technology to help
provide high-speed delivery of the calculations at a less expensive
technology cost compared to offerings from other providers. The
service is available to clients via PlusFeedSM, Interactive Data’s
low-latency, consolidated global datafeed, through a variety of
delivery formats. These formats include: as a deployed service; in
a hosted environment in which clients can access the data they
subscribe to via leased line or Internet; as a co-located service
in which firms co-locate their application at one or more data
centers; or in an XML feed for integration into and display on
clients’ Web pages.
“The process of calculating options analytics can often be
highly time consuming and accompanied by a significant investment
in technology resources” said Jay Kilberg, managing director of
Feed Solutions for Interactive Data. “Options Analytics is an
automated service that leverages hardware acceleration to help
options traders, risk managers and portfolio managers obtain
analytical data that is necessary to assess risk as well as model
and trade volatility.”
“Interactive Data’s service, which combines its depth of market
data coverage with our high-performance computing technology for
options, can provide the ideal options analytics capabilities for
traders, risk managers and strategists,” said Gerald Hanweck, Jr.,
PhD, founder and principal partner of Hanweck Associates, a
financial services provider specializing in risk management and
trading solutions for institutional investors.
Options Analytics is offered through Interactive Data’s Real
Time Services business. Additional information about Options
Analytics is available on the Real-Time Market Data section of
Interactive Data’s website at www.interactivedata.com
About Interactive Data Corporation
Interactive Data Corporation (NYSE: IDC) is a leading global
provider of financial market data, analytics and related solutions
to financial institutions, active traders and individual investors.
The Company's businesses supply real-time market data,
time-sensitive pricing, evaluations and reference data for millions
of securities traded around the world, including hard-to-value
instruments. Many of the world's best-known financial service and
software companies subscribe to the Company's services in support
of their trading, analysis, portfolio management and valuation
activities. Interactive Data, headquartered in Bedford, Mass., has
approximately 2,400 employees in offices located throughout North
America, Europe, Asia and Australia. Pearson plc (NYSE: PSO; LSE:
PSON), an international media company, whose businesses include the
Financial Times Group, Pearson Education, and the Penguin Group, is
Interactive Data Corporation's majority stockholder.
For more information about Interactive Data Corporation and its
businesses, please visit www.interactivedata.com
About Hanweck Associates
Hanweck Associates, LLC, is a premier financial-services
provider specializing in high-performance risk management and
trading solutions for institutional investors. As an established
leader in high-performance financial computing, Hanweck Associates
pioneered commercial GPU-based computing solutions for the
financial industry with products such as Volera™. The Hanweck
Associates’ team of seasoned traders, strategists, researchers,
developers and mathematicians unites decades of hands-on expertise
in financial markets and technology services at major financial
institutions with experience spanning all major asset classes and
markets. For more information, please visit
www.hanweckassoc.com.
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