CBOE signs for Aqumin data management technology

Source: Aqumin

Aqumin LLC and the Chicago Board Options Exchange (CBOE) announced today a multi-user license agreement for Aqumin's AlphaVision Enterprise Intelligence technology which CBOE will use for a variety of data management and evaluation activities.

Aqumin is a new financial services company specializing in the integration of large scale complex financial data into a single, easy to interpret, visual environment. CBOE is the largest U.S. options exchange, handling approximately one-third of total industry volume daily.

AlphaVision will be used by the Chicago Board Options Exchange to enhance the sophisticated data management systems already in place. AlphaVisionTM will allow CBOE personnel to visually track, monitor and evaluate vital areas of interest faster, more efficiently and with greater accuracy than was possible before. Aqumin developed customized SQL/XML metrics to facilitate rapid integration of CBOE data into AlphaVision's visual landscapes.

"CBOE is pleased to partner with Aqumin and have the ability to utilize this innovative technology in the day-to-day operations of the Exchange," said Edward Provost, Executive Vice President, CBOE. "This dynamic analytic tool presents information in a unique manner, allowing us to interpret data and evaluate business trends from a new and different perspective."

"Aqumin is very excited by the adoption of AlphaVisionTM for use by the CBOE. Large proprietary datasets maintained by the CBOE can now easily be ingested into our intuitive, visual landscapes for CBOE's rapid interpretation of option trading activities across the entire market at once. We believe that Aqumin technology is the next step in helping exchanges monitor and facilitate the needs of their customers. Results from CBOE's trial use have been very positive. We look forward to growing AlphaVision's capability in this important market," said Michael Zeitlin, CEO, Aqumin.

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