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 VoleraTM 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 helpo 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.