20 July 2018
Visit www.gemalto.com

OCC selects Markit for implied volatility data on equities

09 January 2013  |  1410 views  |  0 Source: Markit

Markit, a leading, global financial information services company, today announced that it has been selected by OCC, the world's largest equity derivatives clearing organisation, to provide daily implied volatility data on the S&P 500 index.

OCC will use Markit's data, including implied volatilities, forwards and discount factors, as inputs in the calculations of prices for settlement of over-the-counter (OTC) equity options. The service provided to OCC will be based on the Markit Daily Vol - Equities service which covers major indices and single stocks in EMEA, Asia-Pacific, and the Americas.

Nigel Hyde, Managing Director and Global Head of Sell-Side Valuations and Fixed Income Pricing at Markit, said: "We have been collecting and returning OTC equity option data to the market for 15 years and are looking forward to working with OCC. We believe OCC, and other clearers in the longer term, will benefit from our robust and accurate data set and our ability to track prices on longer-dated, out-of-the-money and OTC options."

Michael E. Cahill, President and Chief Operating Officer at OCC, said: "OCC is pleased to partner with Markit as we prepare to bring to market the first clearing solution for OTC equity options. Having access to daily implied volatility data will help enhance OCC's precision in the valuation of OTC contracts."

Russell 2000 and NASDAQ 100 indices will be added to the service provided by Markit to OCC in Q1 2013 with the full flexibility to add additional securities as requested. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit https://secure.vasco.comVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12304 views comments | 5 tweets | 7 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
10111 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9846 views comments | 6 tweets | 15 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
9664 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9410 views 19 comments | 14 tweets | 30 linkedin

Featured job

Basic c Euro 120K, Variable Euro 120K - full ben...
Paris prefered London possible

Find your next job