NEW YORK--()--Hanweck Associates, LLC, a premier financial-services provider specializing in high-performance risk management and trading solutions for institutional investors, announced today that the world’s largest equity options exchange, the International Securities Exchange (ISE), recently deployed VoleraFEED™, Hanweck’s high-performance options analytics solution. VoleraFEED delivers real-time, low-latency implied volatilities and Greeks for ISE’s front-end options trading application, PrecISE Trade®. The dynamic tool provides comprehensive options analytics data within a flexible, customizable framework for PrecISE users.
“By incorporating VoleraFEED™ into PrecISE, ISE puts valuable real-time implied volatilities and Greeks directly on traders’ screens, allowing them to stay focused on their trading and execution.”
Due to increasing trading volume and the complexity of options pricing calculations, the financial industry is eager to offer enhanced options trading information to its customers. ISE selected Hanweck’s high-performance system to calculate real-time implied volatilities and Greeks for the entire U.S. Options Price Reporting Authority (OPRA) product universe. Deployed in June 2009, VoleraFEED reliably delivers high-quality data directly into the PrecISE platform so options traders can quickly analyze and act on market dynamics. Offering ease of use and fast time to market, VoleraFEED enables ISE to provide a cost-effective service to its customers which complements other market data offerings available through PrecISE.
Jeff Soule, head of ISE Market Data, noted, “Hanweck is an industry-leader in high-performance market data processing, and we are pleased to have partnered with them to enhance the scope of market data available through PrecISE. Since incorporating VoleraFEED’s options analytics into PrecISE in June, we have received extremely positive feedback from users about the quality and timeliness of the comprehensive data. We look forward to working with Hanweck in the future as we continue to expand our market data offerings.”
Built upon Hanweck Associates’ Volera™ high-performance, graphics processing unit (GPU) based options analytics engine, VoleraFEED™ delivers real-time implied volatilities and Greeks on the entire U.S. OPRA universe with latency measured in milliseconds. The Volera engine can perform tens of millions of options valuations per second – 30 times faster than conventional CPU-based systems. Volera’s innovative technology reduces operational costs by 90 percent, and easily scales to meet ever-increasing OPRA message rates.
"In these volatile markets, traders can’t afford to take their eyes off the trading screen,” noted Gerald A. Hanweck, Jr., PhD, principal partner and founder of Hanweck Associates. “By incorporating VoleraFEED™ into PrecISE, ISE puts valuable real-time implied volatilities and Greeks directly on traders’ screens, allowing them to stay focused on their trading and execution.”
About Hanweck Associates’ VoleraFEED™
Hanweck Associates' VoleraFEED™ delivers low-latency, real-time options analytics as a data feed through major third-party APIs and ticker plants. VoleraFEED™ is available as a subscription data feed service, or as a customizable hosted or deployed solution.
About Hanweck Associates, LLC
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.
About ISE
The International Securities Exchange (ISE) operates the world’s largest equity options exchange and offers options trading on over 2,000 underlying equity, ETF, index, and FX products. As the first all-electronic options exchange in the U.S., ISE transformed the options industry by creating efficient markets through innovative market structure and technology. Regulated by the Securities and Exchange Commission (SEC) and a member-owner of The Options Clearing Corporation (OCC), ISE provides investors with a transparent marketplace for price and liquidity discovery on centrally cleared options products. ISE continues to expand its marketplace through the ongoing development of enhanced trading functionality, new products, and market data services. As a complement to its options business, ISE has expanded its reach into multiple asset classes through strategic investments in financial marketplaces that foster technology innovation and market efficiency. Through minority investments, ISE participates in the securities lending and equities markets. ISE also licenses its proprietary Longitude technology for trading in event-driven derivatives markets.
ISE is a wholly owned subsidiary of Eurex, a leading global derivatives exchange. Eurex itself is jointly owned by Deutsche Börse AG (Ticker: DB1) and SIX Swiss Exchange AG. Together, Eurex and ISE are the global market leader in individual equity and equity index derivatives. For more information, visit www.ise.com.
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