NEW YORK--(Hanweck Associates, a premier financial services provider specializing in risk management systems and technology for institutional investors, today announced its addition of European markets coverage to its high-performance, hardware-accelerated options analytics solution, VoleraFEED™. Hanweck will now calculate and disseminate real-time options analytics, including implied volatilities and greeks, from Deutsche Börse's Eurex derivatives market and Euronext through a strategic partnership with ACTIV Financial.)--
“We’ve this trend make steady and rapid growth increasing demand for access to European options markets confirming the buy-side need for a sophisticated analytics engine.”
In response to client demand, Hanweck’s VoleraFEED™ hardware-based options analytics engine will now connect directly to ACTIV Financial's UK ticker plant to run analyses against ACTIV’s low-latency options data feeds. Hanweck will also use ACTIV to disperse the feed, redistribute calculations back into ACTIV's ticker plant for user’s access, running VoleraFEED™ as a dataset on the ACTIVFeed product. VoleraFEED™ is also customizable to include specific features such as proprietary valuation models or yield curves for those using ACTIV for individual clients.
“US traders are expanding their horizons and adopting cross-border trading strategies,” said David Hann, managing director of EMEA at ACTIV. “We’ve this trend make steady and rapid growth increasing demand for access to European options markets confirming the buy-side need for a sophisticated analytics engine.”
Global top-tier banks, broker/dealers, options exchanges and hedge funds rely on VoleraFEED™ to provide their quantitative options analytics. Built upon Hanweck’s pioneering GPU-based Volera™ options analytics engine, VoleraFEED™ enables market participants to run complex analytics on the entire U.S. Options Price Reporting Authority (OPRA) universe – 300,000+ options on 3,500+ underlying stocks, indices and exchange traded funds (ETFs), plus options on futures – all with just milliseconds of latency. Dozens of times faster than conventional CPU-based systems, Volera’s innovative technology reduces operational costs by 90 percent, drives advanced trading and risk management solutions, and seamlessly scales to meet escalating options message rates.
“Our client’s found navigating the European markets without a real-time analytics was absorbing a significant amount of their resources,” said Gerald Hanweck, CEO of Hanweck Associates. “Providing values for volatility and Greeks through one concise portal addresses the European market data trend and demand. We hope to continue to expand into other markets, particularly Asian, to cater to our clients trading trajectories. ”
About Hanweck Associates
Hanweck Associates, LLC, is a premier financial services provider specializing in risk management solutions for top-tier hedge funds, banks, broker/dealers, exchanges and other financial institutions. Hanweck Associates pioneered commercial GPU-based computing solutions for the financial industry with products such as Volera™, its low-latency, real-time options analytics engine, and is an established leader in high-performance financial computing. The Company’s seasoned traders, strategists, mathematicians and developers combine decades of hands-on markets experience with cutting-edge technology to solve today’s complex quantitative problems. For more information please visit www.hanweckassoc.com.
About ACTIV Financial
ACTIV Financial Systems, Inc. is a leading provider of market data content and technologies to market makers, hedge funds, brokers and trading systems. The company provides managed low-latency and high-volume market data services to more than 350 customers worldwide. As vendor of record, ACTIV also delivers consolidated, hosted and on-site ticker plant services for exchanges around the globe. ACTIV is privately owned with offices in Chicago, New York, Tokyo, Singapore and London. To learn more about ACTIV, visit: http://www.activfinancial.com.