Leading Financial Services Firms Utilize Interactive Data’s New Options Volatility Service
Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics, and related solutions, today announced that six leading financial services firms have recently begun using its new Options Volatility ServiceSM. These customers will provide their clients with data obtained from this service, which includes a relational database of end-of-day implied volatilities, options risk parameters and volatility surfaces across the U.S. options market, to help them assess risks associated with market volatility.
These new clients include SogoTrade, a leading online broker that specializes in stocks and options trading, and FT Providers, a volatility arbitrage proprietary trading firm and developer of risk management and volatility analysis tools for the equity options market.
The Options Volatility Service, which leverages Interactive Data’s extensive options data delivery capabilities, delivers daily closing implied volatilities for listed options pricing during the past 12 years on more than 6,600 U.S. companies. It also provides end-of-day pricing, splits and other corporate actions, along with U.S. options analytics information, including risk parameters and sensitivity gauges calculated by Hanweck Associates, LLC.
This service can help a range of clients, including traders, quantitative specialists, hedge fund managers, risk officers, and software application and risk management vendors, more effectively assess risk. It can also help them to create consistent risk reports across varied positions, analyze specific positions more thoroughly, conduct research such as back-testing of trading strategies, and price their variable annuities.“Interactive Data’s Options Volatility Service has helped our firm to obtain key historical information we can use to generate custom metrics used in trade identification, back-test relative value volatility arbitrage strategies and feed into our front end software applications to help our clients make informed trading decisions,” said Michael Izhaky, president of FT Providers. “In addition, we are already underway with plans to expand our utilization of this service for incorporation into risk management tools and software that we’re developing for options investors.”
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV