Hanweck Associates Integrates Options Analytics Tool With SpryWare
April 28, 2010
Hanweck Associates, a financial services provider specializing in risk management systems and technology for institutional investors, has integrated its options analytics solution, VoleraFEED, with SpryWare's Market Information Server.
The integration provides options market participants with the advanced computing power and access to fast, quality market data needed to deliver low-latency, real-time options analytics to drive advanced trading strategies, according to Hanweck and SpryWare, a provider of ultra low latency feed handlers and direct market data technology.
This new offerings adds to Hanweck’s existing VoleraFEED integrations, including ACTIV Financial’s ACTIVFeedDirect and IDC’s PlusFeed. Financial firms can now use VoleraFEED with the SpryWare MIS to quickly process and capture market data in one offering.
"Our customers require technology that can tackle the fast growing options data volumes without simply throwing more servers at the problem" says Mike Kreutzjans, director and co-founder at SpryWare. " Our model fits well with Hanweck Associates' hardware-accelerated analytical platform, and we are very pleased to partner with them to offer this solution to our customers."
Built upon Hanweck’s 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 milliseconds of latency, according to Hanweck.
“Surges in market data volumes coupled with the extreme volatility in the market present a substantial challenge for options market players,” comments Jerry Hanweck, CEO of Hanweck Associates. “By combining VoleraFEED with the SpryWare Market Information Server, clients can quickly capture, digest and analyze huge quantities of options market data in one high-performance, cost effective data platform that helps them drive their options trading strategies and effectively manage market volatility.“
