Breaking news live fom Chicago: CBOE LIVEVOL to launch Amazon-style new website for market data, all traders welcome

One thing that has become patently apparent after several discussions with senior executives within Chicago’s institutional FX industry is that the finely honed technology that not only powers the leading edge exchanges and derivatives market places across the Windy City, but was indeed developed and operated by them, is now being taken into the wider […]

Breaking: CBOE LiveVol to launch new website for market data

One thing that has become patently apparent after several discussions with senior executives within Chicago’s institutional FX industry is that the finely honed technology that not only powers the leading edge exchanges and derivatives market places across the Windy City, but was indeed developed and operated by them, is now being taken into the wider audience, including the retail FX market.

Indeed, just one year ago, it would have been unthinkable that a retail trader would be able to use trading systems and news feeds that have long been the preserve of proprietary trading shops and Chicago’s very own urbane and advanced exchanges, largely due to the prohibtive costs that such levels of advancements generate.

There is, however, a turning point on the ever approaching horizon.

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Andrew Saks-McLeod with Catherine Clay of CBOE LIVEVOL, and the company’s proprietary platform

Today, here at FinTech Exchange 2016, here in Chicago, America’s institutional technology heartlands, CBOE LIVEVOL has exclusively revealed that it is launching a brand new website next week, under the name Data Shop.

Catherine Clay, CBOE LIVEVOL’s VP Business Development spoke to Andrew Saks-McLeod, CEO of FinanceFeeds to explain how the new site revolutionizes the method by which all traders can now obtain data, and the top level institutional information is now on its way to the retail trader.

A whole new website that embraces the Amazon-style shopping experience

Ms. Clay explained “Next week we are going to launch a new market data website called Data Shop where we are offering clients the ability to customize an historical data set or data subscription with an Amazon-like shopping experience.”

“The client can go online, create an account, customize in fine detail, pay for orders and receive an automated instruction on where to collect their data” she enthused. “All orders will be remembered, as will shopping behavior, and therefore it streamlines their shopping experience, in a similar way to how today’s consumers are used to this methodology with e-commerce sites such as Amazon.”

Ms. Clay then revealed that a very significant enhancement is due to occur

“Market Data Express is expected to be migrated to this new website over the course of the next year, so that all of the data that CBOE has will now be available on this new website.”

Market Data Express ( MDX ) which is a benchmark institutional platform that gives users quick and easy access to market data, ranging from end-of-day summaries and comprehensive CBOE & CFE (Chicago Futures Exchange) Time-and-Sales reports to sorted to user-friendly OPRA Time-and-Sales data will be now available to all users across every aspect of the trading sector, including retail users.

Traditionally, CBOE LIVEVOL’s service has been aligned with similar services from companies such as  Onetick, iVolatility, and Interactive Data, however the move to a new site heralds a new, cross section of users and reach for CBOE LIVEVOL.

Live next week, Data Shop is built on Cassandra architecture with a Spark overlay, that allows such deep customization that even smaller clients will be able to buy data. “We are going from a fire hose approach to a completely customized experience with Data Shop” concluded Ms. Clay.

 

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