Options Technology and KX partner for market data analytics platform
“The integration of our market data and analytics solutions with KX’s market-leading time series database and Data Timehouse technology will be a game-changer, providing clients with unparalleled insights and enabling them to make informed trading decisions in real-time.”
KX, maker of kdb, potentially the world’s fastest time series database and analytics engine, and a leader in Data Timehouse technology, has partnered with Options Technology for its extensive market data footprint in order to enhance the analytics platform, providing clients with real-time and historical insights.
Options will provide KX with access to its vast repository of market data, including Equities, FX, Futures, Options, and Fixed Income data, as well as advanced market data analytics tools.
Together, the two companies will create a cloud-based, market data analytics platform to deliver enhanced trading outcomes for clients.
“A game-changer”
KX’s analytics engine gives users the ability to analyze and monitor large volumes of time series and relational data in real-time, enabling them to make faster and better-informed trading decisions. The addition of Options’ data will further enhance the platform’s capabilities, providing users with an even more comprehensive view of the market.
Danny Moore, President and CEO of Options Technology, said: “Our partnership with KX marks a momentous occasion for Options Technology and the financial services sector as a whole. The integration of our market data and analytics solutions with KX’s market-leading time series database and Data Timehouse technology will be a game-changer, providing clients with unparalleled insights and enabling them to make informed trading decisions in real-time.”
James Corcoran, Chief Growth Officer at KX added: “The partnership with Options Technology demonstrates our commitment to making it easier for firms to consume market data as a service, by providing a packaged offering so that users can get to value and insights straight away, without having to build and maintain their own infrastructure. It’s a powerful proposition for firms looking to give their data science and quant research teams a greater competitive edge.”
Options Technology brings US options market data feed to Frankfurt FR2
Last week, Options Technology onboarded the U.S. Options market data feed in Frankfurt FR2 by delivering OPRA NBBO (Options Price Reporting Authority – National Best Bid and Offer) in Equinix Frankfurt FR2.
The move allows Options Technology to provide its clients in Europe with access to the most accurate and up-to-date information on US Options markets.
The Options Price Reporting Authority (OPRA) is responsible for aggregating and disseminating price quotations for listed options contracts in the U.S. A broader part of this initiative has led to the investment and deployment of additional infrastructure. This allows clients access to OPRA NBBO via a fully deployed ticker plant. The addition of this market in Frankfurt complements existing availability of global multi-asset class content.
The announcement follows Options Technology’s integration of normalised data services and API. Options provides clients with consolidated access to global market data sources across multiple asset classes, alongside hosted trading infrastructure and direct connectivity to counterparts in the wider capital markets ecosystem.
Options Technology facilitates trading at hundreds of venues worldwide with fully managed infrastructure and connectivity available in conjunction with the firm’s private financial cloud services which combine hosting with direct market access, TCO reduction, and best-in-class resiliency and security.
