dxFeed Supplies Market Data to Options AI Trading Platform

dxFeed, a leading market data provider, delivers data from NYSE, NASDAQ, and OPRA Exchanges to Options AI trading platform.

dxFeed, a leading provider of market data for the global financial industry today announces its partnership with Options AI, the first brokerage specifically designed for spread trading in stocks and ETF’s.

The Options AI trading platform radically simplifies spread trading by removing options chains, greeks and confusing payout diagrams while introducing interactive market data visualization. With one click on its powerful chart based interface, active traders are able to skip the traditional legwork associated with option trading to generate and compare trades that fit their view.

Along with the low latency market data from NYSE, NASDAQ, and OPRA Exchanges, dxFeed powers the Options AI trading platform with the proprietary calculated Greeks and Implied Volatilities. dxFeed calculates its Greeks and IV based on the theoretical option prices estimated by the dxPrice model-free algorithm. It works well even for the cases with low liquidity and high market volatility.

“When launching a radically new trading platform, where option chains have been removed and the complexities of options spread trading made simple through a powerful visual interface, we required a data partner that could support our very specific needs,” said John Foley, CEO of Options AI. “We are excited to announce our partnership with dxFeed, a global leader in market data solutions, to power the Options AI platform and help us as we drive innovation in retail options trading.”

Oleg Solodukhin, CEO of dxFeed added: “We are always looking for non-standard solutions to common problems as a way to express our ingenuity and to expand our portfolio of services with innovative products. Options AI is a great partner in sharing these ideals and we hope that this collaboration will prosper in the future.”

For more information on the Options AI platform click here.

Read this next

Executive Moves

Finalto recruits Antony Parsons as head of liquidity

Finalto, the financial trading division of Gopher Investments, is making a broader push into the liquidity provision space, culminating in a new appointment focused on expanding the business into new markets.

Digital Assets

Huobi introduces Tether’s stablecoins pegged to euro, gold

Huobi, the world’s sixth-largest crypto exchange by trading volume, is set to introduce for its clients two stablecoins representing ownership of physical gold and Euro-pegged tokens.

Retail FX

Saxo Bank reports lackluster volumes for November; FX up 40% YoY

FX trading volumes through Saxo Bank’s platforms improved slightly in November, extending its volatile curve as investors continued to weigh central banks’ policy against concerns over a global economic slowdown.

Executive Moves

CMC Markets taps Finalto’s Julia Free to head UK compliance

CMC Markets PLC (LSE:CMCX) has onboarded Julia Free as its newest head of UK compliance as part of a broader organizational reshuffling at the UK’s biggest spread better.

Digital Assets

Ankr successfully patches hack, will reimburse victims and take actions to prevent further attacks

DeFi protocol Ankr plans to reimburse its affected users after a hacker managed to exploit a bug in its code that allowed for unlimited minting of its liquid staking token.

Industry News

ASIC cancels/suspends AFS license of AFSL Group and Quantum Funds Management

ASIC canceled the AFS license of AFSL Group because it failed to lodge statements and audit reports and it did not maintain AFCA membership. The Australian regulator suspended Quantum because it does not have the required professional indemnity insurance coverage.

Executive Moves

BidX Markets hires Shaun French as Research Analyst – Multi Asset

“We believe with his background in the Financial Markets and being based in Dubai, he will be able to provide our clients with access to outstanding research, while also being in a great location to help support our international clients base which is growing at a rapid pace’’.

Institutional FX

Nasdaq migrates US options exchange to AWS with +10% performance in round-trip latency

Nasdaq has announced the successful migration of the core trading system of Nasdaq MRX – one of its six U.S. options exchanges – to Amazon Web Services (AWS).

Institutional FX

TraditionData launches oil swaps pricing data at a critical time in OTC oil traded markets

TraditionDATA has announced the release of a new proprietary Oil Swap Model (OSM) which brings further visibility into illiquid and opaque oil markets.