Interactive Data, a provider of financial market data and analytics, has announced that its pricing and reference data business has introduced the Options Volatility Service, a new offering that delivers a relational database of end-of-day implied volatilities, options risk parameters and volatility surfaces across the US options market to help clients assess risk.
According to the company, the Options Volatility Service is an offering that leverages Interactive Data’s options delivery capabilities. The service will deliver daily closing implied volatilities for more than 6,000 US companies with listed options during the past 10 years. It also will provide end-of-day pricing, splits and other corporate actions, along with US options analytics information, including risk parameters and sensitivity gauges calculated by Hanweck Associates, which provides trading, risk management and investment systems and strategies for financial institutions.
The company said that traders, quantitative specialists, hedge fund managers, risk officers, as well as software application and risk management vendors, can utilize this service to assess the risks associated with market volatility. The service can help them to create consistent risk reports across varied positions, analyze positions thoroughly, evaluate debt versus equity positions, conduct research and price their variable annuities.
The company also said that it is working with Hanweck to develop the Options Volatility Service, which combines Interactive Data’s pricing and reference data, including corporate actions, for millions of financial instruments and Hanweck’s sophisticated analytics capabilities.
The company noted that the Options Volatility Service will support a wide range of database environments such as Microsoft SQL Server, Oracle and MySQL. Clients will also be able to access the database with their own research tools and connect to proprietary applications. The service is designed to support access to millions of data points for implied volatilities and risk measures.
Robin Simpson, managing director of Reference Data at Interactive Data, said: With the launch of the Options Volatility Service, we will be able to provide timely and critical information to help clients assess risk exposure and make informed decisions. This new offering will help to further expand Interactive Data’s services to meet the needs of middle and front office clients by assisting them with managing the underlying data that powers their risk management applications.
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