Opening Cross: Pump Up the Volume
For example, Vesel Interactive is rolling out different ways of leveraging volume data, allowing brokers to basically advertise their proficiency at dealing with trades in volumes that demonstrate their liquidity and expertise in specific option symbols, while also allowing clients to query brokers specifically based on volume-related criteria—and not only for single options, but also for an entire industry or sector to elicit the broadest response from brokers able to work orders in similar symbols. Not content with just applying this to options markets, the vendor is working on ways to expand its capabilities to different asset classes—though chief executive Joseph Wesley says details of that project are strictly under wraps for now.
Volume isn’t such a big deal for Flex options, which still account for a small portion of the traded options market. But that small portion is growing in popularity and sufficient that New York-based Trade Alert has integrated Flex options trade data—painstakingly sourced directly from each options exchange, rather than from the OPRA consolidated feed—alongside regular listed options.
However, like the Vesel model—which one observer described as “Autex for options”—Tradeweb recently added different types of trade data to its exchange-traded fund platform, as a way of advertising the trade data generated by its exchange-traded fund market, to not only create a more transparent ETF marketplace, but also encourage more participation by demonstrating liquidity levels that can be achieved.
Aside from volume, another thing that all new parents seemingly become obsessed with is celebrating baby’s achievements, no matter how minor (and yes, healthy poops are a big cause of celebration, though sleeping for several hours at a time is even better), and taking immense pride in what to others would seem hardly noteworthy. So speaking of taking pride in one’s achievements, allow me to shamelessly plug this year’s Inside Market Data and Inside Reference Data Awards, which take place on May 20 in New York, and for which the voting cutoff and deadline to submit in the call-for-entry categories have just been extended to close of business on Friday, April 10, giving you a little extra time to vote for the supplier that’s impressed you most over the past year, or to complete your nominations.
And if you haven’t submitted a nomination in our call-for-entry categories, why not? There’s a category to recognize everyone’s achievements. End-users and vendors can both submit entries (vendors can even submit client projects—with the firm’s approval, of course—or individuals and teams that have made an impact at client firms), and I’d like to call everyone’s attention to our Above & Beyond Award, which recognizes what data professionals do outside work that contributes to a greater good.
So get voting in the online poll, and get nominating yourself, your colleagues and the projects you’ve worked on via our call-for-entry page. And rally a volume of support from your colleagues. Because if you win, you’ll find yourself onstage collecting your award from this year’s celebrity guest. Last year, it was basketball legend Walt “Clyde” Frazier. Who will it be this year? Like the final winner list, you’ll just have to wait and see!
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
This Week: IPC extends Google Cloud partnership, BlackRock/AIA, DTCC and more
A summary of the latest financial technology news.
Waters Wavelength Podcast: Deutsche Bank’s Boon-Hiong Chan
Boon-Hiong Chan from Deutsche Bank joins the podcast to talk about blockchain interoperability.
SocGen pushes data, analytics use cases for SG Markets
The bank is letting a handful of clients experiment with its proprietary data and models to inform their research.
Ace high or busted flush? Digital Asset’s mixed fortunes mirror DLT adversity
The vendor hoped to remodel post-trade using blockchain technology—and it still might—but its bumpy progress raises questions over the future of DLT in finance.
AI could cut time for money laundering checks by 99%
Leading crypto exchange rolling out large language model for enhanced due diligence checks.
Standard Chartered keeps faith with quantum experimentation
The bank is aiming to future-proof itself with the ability to adopt new technology at an early stage.
Waters Wrap: CME, Google and the pursuit of ultra-low-latency trading
CME Group and Google have announced Aurora, Illinois, as the location for the exchange’s new co-location facility. Anthony explains why this is more than just the next phase of the two companies’ originally announced project.
This Week: Genesis/Interop.io; S&P Global; Finos/OS-Climate and more
A summary of the latest financial technology news.