Hanweck Associates, a premier financial services provider specializing in risk management systems and technology for institutional investors, today announced its addition of European markets coverage to its high-performance, hardware-accelerated options analytics solution, VoleraFEEDâ¢. Hanweck will now calculate and disseminate real-time options analytics, including implied volatilities and greeks, from Deutsche BÃ¶rse's Eurex derivatives market and Euronext through a strategic partnership with ACTIV Financial.
In response to client demand, Hanweckâs VoleraFEEDâ¢ hardware-based options analytics engine will now connect directly to ACTIV Financial's UK ticker plant to run analyses against ACTIVâs low-latency options data feeds. Hanweck will also use ACTIV to disperse the feed, redistribute calculations back into ACTIV's ticker plant for userâs access, running VoleraFEEDâ¢ as a dataset on the ACTIVFeed product. VoleraFEEDâ¢ is also customizable to include specific features such as proprietary valuation models or yield curves for those using ACTIV for individual clients.
âUS traders are expanding their horizons and adopting cross-border trading strategies,â said David Hann, managing director of EMEA at ACTIV. âWeâve this trend make steady and rapid growth increasing demand for access to European options markets confirming the buy-side need for a sophisticated analytics engine.â
Global top-tier banks, broker/dealers, options exchanges and hedge funds rely on VoleraFEEDâ¢ to provide their quantitative options analytics. Built upon Hanweckâs pioneering GPU-based Voleraâ¢ options analytics engine, VoleraFEEDâ¢ enables market participants to run complex analytics on the entire U.S. Options Price Reporting Authority (OPRA) universe â 300,000+ options on 3,500+ underlying stocks, indices and exchange traded funds (ETFs), plus options on futures â all with just milliseconds of latency. Dozens of times faster than conventional CPU-based systems, Voleraâs innovative technology reduces operational costs by 90 percent, drives advanced trading and risk management solutions, and seamlessly scales to meet escalating options message rates.
âOur clientâs found navigating the European markets without a real-time analytics was absorbing a significant amount of their resources,â said Gerald Hanweck, CEO of Hanweck Associates. âProviding values for volatility and Greeks through one concise portal addresses the European market data trend and demand. We hope to continue to expand into other markets, particularly Asian, to cater to our clients trading trajectories. â