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October 8th, 2008 - SpryWare moves end-of-day historical data closer to real-time

OptionMetrics leverages SpryWare FASTOR for intelligent and accurate market data


 

Daniel May, Director and co-founder, SpryWare: "As a specialist of low-latency market-data, we knew we were the perfect fit to ensure OptionMetrics was achieving the best and most precise data possible."

SpryWare has announced that OptionMetrics is leveraging SpryWare FASTOR as a resource and archive facility for every trade and quote from all major equity, option and future exchanges.  Using FASTOR, OptionMetrics is able to provide clean, accurate and smart data for its customers. 

SpryWare FASTOR is an archive of all trades and quotes for equities, options and futures stored in the FIX Adapted for Streaming (FAST) format.  The FAST Protocol, co-authored by SpryWare, is the highly compact market-data standard that radically reduces the bandwidth required to transmit ever-increasing real-time market-data message rates.

"We wanted to work with a data provider that understood the technology and business of the options market," said David Hait, CEO of OptionMetrics. "From the first conversation with SpryWare, they understood our very specific needs and worked to deliver exactly what they promised.  For us, the business benefits of working with SpryWare have been phenomenal.  We receive all of our data, timely and accurately with the satisfaction of knowing that we are working with a provider that understands and cares about our business.”

OptionMetrics’ products, OptiGraph and Ivy DB allow customers to view historical options pricing and use this information to leverage implied and historical volatility

"As a specialist of low-latency market-data, we knew we were the perfect fit to ensure OptionMetrics was achieving the best and most precise data possible," said Daniel May, director and co-founder of SpryWare.  "With our expertise on normalizing and compressing data to achieve as low-latency as possible, we saw it as a great opportunity to apply the same techniques to stored historical data. The result was FASTOR, a concise, compact historical data store that delivers the pertinent market data events in an efficient, easy to use delivery platform."

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