OTC Derivatives Reform
Big Data in Options Markets
02 January 2013:
Jeff Soule, Head of Market Data for ISE, and Jerry Hanweck, CEO of Hanweck Associates, discuss the enormous growth in options data and explain the benefits of the firms' Premium Hosted Database, a one-stop shop for options data. With TABB's Head of Derivatives, Andy Nybo.
Related: View TABB's Options Liquidity Matrix.
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3 Comments to "Big Data in Options Markets":
prowady
02 January 2013
Andy: good video. how much history does 300 TB cover? also, perhaps a brief definition of mini options for those that are not close to these products.
Comments (77)
hanweck
03 January 2013
prowady: 300 TB of data covers about 5 years of OPRA tick data and U.S. Level 1 tick data (CTA and UTP consolidated tapes); all trades and quotes for both.
The new mini options are scaled-down options. The deliverable per contract is 10 shares, instead of the 100 shares of the "standard" contracts.
Here are two links:
http://www.ise.com/assets/documents/AboutISE/PressRelease/CompanyNews/2012/20121126$ISE_is_First_Exchange_to_Announce_Mini_Options_Launch_on_March_18.pdf
http://www.nyse.com/pdfs/NYSE%20Arca%20Options%20Minis%2011262012.pdf
-Jerry Hanweck
Comments (5)
Andy Nybo
03 January 2013
Jerry,
Thanks for the clarification. I also wrote a commentary on mini options that can be found at http://tabbforum.com/opinions/mini-options-big-opportunities-bigger-challenges.
Andy