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NYSE Technologies Announces Filtered Options Feed and TAQ Options Data Products
New York, NY, May 12, 2011 -- NYSE Technologies, the commercial technology division of NYSE Euronext, today announced the launch of two new products designed to help firms better manage the growth in quote capacity requirements for U.S. options trading. The Filtered Options Feed helps market participants better define and isolate key quotes and market information while the TAQ Options service offers users a complete end-of-day file and access to a 6-year historical archive of all U.S. options quoting activity from Options Price Reporting Authority (OPRA).
“In evaluating the needs of the U.S. options industry, we found that nearly every market participant could benefit from a quote management solution that eliminates unnecessary data but reliably filters and retains key, actionable data,” said Mark Schaedel, Senior Vice President, Global Data Products, NYSE Technologies. “We are excited to deliver a truly complementary product offering in the Filtered Options Feed and TAQ Options products that together allow customers to balance their daily trading requirements with their long-term strategy development and modeling. These products, whether used separately or as a combined solution, effectively lower costs and dramatically improve efficiency in U.S. options trading.”
The Filtered Options Feed provides customers with a highly flexible, fully managed market data feed that filters U.S. options market information using specific parameters designated by customers. This significantly lowers bandwidth requirements and reduces processing needs while maintaining immediate access to relevant trading data. Delivered over the SFTInetwork and hosted from NYSE Technologies’ U.S. Liquidity Center, this innovative solution allows customers to effectively use OPRA data without incurring the costs and complexities of connectivity management and the ongoing maintenance for a standard options data feed.
The historical TAQ Options service offers customers the ability to receive an end-of-day quote report of all the day’s OPRA market data. This data product complements the Filtered Options Feed by ensuring that customers have access to all the information necessary to create and manage their proprietary trading strategies while reducing the daily processing impact and the growing operational overhead associated with high levels of intra-day quote processing and long term capacity planning.
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About NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies provides broadly accessible, comprehensive connectivity and transaction capabilities, data and infrastructure services, and managed solutions for a range of customers requiring next-generation performance and expertise for mission critical and value-added trading services. NYSE Technologies offers a diverse array of products, services and solutions to: the Buy Side, including order routing, liquidity discovery and access to a community of over 630 Broker-Dealers and execution destinations globally; the Sell Side, including high performance, end-to-end messaging software and innovative market data products delivered on the world’s largest, most reliable financial transaction network; and Market Venues and Exchanges, including multi-asset exchange platform services, managed services and expert consultancy. With offices across the U.S., Europe, and Asia, NYSE Technologies offers advanced integrated solutions for the global capital markets community, earning the ability to power trading operations for many of the world’s best financial institutions and exchanges. For additional information visit: www.nyse.com/technologies.
Disclaimer and Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2010 ("document de référence") filed with the French Autorité des Marchés Financiers (Filed on April 19, 2011 under No. D.11-0333), 2010 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.