Options Trading Gets Boost as Exegy And BMLL Partnership Tackles Data Challenges ⋅ Crypto World Echo
Exegy andBMLL Technologies have announced an expansion of their existing partnership,focusing on integrating historical and real-time data for U.S. equity optionstrading.
Exegy and BMLL ExpandPartnership for OPRA Options Data Integration
Thecollaboration aims to address challenges in processing Options Price ReportingAuthority (OPRA) data, which aggregates and disseminates pricing informationfor listed options contracts in the United States.
BMLL, aprovider of historical financial market data and analytics, has recently addedU.S. Equity Options data to its offering. This new dataset utilizes Exegy’sAxiom as its real-time data source. Exegy specializes in market data andtrading technology solutions.
“InNovember 2024 we announced the availability of six years of historical,nanosecond unconflated OPRA options data in a cloud-based environment via BMLLData Lab and BMLL Data Feed through Amazon’s AWS S3,” Paul Humphrey, CEO ofBMLL, said.
“Inaddition, BMLL can also conflate OPRA data at speeds required by our customersand partners, mapping our data to the format of Exegy’s real-time data. Thismeans that if clients are backtesting historical data and find alpha, they canquickly and efficiently replicate that format in the real-time world,” headded.
Thepartnership seeks to create a unified data stream that combines real-time andhistorical market data. By leveraging Exegy’s conflation algorithm, thecompanies aim to provide consistent data across both real-time and historicalplatforms.
Lookingahead, the companies plan to integrate the BMLL Data Feed into Exegy’s XCAPIAPI in 2025. This integration is intended to simplify the transition betweenhistorical data research and real-time production systems for mutual clients.
“We areexcited to strengthen our partnership with BMLL Technologies, enhancing thevalue we bring to our clients,” commented David Taylor, the Chief ExecutiveOfficer at Exegy. “BMLL’s use of our trusted real-time OPRA data in itshistorical dataset underscores the quality and reliability of our solutions. Welook forward to continuing our collaboration, empowering clients with robusttools for comprehensive research, backtesting, and more informed tradingstrategies.”
Pico Alliance
Two monthsago, BMLL announced another partnership with Pico, a technology servicesprovider for financial markets, aimed at integrating real-time and historicaldata solutions for financial institutions.
Thecollaboration seeks to address the increasing demand for simultaneous access tocurrent and past market information, with the goal of enhancing researchcapabilities, liquidity analysis, and overall trading performance.
Thecombined offering is designed to provide a comprehensive solution for a rangeof financial professionals, including quants, banks, and brokers. It aims tosimplify the transition from research to live trading while optimizingperformance and reducing operational complexity.
This article was written by Damian Chmiel at www.financemagnates.com.
