OptionMetrics Uses Fastor

OptionMetrics leverages SpryWare FASTOR for intelligent and accurate market data

October 9, 2008

2 Min Read
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NEW YORK -- SpryWare, a technology provider of low-latency standardized financial market-data via direct exchange feeds, announced today 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, the leading provider of intelligent data that turns volatility into opportunity, is able to provide clean, accurate and smart data for its customers. Since switching from another data provider to FASTOR, OptionMetrics has experienced a 50 percent increase in data accuracy and outstanding customer service.

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. Applying this protocol to mass storage of tick-by-tick data, SpryWare is able to make available very large amounts of tick data in an ultra compact format. The FASTOR archive is immediately available to companies like OptionMetrics and is much easier to manage because of the compact size. Instead of the traditional 10:00 p.m. data reporting, OptionMetrics now receives this data several times a day from FASTOR and leverages it in its products to ensure that its customers have the most up-to-date and accurate options data possible.

"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.


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