Exhibitors
ACTIV Financial
ACTIV Financial is a full-service market data vendor specializing in the delivery of low-latency, high-availability market data designed to support algorithmic & automated trading systems, trader workstations, auto-quoting market maker applications and ticker plants. ACTIV delivers high volumes of full-tick data such as full OPRA feeds and order book detail cost-effectively. Over 230 clients globally use ACTIV including many of the financial industry’s Tier 1 financial institutions, exchange specialists and market makers, as well as innovative hedge-fund and prop-trading shops. All of ACTIV’s ticker plants whether hosted by ACTIV, installed in our customer’s datacenter or placed in a co-location facility are fully managed by ACTIV’s operations department. ACTIV’s data team constantly manages the data published by the exchanges, interprets intra-day adjustments and corporate actions, and maintains complex inter-relationships between securities. ACTIV’s technology and business structure facilitates delivery of low-latency market data, but without the high Total Cost of Ownership (TCO).
Acquire Media
Acquire Media is a leader in content aggregation and real-time distribution for financial services professionals, corporate enterprises and publishers. We specialize in technology driven solutions designed to deliver real-time news and other time sensitive content tagged with a robust taxonomy and with unsurpassed accuracy. The Acquire Media NEWS•TRADE suite of products provides these and other features specifically to meet the needs of the financial services industry.
NEWS•TRADE provides a range of desktop, server and API-based news solutions all aimed at satisfying the industry’s need for speed and reliability including use within algo trading applications. With near-zero latency, NEWS•TRADE is ideal for traders, hedge funds, brokerage and investment research firms, and other time-sensitive applications.
American Stock Exchange
The American Stock Exchange® (Amex®) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists nearly 400 ETFs. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks.
Ballista
Ballista is the first electronic liquidity pool for equity options and delta-neutral transactions. Specifically designed to aggregate both public and passive liquidity, Ballista offers clients unprecedented efficiency in block option trade execution. At its core the Ballista platform provides the buy-side a direct communication link to all potential contras via a limit book interface and unique negotiation functionality. Specialty order types offer users a choice of order exclusivity or order concealment, features currently unavailable in today's market. Ballista offers multiple executions pathways - a front-end application for trader interaction, or a FIX-based interface supporting programmatic order flow from algorithmic trading engines and OMS/DMA platforms.
In summary, Ballista offers the trading community a more efficient, less expensive way of executing block option and delta-neutral trades. Ballista: The Evolution of Derivatives Trading.
Chicago Board Options Exchange
The Chicago Board Options Exchange, founded in 1973, is the creator of listed options and the nation's largest options marketplace. CBOE is the industry leader in product innovation, having created equity options, index options, LEAPS, and, more recently, "Weeklys SM" and Options on VIX® - CBOE's widely followed investor "fear gauge." CBOE, long at the forefront of options education and advocacy, is also home to the world-renowned Options Institute and CBOE.com, the Exchange's award winning website.
Derivix Corp.
The Derivix Real-Time Options Pricing System is designed and built for the most discriminating traders. Navigate options chains, real-time implied volatilities and greeks, positional risk exposure, and simulated "what-if" scenarios with unprecedented speed and ease. Enjoy the exceptional edge of the Derivix "Volatility Time" options pricing model, especially before expiration and earnings. Quickly dispatch orders to your preferred brokers or algorithms without losing visibility into real-time markets and pre-trade analytics. Demand the cutting-edge craftsmanship of Derivix.
Derivix is the exclusive provider for advanced real-time options analytics within the Goldman Sachs Electronic Trading Signature Program.
FlexTrade
Founded in 1996, FlexTrade Systems Inc. is the industry pioneer and global leader in broker-neutral algorithmic trading platforms and execution systems for equities, foreign exchange and listed derivatives. FlexTRADER, our flagship platform for algorithmic trading, is widely viewed as unique in the industry for its high performance and multi-asset capability. With offices in North America, Europe and Asia, FlexTrade has a worldwide client base spanning more than 120 buy- and sell-side firms, including many of the largest investment banks, hedge funds, asset managers, commodity trading advisors and institutional brokers. Clients include Bank of America, Bank of New York, Barclays Global Investors, HSBC Investment Bank, Jefferies & Company, Inc., Sanford C. Bernstein & Co., LLC, UBS Global Asset Management and Wachovia.
International Securities Exchange
The International Securities Exchange operates a family of fully electronic trading platforms, creating efficient markets through innovative technology and market structure. ISE's markets portfolio consists of an options exchange and a stock exchange. As the world's largest equity options trading venue, ISE offers equity, ETF, index, and FX options. The ISE Stock Exchange trades approximately 6,000 products, and is the only fully electronic equities platform that provides the opportunity for continuous price improvement through the interaction of its non-displayed liquidity pool, MidPoint Match, and its displayed stock market. ISE Alternative Markets is scheduled to launch in 2008 and will offer an events market trading platform for derivatives auctions. To complement its markets and enable investors to trade smarter, ISE creates innovative new products including a portfolio of proprietary indexes and enhanced market data products for sophisticated investors.
Investment Technology Group
Investment Technology Group, Inc. (NYSE:ITG) is a specialized agency brokerage and technology firm that partners with clients globally to provide innovative solutions spanning the entire investment process. ITG offers two broker-neutral options platforms as well as a full range of market-leading trading solutions, including EMSs, OMSs, pre-trade and post-trade analytics, global FIX connectivity, POSIT® crossing, and ITG AlgorithmsSM. ITG Matrix™ offers low-latency multi-asset trading tools and connectivity. With direct market access to all US exchange-traded options on equities and indices, the system supports spread and volatility trading and incorporates a full range of greeks. ITG Matrix facilitates black-box and automated trading with high-speed capabilities for trading equities, options, futures, fixed income and foreign exchange from one platform. API access is also available. ITG’s Radical™ is used by active single-stock traders to efficiently execute stock and options trades side by side in US and major European markets. For more information, please visit http://www.itg.com.
IVolatility.com
IVolatility.com has specialized in providing professional services in the derivatives marketplace for over 10 years. The powerful IVolatility.com database compliments our sophisticated technology to deliver analytics and data to institutional trading desks, hedge funds, options traders, and risk managers world wide.
Our professional services include a comprehensive risk management system with order management, real time market data, and volatility feeds, unique data sets (North America & Europe) which include three surface data sets, our proprietary IVX data set, NBBO, and others. Futures markets are also covered. We offer a dispersion trading tool as well as scanners and rankers for all markets.
We will be launching our retail execution platform in the 2nd quarter.
LiveVol
Founded, financed, and operated by professional market makers and traders looking for better tools in the new electronic marketplace, Livevol, Inc. is a financial market data provider specialized in the rapidly growing equity options market. Livevol maintains a variety of both unmodified and calculated data sets from historical tick data for time-series analysis to real-time databases for querying post-processed market data. The Livevol Suite offers something for everyone, from large banks and brokerage firms to professional traders looking for superior research.
Logical Information Machines
LIM is the leading provider of time series data management, data mining, and data analysis capabilities that allows you to identify profitable trading strategies, unique trends, or inherent market, security or economic risks that have not been fully discounted, or even recognized, by the market. We are the leaders when it comes to aggregating, normalizing and cleansing equity, energy, economic, fixed income options, and event data from over 250 data sources. Data is transmitted to you at daily, hourly, and customized frequencies.
Merrill Lynch
For more than twenty-five years, Merrill Lynch has been a premier provider of execution, clearance and financing services to: professional traders, broker dealers, electronic/remote/floor-based market makers, and specialists around the world. With a global management structure, responsive local support, comprehensive product offering and solid balance sheet, Merrill Lynch is uniquely positioned to support its clients' complex product and service needs. These products include: equities, listed options, futures, equity, fixed income & commodity based exchange traded funds, and various over-the-counter products. Our leverage and financing solutions include risk-based haircuts and portfolio margining.
We have over 500 dedicated professionals supporting our clients, offering an open client service model with global & regional coverage. Our offices are located in New York, Chicago, Philadelphia, San Francisco, London, Tokyo, Hong Kong, and Sydney.
MIXIT
MIXIT is the leading provider of advanced trading technology and FIX connectivity services to the financial industry. Our integrated suite of products allows firms to trade and communicate with clients in the most anonymous manner. Our expertise, advanced technology, neutrality and commitment to the highest levels of service provides the foundation for our customers business to prosper.
NYSE Arca
NYSE Euronext operates the world's largest and most liquid exchange group. The NYSE Arca Option trading platform provides speed, transparency and reliability. All participants are provided unlimited access with no restrictions or cancellation fees. NYSE Arca's unique market model includes innovative post/take pricing, unique order types, low entry costs and immediate routing of all orders regardless of customer type.
OptionMetrics, LLC
OptionMetrics was established in 1999 to provide the most reliable historical options pricing and implied volatility data available anywhere. Our core product, the IvyDB US Options Database, has become the industry standard for complete historical equity and index options prices, accurate implied volatility calculations, and daily interpolated volatility surfaces. Currently, 140 institutional customers and academic institutions subscribe to IvyDB. Based on strong demand from our customers, we recently released IvyDB Europe, which is a separate database covering the major European markets. Our front-end product, OptiGraph, is the first tool developed specifically to quickly chart historical implied and realized volatility levels on any optionable US equity on index going as far back as 1996, and to compare volatilities between several underlying securities, or across different maturities of the same security. Please contact us for more information or a demo account on any of our products.
Orc Software
Orc Software (SSE: ORC) is a leading global provider of technology for advanced derivatives trading and connectivity. Celebrating 20 years in 2007, Orc provides solutions and services to its worldwide customers from its offices across Europe, North America and Asia Pacific. Orc Software's customers include leading investment banks, trading and market-making firms, exchanges, brokerage houses, institutional investors, hedge funds and software vendors.
Orc's customers use Orc solutions for equity options market making, options trading, futures spreading, and other advanced derivatives trading requirements. In addition, CameronFIX, the number one Financial Information Exchange protocol (FIX) platform and Orc connectivity solution, is used as a FIX platform by major members of the global financial industry.
Philadelphia Stock Exchange
The Philadelphia Stock Exchange (PHLX) offers a one-connection gateway to trading in stocks, equity options, index options, currency options and futures. The PHLX provides state-of-the-art order delivery and execution with its technologically advanced and consistently reliable trading systems. For options trading, the PHLX XL platform combines the best attributes of electronic and floor based trading enhancing the PHLX's position as the marketplace that delivers leading edge technology. In response to the needs of the marketplace, the PHLX introduced U.S. dollar-settled PHLX World Currency options that give traders and investors the ability to participate in the foreign exchange market with the ease and flexibility provided by options. The PHLX is also recognized as the nations leading “Sectors Index Options Exchange” offering 23 sector index options including the industry benchmark PHLX Gold/Silver Sector (XAU), PHLX Semiconductor Sector (SOX), PHLX Oil Service Sector (OSX), PHLX Housing Sector (HGX), and the new PHLX Marine Shipping Sector (SHX). The Philadelphia Board of Trade (PBOT), currently offering PBOT World Currency Futures, rounds out the multiple trading opportunities provided by the PHLX through its one connection gateway.
Tervela
Tervela delivers the next generation communications infrastructure, the message network, designed to exceed the information dissemination and processing requirements of the world's most demanding financial services institutions. Addressing the challenges of market volume, volatility, and visibility, Tervela invented the message switch to enable investment banks, hedge funds, exchanges, and other data intensive financial environments to deliver consistent, outstanding, and predictable performance - even in the most severe market conditions. Tervela not only seamlessly solves messaging challenges today, but supplies a long-term platform that will continue to deliver sustainable speed, continuous stability, and unlimited scalability.
Track Data
Track Data will display its suite of option products including the new Option Scanning Front End for OpTrack and Track Notes. The new OpTrack scans all six markets for undervalued / overvalued opportunities. Choose any strategy, import proprietary data points, download results to excel or email. OpTrack delivers opportunities. Our Track Notes news service keeps today Options Traders on top of the significant movements in today’s options markets.
Trade Alert
Trade Alert, LLC is a software and services company focused on the synthesis and distribution of real-time market intelligence to professionals in highly automated and fragmented markets. Our flagship service, OptionAlert, helps market participants interpret order flow dynamics as trades occur, regardless of executing broker or exchange. A unique combination of low-latency market data, real-time analytics, and customization delivers trades of interest, market sweeps, unusual volume conditions, implied volatility moves and additional quantitative ‘market color’ to facilitate informed decision-making and intelligent discussion with clients. For quantitative modeling and systems integration, our Tradabase historical dataset provides a complete and manageable open file of all OPRA executions, with supporting side-of-market information, accurate sequencing, greeks and more, available same-day via secure internet delivery.
More information can be found in Exhibitor Signup.
