Exclusive Online Only ContentISE and Hanweck Associates Announce Strategic Partnership
February 3, 2010
The International Securities Exchange has made a strategic investment in Hanweck Associates, a financial services provider specializing in high-performance risk management and trading solutions for institutional investors.
ISE's minority investment will help Hanweck Associates support further product development, expand its sales and technical support teams, and meet the increasing market demand for real-time options analytics as the options industry continues to grow, the companies said in a joint statement.
"We believe that Hanweck Associates' cutting-edge technology for real-time options analytics is groundbreaking for the financial industry, and we are excited to partner with them as they expand their risk management and financial analytics tools for the options market and other financial sectors," said Gary Katz, president and CEO of ISE. "As an industry leader in high-performance, low-latency computing technology for options market data, we also look forward to collaborating with Hanweck Associates to enhance ISE's suite of market data product offerings."
Most recently, Hanweck Associates has seen the expansion of its options analytics feed, VoleraFEED, to vendor platforms including ACTIV Financial, Interactive Data and SpryWare. In partnership with Interactive Data, Hanweck Associates also released its Options Volatility Service, an historical, end-of-day options and analytics database service.
"As options trading volume and quote traffic continues to surge, conventional market data systems are struggling to keep pace," said Gerald A. Hanweck, Jr., PhD, CEO of Hanweck Associates. "The support of ISE, with its history of excellence in electronic options trading, will undoubtedly help us broaden our reach and take these applications to an entirely new level of performance."
