Tervela, announced an integrated options market solution designed to exceed the unique and challenging demands of the options industry. The offering couples the Tervela Message Network(TM) with professional services and high-performance options processing capabilities to deliver the predictable low latency, ultra-high message throughput, resiliency and scale required in today's volatile, high-volume trading marketplace.
"As firms pursue cross-asset strategies and add options processing to their trading environments, the demands that legacy financial messaging systems are required to handle increase," said Kevin McPartland, senior analyst, TABB Group. "Market makers and other firms looking to leverage options must be able to seamlessly integrate messaging systems and critical applications like FIX engines, algorithms, market adapters and feed handlers to their current architectures to prevent against system failures or their competition will leap ahead of them - and stay there."
Tervela's options market solution is available as a five-phase program that seamlessly integrates with existing infrastructures to get firms up and running to reliably handle fluctuating market conditions. By integrating various components of the Tervela Message Network with Options Price Reporting Authority (OPRA) data, exchange feeds, last known value services, book services, FIX processing, archival and more, the program can be customized to meet immediate market data distribution, options market making, automated trading and co-location requirements while laying a scalable foundation for the future.
"In today's volatile marketplace, no one understands what peak is anymore. You just can't approach an options project with an equities mentality; it's far more extreme," said J. Barry Thompson, Co-Founder and CTO of Tervela. "Consider the Options Clearing Corporation who just last month set a new daily volume record of 26,647,538 contracts. Events like this further validate the need for a scalable messaging solution that can easily handle high-volume, latency-sensitive data distribution."
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