How Big Data is key to meeting demand in the explosive growth in US options volumes.
Trading volume for U.S. listed options totaled about
4.55 billion contracts in 2011 while OPRA’s
message volume has been steadily increasing at an annual rate
around 40%. To say that the options market is all about Big
Data is like noting that Mount Everest is all about snow. It
states the obvious but also the ominous. On a human scale, you
cannot consume or make sense of what’s inside that
avalanche of data without the right technology and analysis any
more than you can climb to Everest’s peak without
the right gear. Big Data is the core, Big Data is the
US equity options volume is expected to double over
the next 12 months. Increased demand is a big driver of growth
but the expected acceleration is due to a number of factors.
Two such drivers are the advent of new products and new venues
such as the CBOE’s all-electronic C2 Options
Exchange which saw a steady 18% year over year
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