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Hanweck Associates Integrates with SpryWare to Accelerate High-Performance Options Analytics

Hanweck Associates, a premier financial services provider specializing in risk management systems and technology for institutional investors, and SpryWare, a premier provider of ultra low latency feed handlers and direct market data technology, today announced that they have integrated Hanweck’s high-performance, hardware-accelerated options analytics solution, VoleraFEED, with the SpryWare Market Information Server. The integration provides options market participants with the advanced computing power and access to fast, quality market data needed to deliver low-latency, real-time options analytics to drive advanced trading strategies. This new offerings adds to Hanweck’s existing VoleraFEED integrations, including ACTIV Financial’s ACTIVFeedDirect and IDC’s PlusFeed.

In today’s options markets, the faster the better – milliseconds matter. But calculating options analytics, such as implied volatilities and greeks, can be time-consuming and expensive. VoleraFEED processes incoming real-time market data, and delivers ultra low-latency options analytics for high performance trading and risk management applications. Financial firms can now use VoleraFEED with the SpryWare MIS to quickly process and capture this information in one easy-to-use, fast and flexible offering.

"Our customers require technology that can tackle the fast growing options data volumes without simply throwing more servers at the problem" says Mike Kreutzjans, Director and co-founder at SpryWare.v"SpryWare optimizes the feed-handler software, delivering a solution with a very small hardware footprint. The efficiency of our feed handlers means fewer servers and reduced operating costs, all while maintaining the objective of fast data and low latency. Our model fits well with Hanweck Associates' hardware-accelerated analytical platform, and we are very pleased to partner with them to offer this solution to our customers."

Global top-tier banks, broker/dealers, options exchanges and hedge funds rely on VoleraFEED to provide their quantitative options analytics. Built upon Hanweck’s pioneering GPU-based Volera options analytics engine, VoleraFEED enables market participants to run complex analytics on the entire U.S. Options Price Reporting Authority (OPRA) universe – 300,000+ options on 3,500+ underlying stocks, indices and exchange traded funds (ETFs), plus options on futures – all with just milliseconds of latency. Dozens of times faster than conventional CPU-based systems, Volera’s innovative technology reduces operational costs by 90 percent, drives advanced trading and risk management solutions, and seamlessly scales to meet escalating options message rates.

“Surges in market data volumes coupled with the extreme volatility in the market present a substantial challenge for options market players,” comments Jerry Hanweck, CEO of Hanweck Associates. “By combining VoleraFEED with the SpryWare Market Information Server, clients can quickly capture, digest and analyze huge quantities of options market data in one high-performance, cost effective data platform that helps them drive their options trading strategies and effectively manage market volatility.“

Hanweck Associates and SpryWare will be attending the Options Industry Conference (OIC) from April 29 - May 1, 2010 at the JW Marriott Desert Ridge Resort and Spa in Phoenix, AZ. Hanweck CEO and co-founder Gerald Hanweck, JR. and Daniel May, SpryWare Director and co-founder will both be participating on the panel, “Reinvention: New Paradigms for Trading Technology,” on Friday, April 30, at 2:30 p.m. PDT.

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