New York, NY – June 14, 2002
OptionMetrics and Logical Information Machines, Inc. (LIM) today announced that the two companies have agreed to link IvyDB, OptionMetrics’s historical option price and implied volatility dataset, with LIM’s sophisticated time series database and analysis software. As a result, LIM users will be able to access OptionMetrics’s high-quality option data and be able to perform sophisticated analyses on relationships between option prices, implied volatilities, and underlying equity and index prices.
“We’re very excited about this partnership,” said David J. Hait, president of OptionMetrics. “For the first time, customers will be able to use LIM’s robust query language and analysis capabilities to perform the same kinds of quantitative research and back-testing of strategies for the options markets that have been commonplace in the equity markets for many years.”
“We have long awaited for the right supplier of equity options data to partner with,” said Tony Kolton, President and CEO of LIM.
“We only associate ourselves with data vendors that have the very highest caliber of data quality. This is our main concern whenever we form a relationship with any data vendor. We are convinced that Optionmetrics has the very best in equity option data quality, and it is a tribute to Dr. Hait’s painstaking cleaning of his data, which took years of hard work and experience.”
IvyDB is the first widely available, comprehensive source of high-quality historical price and implied volatility data for the US equity and index options markets. It contains accurate historical prices – dating back to January 1996 – of options and their associated underlying instruments, correctly calculated implied volatilities, and option sensitivities. Customers, who include broker/dealers, hedge funds, and proprietary trading firms, can use the product to back-test trading strategies, evaluate risk/return models, and perform sophisticated research on all aspects of options investment.
OptionMetrics, LLC is a financial research and consulting firm specializing in the econometric analysis of the options markets. It provides unique solutions to clients in the financial services industry by leveraging its core expertise in the options markets, econometrics, and technology. For more information on OptionMetrics, visit the company’s website at www.optionmetrics.com, or contact OptionMetrics at (212) 918-1861.
Logical Information Machines, Inc. (LIM) is the leader in providing software and historical data to perform sophisticated historical equity, bond and commodity research. LIM has historical data to serve the equities, futures, and energy markets including economic statistics, weather and other interesting data that can have an impact on the markets. LIM has offices in Austin, Chicago, New York, and London.
Contact LIM via the web at www.lim.com or by phone at (312) 364-0046.