Market data provider, dxFeed, announced its partnership with Options AI, brokerage platform designed for spread trading in stocks and ETF’s.
The Options AI trading platform simplifies trading through the removal of options chains, greeks and confusing payout diagrams. At the same time, the platform implements introducing interactive market data visualization.
The trading platform uses low latency market data from NYSE, NASDAQ, and OPRA Exchanges and is also powered by dxFeed with the proprietary calculated Greeks and Implied Volatilities. dxFeed’s model-free algorithm estimates the theoretical option prices and calculates its Greeks and IV.
John Foley, CEO of Options AI commented:
When launching a radically new trading platform, where option chains have been removed and the complexities of options spread trading made simple through a powerful visual interface, we required a data partner that could support our very specific needs. We are excited to announce our partnership with dxFeed, a global leader in market data solutions, to power the Options AI platform and help us as we drive innovation in retail options trading.
Oleg Solodukhin, CEO of dxFeed said:
We are always looking for non-standard solutions to common problems as a way to express our ingenuity and to expand our portfolio of services with innovative products. Options AI is a great partner in sharing these ideals and we hope that this collaboration will prosper in the future.
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