Service
Streamlining Standardized Options Management for Enhanced Trading
Platform
At the heart of our platform lies SMI's robust validation logic, honed over 50 years of operation. This logic ensures the integrity of data between reference content and position information, fostering trust and reliability in every transaction.
With a commitment to accuracy and data consistency, SMI facilitates transparent interactions across multiple options exchanges, bolstering centralized clearing activities like those of the OCC.
As the preferred choice of the financial industry, our platform provides the most reliable options series data available. Leveraging our esteemed Service Bureau status and core content set, consumers seamlessly integrate our validated feeds and file outputs into their Security Master and Reference Data technology platforms.
Options
Our primary focus is on delivering meticulously validated information on options strikes and series available in the market. We meticulously maintain and track options across all issues and series, ensuring comprehensive coverage. Our offerings include:
Complete Optionable Equity Universe
Full Options Series Master (Series Ext): Encompasses every listed strike and next day additions on every exchange
Current deliverables for all option symbols (Issue Deliverable)
Option Styles: American/European (AM/PM)
Custom Reports
SMI's legacy-derived formats streamline integration and enhance system management capabilities. Our platform, designed for accuracy, reliability, and efficiency, empowers users with essential tools and data to navigate standardized options trading and risk management. Key features include:
Symbology logic for efficient operations handling
Alignment of all traded issues associated with the Standardized Options universe
Root issues anchoring comprehensive strike and series information to create a complete reference dataset.
Intraday Updates
Our Intraday Service provides hourly updates to the previous night's closing Series Master File or additions in the tradable universe. Consumers can receive these updates via push or pull file delivery methods.
These updates capture intraday strike additions in both Standardized Options and Flexible Exchange Options, supplementing the nightly Series Master dataset.
Key details include:
Intraday strike additions on Participant Exchanges
Periodicity: 9 AM to 4 PM (Eastern Standard Time)
Additional Data Sets
SMI's additional file sets leverage proprietary Symbology DNA processing and validation code. With access to processed and validated datasets from exchanges and SROs, consumers bridge the reference data gap between tradable positions and risk management system capabilities. Key datasets include:
GREEKS: Variables for mathematical assumptions regarding price sensitivity between options and underlying assets
Volatilities: Implied volatility of underlying price change
Volatilities 30 Days: Implied volatility change over a 30-day period
Expiry Schedule: All expiration dates and frequencies
Penny Equities/Penny Options: Symbols part of the Penny Pilot Program
Dividend Announcements: Recently declared official dividend announcements, including Ex-Date, Record Date, Pay Date, and amount.
Historic Data
SMI maintains historical archives of all files. The bulk of SMI’s archives contain 7-12 years of history depending on when the offerings where created. Use cases include:
Ensuring data integreaty
Back testing strategies and pricing models
Risk management
Pattern analysis