IMD & IRD Awards 2022: Most innovative market data project—dxFeed

OVERVIEW

Data provider dxFeed’s unusual options activity (UOA) screener is the main dxFeed market surveillance product. It provides a comprehensive view of unusual options market events, filtering out the noise and focusing on unusual trades made by institutional investors’ “smart money.”

THE SOLUTION

In real time, dxFeed’s UOA screener pairs options sales data—including time, price, size, bid, ask, and transaction type—with relevant options and stock market data, such as option open interest, stock price at the time of trade and short interest on the stock. It provides B2B and B2C customers with information on unusual options activity and dark pool trades. 

The configurable UOA screening tool allows users to define the UOA conditions of interest. Using dxScript, the company’s proprietary scripting language, the platform accurately defines the specific unusual options events being screened for. It can be fully integrated with any Devexperts platform and leverages existing platform functionality, such as the ability to perform historical analysis and to back-test. The company also offers the solution as a series of pre-built widgets that can be integrated into client-facing software or internal corporate tools.

WHAT’S TO COME

dxFeed will introduce a new product designed for day traders to search for investment opportunities and apply a variety of data analytical tools.

A new terminal will be launched, targeting retail users, which will focus on deep market research, traditional charting widgets with value-added premium services, and real-time exchange and OTC data.

The firm will keep adding multiple on-chain data to its portfolio, including pricing information from decentralized exchanges. 

WHY THEY WON

Munich-based dxFeed is a name that has become synonymous with innovation in recent years. The firm’s UOA screener is a case in point: It’s a surveillance tool that scours the options market searching for unusual, potentially high-value trades made by institutional investors with the view to alerting its users of those opportunities. It’s a novel approach to the age-old problem of identifying investment opportunities, the result of which has won the firm this category in this year’s IMD and IRD Awards.