Optiver relies on BMLL market data for quant strategy
The market-maker has built its trading business on top of BMLL’s Level 3 data. But the collaboration is young, and the pair have grand plans to make options the next quant frontier.
When firms weigh whether to buy or build a product, market data—especially of the real-time variety—often falls automatically into the “buy” bucket. But historical data is a different beast, and the work often falls on firms’ in-house teams to source such data from the various exchanges on which they transact. It is a large lift, and it’s often not scalable due to each exchange’s own quirks, says Edward Monrad, head of corporate strategy for Europe, the Middle East and Africa at Optiver.
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