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November 30, 2009 – Houston, TX
Aqumin LLC and the Chicago Board Options Exchange (CBOE) announced today a multi-user license agreement for Aqumin’s AlphaVision™ Enterprise Intelligence technology which CBOE will use for a variety of data management and evaluation activities. Aqumin is a new financial services company specializing in the integration of large scale complex financial data into a single, easy to interpret, visual environment. CBOE is the largest U.S. options exchange, handling approximately one-third of total industry volume daily.
AlphaVision™ will be used by the Chicago Board Options Exchange to enhance the sophisticated data management systems already in place. AlphaVision™ will allow CBOE personnel to visually track, monitor and evaluate vital areas of interest faster, more efficiently and with greater accuracy than was possible before. Aqumin developed customized SQL/XML metrics to facilitate rapid integration of CBOE data into AlphaVision’s visual landscapes.
“CBOE is pleased to partner with Aqumin and have the ability to utilize this innovative technology in the day-to-day operations of the Exchange,” said Edward Provost, Executive Vice President, CBOE. “This dynamic analytic tool presents information in a unique manner, allowing us to interpret data and evaluate business trends from a new and different perspective.”
“Aqumin is very excited by the adoption of AlphaVision™ for use by the CBOE. Large proprietary datasets maintained by the CBOE can now easily be ingested into our intuitive, visual landscapes for CBOE’s rapid interpretation of option trading activities across the entire market at once. We believe that Aqumin technology is the next step in helping exchanges monitor and facilitate the needs of their customers. Results from CBOE’s trial use have been very positive. We look forward to growing AlphaVision’s capability in this important market,” said Michael Zeitlin, CEO, Aqumin.
About Aqumin Aqumin LLC is a new financial services company specializing in the integration of large and diverse data sets into a seamless interpretive environment for individuals, professionals and enterprise organizations. Aqumin products include AlphaVision™ Professional providing stock trading insight on over 9000 North American and 43,000 Global Equity Issues and ETFs, including news and news sentiment, AlphaVision™ for Bloomberg which connects directly to the Bloomberg Terminal leveraging the tremendous amount of data and information available to Bloomberg users, and AlphaVision™ Enterprise Intelligence where custom integration tools are available to support Business Intelligence, Surveillance, Regulatory, and Risk-management activities. With Aqumin technology, Clients can See Everything and Miss Nothing™ in their data. Aqumin is headquartered in Houston, Texas. For more information, please visit www.aqumin.com.
About CBOE Chicago Board Options Exchange (CBOE), the largest U.S. options exchange and creator of listed options, continues to set the bar for options trading through product innovation, trading technology and investor education. CBOE offers equity, index and ETF options, including proprietary products, such as S&P 500 options (SPX), the most active U.S. index option, and options on the CBOE Volatility Index (VIX), the world’s barometer for market volatility. Other groundbreaking products engineered by CBOE include equity options, security index options, LEAPS options, FLEX options, and benchmark products, such as the CBOE S&P 500 BuyWrite Index (BXM). CBOE’s Hybrid Trading System incorporates electronic and open-outcry trading, enabling customers to choose their trading method. CBOE’s Hybrid is powered by CBOEdirect, a proprietary, state-of-the-art electronic platform that also supports the CBOE Futures Exchange (CFE), CBOE Stock Exchange (CBSX) and OneChicago. CBOE is home to the world-renowned Options Institute and www.cboe.com, named “Best of the Web” for options information and education.
CBOE is regulated by the Securities and Exchange Commission (SEC), with all trades cleared by the AAA-rated Options Clearing Corporation (OCC).
Media Contacts: RoseAnn Byers, Aqumin LLC Tel: 713-781-2121 Email: roseann.byers@aqumin.com
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