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Every options contract's five-letter OPRA code will soon be replaced by a unique identifier up to 21 characters long. Only repeated, meticulous testing can guarantee a smooth transition to the OSI standard. And only CodeStreet's Market Data Studio™ offers a robust testing solution flexible and lightweight enough to meet the needs of any firm facing the countdown to February 12.
As the Options Clearing Corporation's three-year, $400 million roll-out of its uniform ticker system approaches culmination, your programmers and operations staff will be working under a deadline pressure unseen since the days before Y2K. With the centrality of options in today's world, even the smallest errors or oversights made in the next three months could mean hundreds of man-hours and millions of dollars in emergency fixes come February. Or worse, they could go undetected for weeks or months, before reemerging as a critical failure when it's too late to stop.
Market Data Studio™ exposes these errors before they become real-world risks. Alongside a live market-data feed carrying today's OPRA codes (APVKT), the software can deliver a simulated stream of the same data using the new symbology (AAPL101121C00200000); your systems process the simulated data exactly as if it were live, allowing comparison tests of any complexity to be planned, staged, and repeated with remarkable ease. Positioned at a surprisingly low price point, this elegant solution can be rapidly implemented across an organization of any size, and easily customized for the disparate requirements of specific testing groups.
Please contact info@codestreet.com for further information and to arrange a demonstration. Market Data Studio is available both as a stand-alone tool and as an integral component in Market Data Works, CodeStreet's comprehensive suite of market data tools.
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