actant Reports its AQTOR Algorithmic Derivatives Trading and Quoting
System is On-Track to be Fully Compliant with Options Symbology Initiative
The AQTOR algorithmic-based derivatives trading & quoting systems from actant to be
compliant with new symbology on their effective dates.
New York (PRWEB) February 21, 2010 -- actant, a global provider of one of the world’s fastest
algorithmic-based derivatives trading and quoting systems today announced its system testing indicates that its
AQTOR trading solutions software suite will be fully compliant with the new Options Symbology Initiative (OSI)
codes on their effective dates.
The Options Price Reporting Authority (OPRA) symbols used to represent options contracts for more than a
quarter-century were clearly outdated in today’s marketplace. The Options Symbology Initiative (OSI) is an
industry-wide effort led by the Options Clearing Corporation (OCC) to make the trading of exchange-listed
options contracts more efficient and streamlined.
In making the announcement today, Joshua Seitz, Managing Director of actant North America said: “actant has
been a supporter of this initiative since its inception, and has spared no effort, or expense, to ensure that its
systems would be fully compliant on the effective dates. We are pleased that our efforts will assist our clients in
effectuating a seamless transition to the new symbology.”
A committee of industry experts, to better support the rapidly growing and increasingly complex options markets,
developed the OSI naming convention. The new OSI-compliant symbols will be more consistent and intuitive
than the OPRA codes and ultimately will decrease the number of process errors and reduce investor confusion.
The three- to five-character OPRA symbols will be replaced by a 21-character convention that will include an
exact expiration date and a root that matches a security’s ticker symbol.
actant (www.actant.com) is a privately-held software development company founded in 1998 by software