With data available for U.S., Europe, Asia-Pacific, and Canada, as well as global indices—OptionMetrics is a leading financial data company used by hundreds of institutions, including most of the top 50 business schools worldwide, and thousands of professionals in financial services to shape risk and return.
However, in 1999, when options were viewed by the financial community with skepticism, and often considered a “niche” investment, it was a leap of faith for David Hait, PhD, former VP of the Fixed Income Research Group at Paine Webber, and instructor on derivatives at J. P. Morgan, to start the company.
“We started OptionMetrics because of the void in the marketplace for accurate, thorough, reliable options data,” said OptionMetrics Founder and CEO David Hait. “We have remained committed to providing the most comprehensive, historical options database in the industry, even as the role of options have evolved dramatically through the decades—from being used for simple hedging or high-risk, speculative strategies by sophisticated ‘quant shops’ in the ‘old days’ to today increasingly being used by savvy investors and advisors to shape risk and return in hedge funds, investment portfolios, and pension plans.”
In 2018, a record five billion option contracts were cleared in the U.S. by the OCC alone. And options trading continues to pick up in Europe, Canada, and Asia.
See the full timeline with options industry and OptionMetrics developments.
Founded in 1999, OptionMetrics distributes its IvyDB historical options databases for U.S., Canada, Europe, Asia, Canada, and global indices to corporate and institutional subscribers, as well as top business schools worldwide. It has covered every U.S. strike and expiration option on over 6,000 underlying stocks and indices since 1996. Leading portfolio managers, equity options traders, and quantitative researchers rely on OptionMetrics for extensive, high-quality data to construct and test options investment strategies, perform empirical research, and accurately assess risk. www.optionmetrics.com, LinkedIn, Twitter, Facebook.