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| May 15, 2002 |
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Ivy DB from OptionMetrics selected by Bear Stearns as its Source for Historical Option Price Data |
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New York, NY – May 15, 2002
OptionMetrics today announced that the company’s Ivy DB Historical Option Database product has been selected by Bear,
Stearns & Co. Inc., as its source for historical option pricing data. The agreement gives Bear Stearns, a leading investment
banking, securities and brokerage firm, access to more than six years of high-quality U.S. equity and index option price and
implied volatility data to support its options research, sales, and trading areas.
“Bear Stearns depends on resources that are a ‘cut above’ in order to provide our clients with superior services,” said Kevin
Robik, senior managing director at Bear Stearns. “Ivy DB is an excellent product that fits well with our strategy. We look
forward to using the quality data it offers.”
Ivy DB is the first widely available, comprehensive source of high-quality historical price and implied volatility data for the US
equity and index options markets. It contains accurate historical prices – dating back to January 1996 – of options and their
associated underlying instruments, correctly calculated implied volatilities, and option sensitivities. Customers, who include
broker/dealers, hedge funds, and proprietary trading firms, can use the product to back-test trading strategies, evaluate
risk/return models, and perform sophisticated research on all aspects of options investment.
“We’re very pleased to sign a firm of the magnitude of Bear Stearns,” said David J. Hait, President of OptionMetrics.
“It underscores the quality of our data base, which has been painstakingly researched and compiled to ensure that
Ivy DB is the most complete and accurate source of historical option prices and implied volatilities available anywhere.”
OptionMetrics, LLC is a financial research and consulting firm specializing in the econometric analysis of the options markets.
It provides unique solutions to clients in the financial services industry by leveraging its core expertise in the options markets,
econometrics, and technology.
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