The Chicago Board Options Exchange (CBOE) has signed a multi-user license agreement to use data management and evaluation technology from Houston-based Aqumin.

Aqumin, a financial services company specializing in the integration of large scale complex financial data into a single visual environment, said the CBOE will use Aquimin’s AlphaVision Enterprise Intelligence technology for a variety of data management and evaluation activities, enhancing 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, according to Aqumin, which 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 at the 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.”

“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,” said Michael Zeitlin, CEO of Aqumin.

This article can also be found at SecuritiesIndustry.com.

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