OptionBazaar LLC wanted to create a web site that would be a one-stop
resource in the complicated financial field of Over-The-Counter (OTC)
equity options. The site needed to deliver highly complex analytics to
its target audience of institutional investors, corporate treasurers,
and other qualified institutions. At the same time, the site needed to
frame this content in a way that was intuitive and accessible for users.
OptionBazaar also wanted to create a platform in which its audience
could connect with dealers and brokers specializing in equity options.
In addition, the company wanted to include robust portfolio management
capabilities that would let users quickly track their positions and risks
in this extremely volatile arena.
Solveda provided the analysis, design, and deployment for the
OptionBazaar.com web site. Solveda’s team used WebSphere, Java, and SOFIA
to create a site that delivered the complex financial analytical tools
with an emphasis on speed and usability. Authorized users are able to
make a wide variety of computations that take into account such factors
as underlying price, volatility, interest rate, and time to maturity.
OptionBazaar’s analytics engine lets users drill in on selections by
modeling different option types and harnessing its power to analyze
the values of options in changing conditions. In addition to the analytic
tools, users can manage their portfolios and track profit/loss daily.
The counter-party feature offers users an open marketplace in which they
can place orders with registered dealers and brokers.
The fully functional OptionBazaar site is the definitive online resource
for equity options. Registered users can crunch the field’s complex numbers,
model and track their portfolios, and place orders.
Navigation is anchored by the following features:
- My Worksheets: Maintain analytical information about a user’s options.
- My Orders: Place live orders to registered dealers/brokers; keep track of all present and past orders.
- My Portfolio: Maintain portfolio and use the analytics engine to gauge performance and risk.
- My Account: Control personal profile and manage counter-party relationships.
- General: Invite dealers/brokers of choice to participate.
Intuitive graphics drive an easy-to-use interface that mines the underlying
power of the analytics engine. This interactive engine provides instant access
to rich analysis features, displayed in such a way that, at a glance, registered
users can see the effects of changing interest rates, volatility, and strike and
spot prices. The powerful, fast engine provides the essential information needed
to determine which combination of inputs creates optimal deals.
OptionBazaar’s OTC Equity Option Models system drives the site. Using this tool,
users can choose a model from a comprehensive list of option types and equity
forwards. The models encompass most of the standard OTC equity options currently
traded in the market. The modeling system was built with six keys in mind:
- High Performance: The selected models can calculate price and risks on a
real-time basis in rapidly moving markets.
- Easy to Use: Most users are not quantitative analysts. Models with
dubious merits that only Wall Street “Rocket Scientists” can understand
- Easy to Maintain: OptionBazaar’s models do not require an excessive
amount of market rate inputs. Most investors and traders prefer to use
market rates that are sufficient for pricing equity options.
- Reliability: Some computationally intensive models tend to produce
abnormal results for long-term options in challenging market conditions,
especially, with a high volatility. The OptionBazaar models will always
give stable, reliable results.
- Comprehensive: The list of option models available at OptionBazaar is
continually expanding, reflecting the interests of users and the
popularity of options.
- Market Standards: All models at OptionBazaar are based upon published
results and recognized as the standard models among professionals. Many
dealers and brokers at major banks actually prefer the models adopted
This information is a partial reference displayed as information for Internet users.
For additional details about any of our projects or capabilities please feel free to
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