NEW YORK–(BUSINESS WIRE) – OptionMetrics, a provider of options database and analytics to international institutional investors and academic researchers, announced today that New York University’s Tandon School of Engineering has entered into an agreement to use its IvyDB option data for courses and research that it Students and professors have access to historical option data from over 24 years.
In a NYU event-driven finance course, Adjunct Professors Mike Lipkin and Sacha Stanton introduce OptionMetrics IvyDB data to the effect of events on option prices and volatility surfaces. Students learn how to write queries to anticipate volatility and better understand market changes in an environment of constant news.
“The Finance and Risk Engineering Department at NYU Tandon has always endeavored to provide faculty and students with the latest technology experience. To that end, we are excited to use OptionMetrics for faculty research and student education, ”said Dr. Peter Carr, chairman of the finance and risk engineering department at Tandon. “Personally, I’m excited to be using it to jointly explore VIX options. I know it will also be used in our new event-driven finance class and student capstone projects this spring. ”
Used by over 300 institutional subscribers and the world’s leading universities, OptionMetrics provides the highest quality option data. It enables academics and students to question trading strategies, assess risk models, and conduct sophisticated research that is commonly used in research grant applications and journal publication.
“We use OptionMetrics as an educational tool to teach students how to think about current events – such as the introduction of a COVID-19 vaccine or before economic announcements – and how they affect options and the surface of volatility,” Lipkin said . “In the 11 years we’ve taught this course at Tandon and Columbia University, students have incorporated the lessons learned and OptionMetrics data into their careers in academia and industry.”
NYU Tandon School of Engineering, with its main campus in the MetroTech Center in Brooklyn, dates back to 1854, the founding date of both the New York University School of Civil Engineering and Architecture and the Brooklyn Collegiate and Polytechnic Institute. A merger in January 2014 created a comprehensive school of engineering and applied science education and research as part of a global university that has close ties to engineering programs at NYU Abu Dhabi and NYU Shanghai.
“I am grateful to NYU Tandon School and I am honored to be able to work on my Alma matter. We look forward to a long and fruitful partnership with the school and its students as they harness and see for themselves the value of the historical option data we have on 10,000 underlying stocks and indices, ”said David Hait, CEO of OptionMetrics , Ph. DD
OptionMetrics’ flagship product, IvyDB US, is considered the gold standard for historical option pricing and implied volatility data. It contains a complete historical record of end-of-day data of all US exchange traded stock and index options as of January 1996, which enables quants, hedge fund managers, and others to test trading strategies, evaluate risk models, and perform sophisticated research on derivatives trading. The company also offers data products for Europe, Asia, Canada and global indices. It is used by over 300 institutions worldwide.
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OptionMetrics has over 20 years of experience providing high quality options databases and analytics with historic IvyDB options databases for US, Europe, Asia, Canada and global indices for corporations, institutional subscribers and business schools worldwide. Since 1996, all US strike and expiration options have been covered for over 10,000 underlying stocks and indices. Leading portfolio managers, stock options traders, and quantitative researchers rely on OptionMetrics to provide comprehensive, high quality data for the creation and review of options investment strategies, as well as empirical research and risk assessment. www.optionmetrics.com, LinkedIn, Twitter, Facebook.