Nice to see you IW...and laughing...you bet!!!
STv2 has the power and flexibility to deliver this crucial element for the SMCC. SFB could have chosen any other financial software company to use for this venture...SpoozToolzv2 was chosen for it's power and flexiblity, especially for STv2's ability to trade/handle synthetics.
SFB is significant in the Options Industry and is directly connected and contracted to the major exchanges that trade options/derivatives.
A perfect match for STv2 and only the beginning. :)
A litte FYI below for some who are new to this.
SFB Market Systems
Founded in 1994, SFB Market Systems has initiated projects based on emerging technologies and has created and managed proprietary systems that provide options pre-market trade data
information to markets, trading firms and market data providers globally.
SFB Market Systems delivers proprietary software solutions and expertise designed to meet the needs of the financial industry. SFB designs, implements and manages a complete solution that is both scaleable and optimized for existing and future technology requirements within the securities industry. SFB has extensive knowledge and experience in the securities, financial and technology industries and is dedicated to providing excellent and responsive customer service.
SFB's products and services are necessary because of the ephemeral nature of options.
An option gives its owner the right to engage in a future transaction involving a specified quantity of a financial instrument at a specified price by a specified time.
For example, a call option on a stock gives the owner the right to buy the stock at a set price, called the strike price, by a certain time, known as the expiration. A put option works similarly, but gives the owner the right to sell.
Unlike a stock, which is traded from the time the company goes public until the time the company is bought or goes out of business, an option has a short shelf life. It's worthless after it expires and it may be rendered worthless by sharp moves in the price of the financial instrument it gives its owner the right to sell or buy. As a result, exchanges that trade options are always replacing old options with new ones.
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