SOURCE: WhenTech LLC
October 16, 2009 11:59 ET
WhenTech Introduces Valuation Service API
NEW YORK, NY--(Marketwire - October 16, 2009) - WhenTech LLC, a premier provider of option
pricing and risk management solutions to the commodities futures industry
through its WhenTech Markets® application, announced the availability of
its new Valuation Service Application Programming Interface ("API").
Valuation Service is being made available to trading platforms, instant
messaging providers and other options marketplace service providers who
would like to offer to their customers, within their own applications, the
ability to view WhenTech valuations and other option analytics.
According to David Wender, Founder and CEO of WhenTech, "We are excited
about WhenTech being able to respond to the demand we've had from many
institutions and companies who service the options trading community to be
able to offer certain WhenTech pricing and risk management features within
their own applications. The value this will bring to our current and future
mutual customers will no doubt facilitate the speed, efficiency and
intelligence of their option trading activities."
The WhenTech Valuation Service is a FIX 4.4 Protocol-based API which allows
systems external to WhenTech to request and receive instrument valuations
for a WhenTech Markets® user associated with the external system. In
addition, Valuation Service will instantaneously resend updated valuations
to the external system in response to any changes in option underlying
factors so the client always has the most up-to-date information.
WhenTech is a leading provider of technology, software and information
services to the commodities industry, including traders, brokers and
various exchanges throughout the world. Through its core pricing and risk
management software, WhenTech Markets®, the Company is truly defining
"The Future of Options®". WhenTech is headquartered in New York City,
with on-site customer support offices at NYMEX and, coming later this year,
at CME/CBT in Chicago. Learn more about WhenTech and take a tour of
WhenTech Markets® at www.whentech.com.