International Securities Exchange (ISE) has made a strategic investment in Hanweck Associates, a provider of financial-services specializing in high-performance risk management and trading solutions for institutional investors.
ISE’s minority investment will help Hanweck Associates to further support product development, expand its sales and technical support teams, and meet the increasing market demand for real-time options analytics as the options industry continues to grow.
Gary Katz, president and CEO of ISE, said: “We believe that Hanweck Associates’ cutting-edge technology for real-time options analytics is groundbreaking for the financial industry, and we are excited to partner with them as they expand their risk management and financial analytics tools for the options market and other financial sectors.
“As an industry leader in high-performance, low-latency computing technology for options market data, we also look forward to collaborating with Hanweck Associates to enhance ISE’s suite of market data product offerings.”
Gerald Hanweck, CEO of Hanweck Associates, said: “Hanweck Associates already delivers advanced technologies, including graphics processing unit (GPU)-based computing, to options market participants today. The support of ISE, with its history of excellence in electronic options trading, will undoubtedly help us broaden our reach and take these applications to an entirely new level of performance.”