A-Team Insight: MayStreet Adds Full-Depth-of-Book for All US Equity Options Markets to Market Data Lake

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MayStreet, the market data technology and content provider, has expanded its Market Data Lake product, adding full support for all US Equity Options data feeds, to augment the company’s existing provision of the OPRA feed.

US Equity Options volumes have grown significantly in recent years, with record listed option contract volumes in 2020, increasing 52.4% versus 2019. September 2021 volumes (the most recent month for which data is available) represent a 34.6% increase over the year-earlier period.

The growth is driving increasing demand from customers for full depth-of-book option data, says Naftali Cohen, Chief Revenue Officer at MayStreet. “The requests have come from across the board. Banks, quant firms and regulators all have interest in this data. Some market participants have been able to capitalise on where there are still spreads in this space, and now others are on the scent, seeing where they can take advantage of any opportunities that may be discoverable. And we have some banks who are using the data to drive analytics around execution quality, that’s a clear use case.”

Market Data Lake is a repository of global, cross-asset exchange market data offered in a wide variety of formats (raw pcap, normalized, CSV, filtered or summarized) and delivery mechanisms (SFTP on premises, cloud or hybrid cloud). In May, MayStreet announced the completion of its global buildout of the platform with the addition of 19 new Asia-Pacific markets, which followed an announcement last year that its Cash Treasury feed offering had been significantly expanded.

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