Options and Magtia Empower Trading Firms with Next Generation Symbology Solution

Options Technology, a trailblazer in capital markets infrastructure, announced Tuesday a strategic partnership with Magtia, a financial symbology platform provider specializing in data mapping for front, middle and back-office trading systems.

The partnership is set to provide customers with bespoke API connectivity combined with enhanced symbology and cross-referencing capabilities, fully integrated with Options' pre-deployed technology stack which consumes, translates, and broadcasts normalized and historical tick data to clients worldwide, delivering comprehensive access to multi-asset class market data.

The announcement follows Options' full integration with Activ Financial and subsequent amalgamation of global market data sources, alongside hosted trading infrastructure and direct connectivity to counterparts in the wider capital markets ecosystem. 

Danny Moore, President and CEO of Options, commented, "We are delighted to announce our partnership with Magtia to deliver next-level market data solution architecture to our customers across the capital markets. Our pre-deployed technology stack and tick data combined with Magtia's advanced symbology expertise will offer clients an industry first for interoperability and the most efficient and reliable cross-referencing data platform for multi-asset class content.

We are very excited to enable our clients to capitalise on reduced deployment time and bespoke symbology tools, alongside Options' state-of-the-art enterprise market data feed."

Phil Straszynski, CEO of Magtia, commented, "We have worked with Activ Financial for many years and we are delighted to continue that valued partnership with Options Technology. Together with Options' advanced capital markets infrastructure and enterprise market data feed, Magtia’s symbol mapping platform provides a comprehensive cross-referencing service for the financial markets, enabling clients to extend their services to organisations using different data feeds and symbologies."