The International Securities Exchange (ISE) has partnered with MEB Options to introduce a new tool Spread Crawler that provides insight through instant messaging (IM) into the entire spectrum of real-time actionable spread orders.
Spread Crawler simplifies the monitoring of live spread book feeds, while displaying spreads that satisfy customized pre-defined parameters and increases streaming spread book data from all options exchanges and transmits individual, user-defined spread orders to subscribers.
ISE president and CEO Gary Katz said, "MEB has developed a simple but powerful user tool that supports this high-growth segment of the options market, and we are extremely gratified that they selected ISE as a partner to expand the reach of this compelling product offering."
ISE’s options exchange managing director Boris Ilyevsky added, "As spread trading continues to grow as a percentage of industry volume, Spread Crawler will offer subscribers a straightforward way to digest the enormous amount of spread order data produced by the exchanges."
"Spread Crawler will give investors accurate data tailored to their custom-set parameters for particular symbols or industry sectors, minimum/maximum sizes, edge and specific expirations."
The new tool can also transmit messages through industry-standard programs such as AOL, MSN, Bloomberg, and Yahoo.