Overview
The Corporate Actions US options provide clients with Comprehensive, customizable, corporate actions data for accurate risk management and trading. Received through direct exchange notice and OCC announcements – Processed and validated via Symbol Master
Key Features
CorpAct
The SMI corporate actions (CorpAct) family of files track changes to the option and strike level details that impact Position and Risk Management due to a corporate action event’s. This would include any adjustments that affect either the option symbol or the strike prices of an option. Symbol Master provides standard and custom-tailored delivery of Corporate Actions content available through industry standard means. We currently support multiple versions of the Corp Act files based on the influence and data models of large data vendors within the Market Data industry.
Corporate Actions (Corp Act) Pending
The Corp Act Pending file tracks all confirmed but not yet effective corporate actions that involve changes to the option and strike level details. The pending corporate actions have been confirmed by either direct exchange or OCC memos.
Symbol ChangeOp
The Symbol Change Op file logs changes to an option symbol most commonly due to a corporate action.
Symbol ChangeEq
The Symbol Change Eq file logs changes to an options underlying symbol most commonly due to a corporate action.
Intraday
This is an Intraday update service that allows consumers to ensure they capture intraday Strike additions
The Intraday files supplement the nightly series master files (SeriesExt) with intraday strike additions. They are created every hour from 9am to 4pm Eastern. There are multiple versions of the Intraday files, and this is a value-added service to ensure what is being traded in the market is reflected in the source security master and OMS/EMS Trading Platform. Beginning in September 2023 Intraday additions are also available for FLEX options (see FLEX section for more details)
Key Benefits
- Comprehensive Data Coverage: Provides accurate and complete corporate actions data for options, ensuring clients can manage risk effectively and trade with confidence.
- Real-Time Updates: Offers intraday updates for strike additions, allowing for precise alignment with market conditions and ensuring up-to-date trading data.
- Customizable Delivery: Symbol Master enables standard and custom-tailored delivery of corporate actions content, allowing clients to receive data in formats that fit their specific needs.
- Proactive Risk Management: Tracks pending corporate actions, ensuring clients are informed of confirmed but not yet effective changes, providing ample time for risk assessment.
- Enhanced Trading Accuracy: By tracking both option symbol and strike level changes, the product ensures accurate and consistent data for Position and Risk Management, reducing errors and improving overall trading accuracy.