US options Reference Data

The US options Reference Data provides clients with accurate, validated options data for comprehensive risk management and global market coverage. Received through direct exchange notification and OCC announcements – processed and validated via Symbol Master.

Given SMI’s core focus on Standardized Options, the SMI primary offering focuses on the Options Strikes and Series that are available, maintained, and expired for all available Issues and Series in the open market.

From the SMI content, users can identify all traded Issues that are included in the Standardized Options universe from the SMI offering. Once all Root Issues are known, SMI will provide EOD Pricing Details based on Official Closing Values for both Root and Options Symbol population.

IssueExt

The Issue Ext file shows details on the underlying symbol including company names and primary exchanges. The Issue Ext version of this file includes a field to identify if an issue is an ETF.

SeriesExt

The Series Ext files are the full options series master. The Series Ext files contain every strike that is listed including next-day adds for every options exchange. There are multiple versions of this file based on the detailed level of reference data on subscribing clients’ security master data attributes and their specific requirements.

IssueDeliverableExt

The Issue Deliverable files show the current deliverable values for all option symbols. There are multiple versions of this file based on the detailed level of reference data on subscribing clients’ security master data attributes and their specific requirements.

Position Limit

Position limits are preset underlying levels of ownership established by exchanges or regulators. These limits restrict the number of shares that a trader or any affiliated group of traders and investors can own. This information is used by financial industry firms to substantiate their Risk Level Trading thresholds. Includes revert limit and revert date.

Near-Term Position Limit

The Near-Term Position Limit files show which symbols have near-term limits either by shares or contracts and their values. Near-term position limits refer to preset levels of ownership established by exchanges or regulatory bodies. These limits restrict the number of shares or derivative contracts that a trader or any affiliated group of traders and investors can own. This information is used by financial industry firms to substantiate their Risk Level Trading thresholds.

Option Style

The Option Style file shows the contract style (American/European) and the settlement style (AM/PM) of each option.

• Comprehensive Options Data: The US Options Reference Data provides a comprehensive view of the standardized options universe, offering data on all available, maintained, and expired option strikes and series for all traded issues.
• Accurate EOD Pricing: End-of-day (EOD) pricing details are delivered for both Root and Options Symbols, offering official closing values, helping users in risk management and pricing analysis.
• Enhanced Security Master Files: Detailed reference data files, including IssueExt and SeriesExt, deliver extensive information on underlying symbols, including company names, primary exchanges, and complete options series data.
• Position and Near-Term Limits: The product includes detailed files on position limits and near-term limits for symbols, aiding financial firms in maintaining risk management by setting ownership restrictions.
• Options Contract Style and Settlement Data: The Option Style file specifies the contract style (American/European) and settlement style (AM/PM), giving users precise data on how options contracts are structured and settled.

• Enhanced Risk Management: The data includes position limits and near-term position limits, enabling firms to effectively manage trading risks by adhering to regulatory thresholds.
• Accurate and Timely Data: Clients receive accurate, validated options data directly from exchanges and the OCC, ensuring reliability for decision-making and compliance with market regulations.
• Comprehensive Market Coverage: The product offers full market visibility by covering all traded Issues, Strikes, and Series across exchanges, allowing users to track and analyze the entire options universe.
• Customizable and Detailed Data: Multiple versions of files, such as IssueExt, SeriesExt, and IssueDeliverableExt, provide customizable levels of reference data based on client needs, allowing for tailored analysis and reporting.
• Support for Strategic Decision-Making: With access to settlement styles, option contract types, and pricing details, users are equipped to make informed trading, hedging, and investment decisions, improving portfolio management and performance.