OptionScapeTM, creator of the most versatile educational and strategy modeling tool for exchange-traded options, announced today that its stand-alone software version is now available alongside Thomson Reuters Eikon with full data integration.
The move gives option traders using Eikon access to OptionScape’s full spectrum of risk analysis and stress testing for their current and prospective strategies.
The agreement with Thomson Reuters represents the first major initiative in OptionScape’s plan to significantly broaden the availability of its tool, beginning this fall.
Said Frank Johnson, Founder and Chairman of the OptionScape Group of Companies: “We’re thrilled to bring our powerful educational and risk analysis tool to users of Thomson Reuters Eikon. This is the first step in our cooperative arrangement with Thomson Reuters, and we look forward to a close partnership for many years to come.”
Kris Carlson, Global Head of Agriculture and Metals, Thomson Reuters, said: “OptionScape’s availability alongside Thomson Reuters Eikon will enhance what is available today for our customers. By drawing on the rich data in Eikon, it will give them a powerful strategy analysis and decision support software tool for exchange-traded options. The visualizations OptionScape provides and the training with which it backs the product are a great combination to support our customers’ needs.”
OptionScape enables traders to gauge immediately the risks to which they are exposed, not only under current market conditions, but also under a wide range of changing conditions for the life of the strategy related to the underlying price, volatility and time. By conducting the analysis, traders can plan ahead, taking steps to limit losses and maximize profits based on changing conditions.
Proper use of OptionScape can help eliminate uncalculated market risks from option trading, empowering users to take calculated risks according to their risk tolerance or preferred risk-to-reward ratio. Built with an intuitive user interface, the software provides three-dimensional visualization of the results for any tradable option strategy. For instance, the software can turn a massive amount of raw data – equivalent to 50 million calculations or hundreds of pages – into usable information presented in a few digestible, three-dimensional surface diagrams, with colors indicating “danger zones” for traders and without losing information.
John Dempsey, President of OptionScape USA Inc., said: “We believe that OptionScape will become the new standard for options strategy analysis, and it will play a role in increasing the popularity of options because it’s such an easy way to learn and understand the complexities of options behavior. We’re delighted to partner with Thomson Reuters as well as options educators to put this invaluable tool within reach of new and experienced traders globally.”