Symbol Master

Name

Symbol Master

Legal name

Symbol Master, Inc.

Website

https://symbolmaster.com

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Financial Market Data

NAICS

Securities and Commodity Exchanges (52321)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro industry

PRIMARYFSAFAIAC

Reference, Corporate Actions & Symbology Master Data Providers

Financial & Insurance/Financial Exchanges & Market Infrastructure/Market Data, Indices & Benchmark Administrators

SECONDARYFSAFALAH

Reference Data & Security Master / Corporate Actions Data Services

Financial & Insurance/Financial Exchanges & Market Infrastructure/Post-Trade Processing & Corporate Actions Services

SECONDARYFSAFABAB

Interest Rate Futures & Options Exchanges

Financial & Insurance/Financial Exchanges & Market Infrastructure/Derivatives & Futures Exchanges

Keywords

• Options symbology data
• Financial reference data
• Options data management
• Market data validation
• Implied volatility analytics

Headquarters

HQ city

Freehold

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Standardized Options Management Platform: Symbol Master provides its Standardized Options Management Platform as a comprehensive suite of services for traders, investors, and financial institutions operating in the U.S. options market. The platform offers options series data including corporate action information with a focus on accuracy, reliability, and efficiency.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Symbol Master provides standardized options symbology and reference data management through its Standardized Options Management Platform, built on the proprietary Symbology DNA database. The platform delivers validated options series data, corporate action information, IntraDay intraday updates, and Global Greeks and Implied Volatility analytics for financial institutions operating in the U.S. and international options markets.

Product overview

Symbol Master offers a unified Standardized Options Management Platform providing comprehensive options symbology validation, data management, and analytics services. The core offering includes the Symbology DNA database and validation software, complemented by the Worldwide Greeks analytics module (launched May 2025 in partnership with Exchange Data International) for Global Greeks and Implied Volatility data, and the IntraDay Service for real-time intraday updates. The AlphaSwing application serves as the user-facing platform interface.

Differentiator

Problem solved

Functional benefit

Brands

• AlphaSwing: The application/software program provided by the Company, as referenced in the Privacy Policy.
• Symbology DNA
• Worldwide Greeks

Products and services

• Standardized Options Management Platform Web-based platform providing validated options series data, corporate action information, and standardized symbology tools for traders, investors, and financial institutions operating in the U.S. options market.
• Worldwide Greeks Global Greeks and Implied Volatility analytics product for equity and equity index options across 21 countries, calculated using raw implied volatility metrics without smoothing techniques. Includes a dedicated 'Reason' column for transparency when values cannot be generated.
• IntraDay4 Service Intraday options data service providing near-real-time updates on option series and strike additions across 17 U.S. options exchanges, with IntraDay4 files generated twice an hour during U.S. market hours.

Quantifiable outcome

• 100+ exchanges supported including AMEX, BATS, BOX, C2, CBOE, EDGX, EMLD, GEM, ISE, MCRY, MEMX, MIAX, MPRL, NASDQ, OMXBX, PCX, PHLX, SPHR
• +1 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Exchange Data International (EDI)coreStrategic or Co-development Partner · 6 May 2025Symbol Master and Exchange Data International jointly launched Worldwide Greeks, a new data product delivering Global Greeks and Implied Volatility analytics for equity and equity index options. The product is based on SMI's proprietary code and unified file-based methodology, and is available through both organizations for global distribution.
• Exchange Data InternationalcoreTechnology or IntegrationEDI is listed as a partner on Symbol Master's partner page, indicating ongoing data and integration partnership.

Scale indicators10 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Exchange Data International (EDI): Provider of global securities reference data, corporate actions, and pricing feeds for institutional clients. Closest direct peer because EDI directly competes with Symbol Master in international reference and symbology data, while also serving as a distribution partner on the Worldwide Greeks product.

Broad incumbents

• Bloomberg L.P. Global market-data and analytics incumbent providing reference data, pricing, and analytics across asset classes including options. Comparable to Symbol Master because institutional clients use both for validated market reference content, though Bloomberg operates a vastly broader platform.
• ICE Data Services (Intercontinental Exchange): Provides reference data, analytics and connectivity to global financial markets, including options data. Comparable because it competes for the same budget line items at institutional clients and operates adjacent options-exchange infrastructure (e.g., NYSE Amex Options).
• Cboe Global Markets: Operates the largest U.S. options exchanges (CBOE, C2, EDGX, BZX) and sells proprietary market data and analytics. Comparable because Cboe is both a key data source for Symbol Master and a competing provider of options reference and analytics content.
• LSEG (London Stock Exchange Group) / Refinitiv: Operates the Refinitiv market-data franchise spanning reference data, pricing and analytics across equities, derivatives and fixed income. Comparable because it serves the same institutional client base with overlapping options and reference data products, though at much greater scale.
• S&P Global Market Intelligence: Sells reference data, securities master, and analytics including options-related datasets to financial institutions. Comparable because it competes for the same data-budget line at institutional clients while offering a much wider product portfolio.
• Nasdaq, Inc. Operates U.S. options exchanges (NOM, PHLX, ISE, GEM, MRX, BX Options) and a Market Data Services business serving institutional clients. Comparable as both a source of Symbol Master's underlying options data and a competitor in selling data products to similar buyer personas.
• FIS (Fidelity National Information Services): Major financial technology vendor offering reference data, post-trade processing, and capital-markets infrastructure (post-SunGard acquisition). Comparable because FIS serves the same institutional sell-side and buy-side clients with broader market-data and processing offerings.

Others

• Options Clearing Corporation (OCC): Central counterparty for U.S. listed options that publishes reference data and corporate action information. Comparable because OCC is a core infrastructure partner for Symbol Master's symbology service and provides overlapping reference datasets to the same institutional clients.
• Options Price Reporting Authority (OPRA): Plan processor responsible for disseminating last-sale and quotation information for U.S. exchange-listed options. Comparable because OPRA provides foundational options market data that Symbol Master builds upon, serving overlapping client segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/symbolmaster

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Symbol Master