Hanweckassoc
Acquired3 known investors
Hanweck provides real-time, GPU-accelerated risk and options analytics on global derivatives markets to financial institutions.
Also known as Hanweck · Hanweck Associates · Hanweck Associates LLC · Hanweck Associates, LLC
Investors · 3
Also in the syndicate · 2
Company profile
researched Aug 2026Hanweck Associates, LLC (branded simply as Hanweck) is a New York-based provider of high-performance, low-latency data and risk analytics for global derivatives markets. Its customers include banks, broker-dealers, market makers, hedge funds, asset and portfolio managers, proprietary trading firms, retail broker-dealers, clearing firms, exchanges and central counterparties — institutions whose portfolios can span millions of instruments and positions. The company also offers risk measurement across asset classes including fixed income products and derivatives, together with proprietary historical tick databases.
The company's core technology is the Volera analytic engine, which uses hardware acceleration — specifically graphics processing units (GPUs) — to compute implied volatilities and options risk parameters (Greeks) in real time. Hanweck describes itself as having pioneered commercial GPU-based computing in the financial industry, and the Volera engine has received industry awards. Analytics are typically delivered as a real-time service in the form of a data feed, an approach intended to simplify integration with clients' existing risk architecture, and later marketed as Volera Risk Analytics, a real-time, global, cross-asset, data-enabled risk-analytics-as-a-service platform.
Hanweck was acquired by Cboe Global Markets in February 2020, with its services folded into the Cboe Information Solutions group alongside FT Options, to support real-time margin calculation of non-linear instruments and portfolio and balance-sheet risk analytics for Cboe clients.
Founding story
The company was founded by Gerald A. Hanweck, Jr., PhD, who leads it as Chief Executive Officer.
Business model
Hanweck sells risk and options analytics on a service basis, typically delivered as a subscription data feed that clients integrate into their trading and risk-management applications, and also distributes analytics through exchange partners such as ISE, which packaged Hanweck-powered analytics as an exchange market data product.
Revenue derives from subscriptions to its risk analytics services and data feeds, including subscribers to the Volera Risk Analytics platform and exchange-distributed analytics feeds.
Traction
By September 2016 the company reported substantial growth in the roster of subscribers to Volera Risk Analytics and was expanding into new client categories; its analytics were distributed by the International Securities Exchange covering all equity, index and ETF options traded on the nine U.S. options exchanges, and it served institutional customers across the buy side, sell side, clearing houses and central counterparties.
Latest developments
On February 4, 2020, Cboe Global Markets announced it had acquired Hanweck Associates, LLC along with the FT Options business, integrating both into Cboe Information Solutions. Terms were not disclosed, the deals were funded with cash on hand, and Cboe characterized them as accretive for 2020 but immaterial financially.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Hanweck positioned itself as a leading provider of real-time risk analytics on global derivatives markets and an established leader in high-performance financial computing, with backing from strategic investors NASDAQ and the International Securities Exchange alongside private equity firm Argentum, before being acquired by exchange operator Cboe Global Markets.
Hanweck's stated differentiators are GPU-based hardware acceleration for options analytics at scale — it claims to have pioneered commercial GPU computing in finance — tick-level real-time computation across millions of instruments and positions, and delivery as a data feed service that reduces the computational and infrastructure burden on clients.
Technology
The Volera engine applies hardware acceleration using graphics processing units to compute implied volatilities and options risk parameters in real time at tick level across large instrument universes, supporting cross-asset, real-time risk and margin analytics, including real-time margin calculations on non-linear instruments; the company also maintains proprietary historical tick databases.
Go-to-market
Direct enterprise sales to institutional financial firms supported by dedicated sales and client services teams across its New York, Chicago and Belfast offices, complemented by distribution partnerships with exchanges — notably the ISE Implied Volatility and Greeks Feed, sold to ISE subscribers.
Banks, broker-dealers, market makers, asset and portfolio managers, hedge funds, proprietary trading firms, retail broker-dealers, clearing firms, exchanges, central counterparties, and OMS/EMS providers.
Geography
Headquartered in New York, with additional offices in Chicago and a European headquarters in Belfast, Northern Ireland, established around late 2015; capital raised in 2015 was directed in part at expansion in Europe and Asia.
History
Hanweck was founded by Gerald A. Hanweck, Jr., PhD, who has served as CEO; Cboe's 2020 announcement dates the company's activity in quant finance and derivatives technology to 2006, and the company stated in 2011 that it had been generating real-time options analytics for options professionals since 2007. The International Securities Exchange became an early strategic investor and in 2011 launched a joint analytics feed powered by Hanweck's Volera engine. In November 2015 Hanweck raised $10 million in debt and equity led by Argentum and established a European headquarters in Belfast. Peter F. Armstrong joined the board in November 2015 and was elected Chairman in August 2016, the same year Hanweck expanded its marketing, sales and client services teams across offices in New York, Chicago and Belfast. In February 2020, Cboe Global Markets acquired the company.
Compiled by commissioned research from 11 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 22
launches, deals, and filingsCboe integrated Trade Alert into its Information Solutions business and released its first integrated solution with Hanweck.
Cboe Global Markets announced the acquisition of Hanweck Associates, LLC and the business of FT Providers, LLC (FT Options). Both were to be integrated into Cboe Information Solutions. Terms were not disclosed; Cboe funded the acquisitions with cash on hand and described them as accretive for 2020 but immaterial from a financial perspective.
Hanweck introduced an options-derived stock borrowing signal.
By integrating its products, Hanweck offered a wider breadth of real-time and historical data to Volera clients.
Louis replaced Salil Donde as Nasdaq's representative on Hanweck's board after Donde left the exchange.
Hanweck announced new hires including Molly McGregor as Chief Marketing Officer, Christopher Kong as Sales Executive, Olga Magotch as Account Executive on the Client Services team, and Clare Dunne as Client Services Engineer in Belfast, as it expanded into client segments such as hedge funds, proprietary trading firms, retail broker-dealers, clearing firms, central counterparties, exchanges and OMS/EMS providers.
The vendor hired a chief marketing officer and a support engineer to support ongoing growth, in addition to earlier sales and account management hires.
Hanweck appointed Peter F. Armstrong, co-founder and former CEO of Triple Point Technology, as Chairman of its Board of Directors. Armstrong had joined the board in November 2015 and is a Special Limited Partner of Argentum Capital Partners III, L.P.
Hanweck prepared a European version of its analytics, requiring deployment of infrastructure in London.
Fidessa integrated Hanweck's VoleraFeed option analytics service into its trading platform to support equities clients who also trade options.
Hanweck Associates announced $10 million in financing, comprised of debt and equity, led by New York-based private equity firm Argentum, with existing strategic investor International Securities Exchange Holdings participating. Proceeds were designated for product R&D, sales and customer success, and expansion in Europe and Asia. Peter Armstrong and Walter Barandiaran joined the board in connection with the transaction.
$10M source ↗
Hanweck Associates announced $10 million in financing comprised of debt and equity, led by New York private equity firm Argentum, to fund R&D, sales and marketing, and expansion in Europe and Asia. Peter Armstrong and Walter Barandiaran joined the board. ISE was an existing strategic investor.
$10M source ↗
In connection with the $10 million financing, Peter Armstrong, founder and former CEO of Triple Point Technology, and Walter Barandiaran, co-founder and managing partner of Argentum, joined Hanweck's board.
Hanweck announced the establishment of its European headquarters in Belfast, Northern Ireland, as part of an effort to accelerate expansion in Europe and Asia.
Hanweck announced the establishment of its European headquarters in Belfast, Northern Ireland.
Hanweck expanded the global coverage of its VoleraFeed real-time datafeed of implied volatilities and Greeks for options on equities, indexes and futures, and of its hosted historical tick database.
Hanweck created an on-demand version of its implied volatility and Greeks calculation tool and prepared SPAN risk scenarios.
The International Securities Exchange introduced the ISE Implied Volatility and Greeks Feed, a joint offering with Hanweck Associates. Powered by Hanweck's Volera engine, the feed provides real-time, low-latency, tick-level options analytics for all equity, index and ETF options traded on the nine U.S. options exchanges, distributed by ISE as a streaming multicast feed.
NYCIF backed Hanweck alongside Aqumin and CB Insights.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 11
primary sources listed
- Hanweck Secures $10M Led By Argentum – Argentumargentumgroup.com · web
11 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Hanweckassoc do?
- Hanweck provides real-time, GPU-accelerated risk and options analytics on global derivatives markets to financial institutions.
- Who are Hanweckassoc's investors?
- Hanweckassoc's investors include The Argentum Group.