SMCC Recommends SymbologyDNA(TM) to the Financial Information Forum (FIF)

  
    
  
  
    
      Symbology Management Clearing Corporation (SMCC) is pleased to announce 
      the development and delivery of its SymbologyDNA™ 
      methodology (SDNA) for the Internal Options IDentifier (IOID) used 
      as the standardized link to the Options Symbology Initiative (OSI). On 
      June 11, 2008 SMCC made its recommendation to the Financial Information 
      Forum (FIF) that the industry adopt the SDNA methodology to ensure 
      standardization, consistency and accuracy in symbology management 
      throughout global financial systems.
    
    
      Currently, the entire financial industry is being asked to modify their 
      systems for OSI compliancy to handle a 21 character option symbol from 
      the Options Clearing Corporation (OCC), and a 17 character option symbol 
      from the Option Price Reporting Authority (OPRA). The proposed OSI 
      methodology will undoubtedly carry a multi-billion dollar price tag for 
      the industry to bear, similar to that of Y2K, and will impact systems 
      end-to-end posing enormous risk to all financial environments.
    
    
      SymbologyDNA™ will allow financial 
      firms to translate and convert 5 or 9 character symbology 
      representations into the new 17 or 21 character symbology formats and 
      vice versa. This will save firms millions of dollars by reducing the 
      need for massive conversion efforts to their existing options processing 
      environments.
    
    
      SymbologyDNA™ is a suite of algorithmic 
      components used for the compression and decompression of OSI compliant 
      options data coming from OPRA and the OCC. The algorithms implemented in 
      these components, named SDNA17 and SDNA21, compress the OPRA and OCC 
      formatted 17 and 21 character fields into a 9 character field that can 
      then be extracted back into their original formats.
    
    
      SymbologyDNA™ components SDNA17 and 
      SDNA21 are being made available to the financial industry at no cost, 
      and can be used to reduce change, cost and risk while ensuring OSI 
      compliancy to any options environment.
    
    
      In addition, SMCC also provides the trading industry with a seamless 
      interface for access into its centralized repository servers, thus 
      increasing efficiency and accuracy within the exchanges and firms. SMCC 
      has solved the problem of decentralization with its proprietary 
      products, Symbol Manager™ and Symbol Master®, 
      which currently provide information and services that are held to the 
      highest standards to options exchanges and market participants.
    
    
      About SMCC (Symbol Management Clearing Corporation)
    
    
      SMCC is a joint venture company of Spooz Technologies, Inc., a wholly 
      owned subsidiary of Spooz, Inc. (Pink Sheets: SPZI) 
      and SFB Market Systems, Inc., a privately owned corporation. The goal of 
      the SMCC is to incorporate the advanced technologies provided by Spooz 
      into the expansion of SFB’s products and 
      services known as Symbol Manager™ and Symbol 
      Master® to achieve centralized 
      global symbology management.
    
    
      SMCC will provide brokers, exchanges, and clearing firms with a flexible 
      and robust platform from which to reserve and request new symbols for 
      listed trading products. This will also allow for the creation of 
      synthetic products to which new symbols may be assigned, such as 
      spreads, baskets, and combinations. The new electronic system will 
      replace the antiquated manual processes and is expected to save the 
      exchanges and the industry millions of dollars.
    
    
      View the solution diagram of SymbologyDNA™ 
      at www.symbolmaster.com and www.spooz.com.