Options Technology deploys OPRA NBBO in Equinix FR2 for US options trading in Europe

Rick Steves

“We are delighted to be the first market data and infrastructure provider to offer OPRA NBBO in Equinix Frankfurt FR2, giving our clients in Europe access to the most comprehensive and reliable information on US Options markets.”

Options Technology has onboarded the U.S. Options market data feed in Frankfurt FR2 by delivering OPRA NBBO (Options Price Reporting Authority – National Best Bid and Offer) in Equinix Frankfurt FR2.

The move allows Options Technology to provide its clients in Europe with access to the most accurate and up-to-date information on US Options markets.

“The most comprehensive and reliable information on US Options markets”

Danny Moore, President and CEO of Options Technology, commented: “We are delighted to be the first market data and infrastructure provider to offer OPRA NBBO in Equinix Frankfurt FR2, giving our clients in Europe access to the most comprehensive and reliable information on US Options markets.

“Our investment in additional infrastructure and the deployment of a fully deployed ticker plant further strengthens our commitment to providing our clients with the latest technology solutions and global market data sources. This latest addition complements our existing availability of multi-asset class content and underlines our position as the leading Capital Markets services provider.”

The Options Price Reporting Authority (OPRA) is responsible for aggregating and disseminating price quotations for listed options contracts in the U.S. A broader part of this initiative has led to the investment and deployment of additional infrastructure. This allows clients access to OPRA NBBO via a fully deployed ticker plant. The addition of this market in Frankfurt complements existing availability of global multi-asset class content.

The announcement follows Options Technology’s integration of normalised data services and API. Options provides clients with consolidated access to global market data sources across multiple asset classes, alongside hosted trading infrastructure and direct connectivity to counterparts in the wider capital markets ecosystem.

Options Technology facilitates trading at hundreds of venues worldwide with fully managed infrastructure and connectivity available in conjunction with the firm’s private financial cloud services which combine hosting with direct market access, TCO reduction, and best-in-class resiliency and security.

OPRA data feed transition scheduled for July 2023

Options Technology has been preparing for this moment for a long time, having upgraded its trading network for a seamless transition to the OPRA data feed, scheduled for July 2023.

The upgrade to a fully resilient 100 Gbps mesh network is expected to enhance capacity, data quality, and processing speeds alongside security and compliance. The 100 Gbps mesh network will ensure reliable and efficient distribution of OPRA data to trading proximity and colocation data centers across North America, as peak traffic spikes at around 37.3 Gbps, said the announcement which pointed to a transition from 48 to 96 data streams.

By migrating to the new 96-channel feed, Options Technology will also be mitigating increased infrastructure costs by handling Wide Area Network (WAN) distribution for clients, with full support for raw or normalized data through its ACTIV API.

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