Options Technology readies transition to Options Price Reporting Authority (OPRA) data feed

Rick Steves

“Our trading network will enable our clients to take full advantage of the new OPRA feed, with enhanced capacity, improved data quality, and faster processing speeds alongside investment bank-grade security and compliance.”

Options Technology has announced its readiness for the upcoming Options Price Reporting Authority (OPRA) data feed transition 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.

“The updated OPRA data feed with the highest reliability and efficiency”

Danny Moore, Options Technology President and CEO, commented: “At Options Technology, we understand the importance of this transition to our clients, and we are committed to ensuring we can deliver the updated OPRA data feed with the highest reliability and efficiency. Our trading network will enable our clients to take full advantage of the new OPRA feed, with enhanced capacity, improved data quality, and faster processing speeds alongside investment bank-grade security and compliance.”

Options Technology delivers consolidated feeds (OPRA, CTA, UTP), as well as Exchange Proprietary Feeds, to several key locations in North America, including Mahwah, Carteret (NY11), NY4, NY5, NJ2, CH2, Aurora, TR1, and TR2. They offer clients in these locations high-speed connectivity, including 10gbps, 40gbps, and 100gbps, tailored to meet their needs.

The firm also provides access to consolidated and proprietary feeds globally in a normalized format and has added new hardware to their shared ticker plants to accommodate the expected increase in OPRA throughput.

Options IT’s Activ API allows users to subscribe to the instruments they are interested in with full support for different levels of conflation to further control downstream the impact on trading infrastructure. In addition to providing seamless migration support, Options Technology’s network will enable clients to capitalize on the benefits of the updated OPRA data feed, including:

  • Enhanced capacity for handling increased data volumes, improving market activity and efficiency.
  • Access to higher quality data, enabling market participants to make more informed decisions based on the best available prices.
  • Faster data processing, providing a competitive edge for latency-sensitive trading strategies such as high-frequency trading.

Previous milestones for Options Technology

Previous developments for Options Technology include its global Market Data expansion in North America, its partnership with Digital Realty, and its completion of SOC compliance for a 12th consecutive year.

In 2019, Options Technology received investment from Boston-based Private Equity Firm, Abry Partners. This investment has enabled the firm to accelerate its growth strategy and develop its technology platform whilst expanding its reach in key financial centers globally.

Last month, Options Technology partnered with Trade The Pool to provide customers with tick data alongside Trade The Pools’ proprietary execution capabilities and Options’ pre-deployed technology stack that consumes, translates, and broadcasts normalized tick data to clients worldwide, providing comprehensive access to the global FX and CFD markets.

The announcement follows Options’ acquisition of ACTIV Financial and the subsequent integration of its normalized data services and (API).

Options now provides clients with global access to multi-asset class exchange feeds alongside underlying hardware for streaming real-time and delayed market data.

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