Will Options Data Tsunami Drown OPRA?


User firms and data vendors will face an extra billion quote and trade messages per day by next January over and above the levels originally anticipated, according to the latest projections from the Options Price Reporting Authority.

Earlier this year, OPRA predicted that its consolidated feed of options data from the American, Boston and Philadelphia stock exchanges, the Chicago Board Options Exchange, the International Securities Exchange and NYSE-Arca (the former Pacific Exchange) would requir