OPRA May Abolish Access Fee And Make Vendors Track Usage

CONTENT & FEES

The Options Price Reporting Authority has filed with the Securities and Exchange Commission to waive the $600 monthly access fee it now charges subscribers who receive OPRA's options pricing information via a consolidated data feed. OPRA instead is seeking to make the vendors who provide the permissioning and entitlement software liable for an access fee -- of $2,800 a month -- and to require them to track and report customers' usage.

Should the proposal go through, it would be the first time