Penny Mitigation Strategies Slow Opra Volume Growth

The reduction from Opra's initial projections for 2008, released in January, reflects the lower-than-expected increases in options trading and data traffic from the current pilot phase of quoting options in penny increments—a result of quote mitigation strategies employed by the options exchanges during the penny pilot.

Opra's projections also for the first time show lower bandwidth requirements for firms that subscribe to a version of the Opra feed that utilizes the FAST (FIX Adapted for Str