Exchanges, Opra to Ditch FAST Protocol

A lawsuit document

US exchanges and options data consolidator the Options Price Reporting Authority are to phase out their use of the bandwidth-reducing FIX/FAST Protocol as a data compression standard this year, citing increased availability of high-bandwidth networks since the standard’s launch, though sources say the industry is increasingly concerned about potential exposure to a patent infringement lawsuit brought against exchanges and data vendors.

Initially, in a notice distributed earlier this month to cus