Options Mitigation Lacks Consensus

Despite implementing quote mitigation strategies to reduce the number of options quotes sent to market, the options exchanges have each implemented different approaches to quote mitigation, and have thus far been unable to reach a consensus on whether a coordinated strategy is required, and what such a strategy would involve.

Opra traffic rates have grown steadily over the past year, buoyed by the expansion of the options penny pilot and the introduction of a seventh options exchange, the Nas

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