The web-based tool provides exchanges with point-in-time information for every quote and every trade executed in the options market. Exchanges can use the product to adjust their pricing structures in order to bring in business by providing users with data for each trade in relation to the corresponding quote, as well as by providing competitive data.
"The market has become more top-heavy, where the number of quotes continues to explode, but the number of trades is growing far, far slower," John
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails