OPRA To Modify Subscriber Fee Structure So It Conforms With Schedule Used By CTA

The Options Price Reporting Authority plans to raise subscriber fees and change its rate structure later this year.

Under the current system, OPRA subscribers pay a $45 location charge and $1 for each device displaying options information. OPRA disseminates bid and offer quotes and last-sale prices for the five options markets -- the American, New York, Pacific and Philadelphia stock exchanges and the Chicago Board Options Exchange.

In the second half of 1989, OPRA will eliminate the location