Opra Plans Move To 16ths; Predicts 35% Jump In Traffic
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The Options Price Reporting Authority (Opra) is considering pricing all of its options in 16ths--a move that would increase market data traffic from Opra by 30 per cent to 40 per cent. The transition would come after the major US stock exchanges moved to 16ths, a shift that increased traffic from both stock and options exchanges.
Market data traffic from Opra already accounts for 50 per cent of all traffic at the peak traffic period, which occurs just after the markets open. At the open, every
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