OPRA to Issue RFP for New SIP Providers
The authority is seeking proposals from new potential providers, but says the move is not necessarily designed to displace current SIP operator SIAC.
The Options Price Reporting Authority will next month issue a request for proposal (RFP) to identify potential securities information processors (SIPs) to manage the role of collecting, consolidating and distributing the OPRA feed of US options quote and trade data.
OPRA has enlisted consultancy Jordan & Jordan to run the RFP process, which is defining the future requirements for a SIP operator, and aims to issue the RFP around April 5 with an accompanying website that will include reference
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