Options Technology, the leading Capital Markets services provider, announced its trading network upgrades for a seamless transition to OPRA Data Feed.
“At Options Technology, we understand the importance of this transition to our clients, and we are committed to ensuring we can deliver the updated OPRA data feed with the highest reliability and efficiency. ”
Options Technology, the leading provider of trading solutions for capital markets, today announced its readiness for the upcoming Options Price Reporting Authority (OPRA) data feed transition scheduled for July 2023. The firm has proactively upgraded its trading network to a fully resilient 100 Gbps mesh network to ensure reliable and efficient distribution of OPRA data to trading proximity and colocation data centers across North America.
Latest Fintech News: Ault Alliance Issues March Bitcoin Production and Mining Operation Report
In advance of OPRA’s transition from 48 to 96 data streams, the upgrade ensures reliable and efficient distribution of OPRA data to trading proximity and colocation data centers across North America, as peak traffic spikes at around 37.3 Gbps. Options Technology is committed to helping clients seamlessly migrate to the new 96-channel feed and mitigating increased infrastructure costs by handling Wide Area Network (WAN) distribution for them, with full support for raw or normalized data through its ACTIV API.
Danny Moore, Options Technology President and CEO, commented, “At Options Technology, we understand the importance of this transition to our clients, and we are committed to ensuring we can deliver the updated OPRA data feed with the highest reliability and efficiency.
Latest Fintech News: Digital River Now Offers Pay Later Options Afterpay and Clearpay
“Our trading network will enable our clients to take full advantage of the new OPRA feed, with enhanced capacity, improved data quality, and faster processing speeds alongside investment bank-grade security and compliance.”
Today’s news comes as the latest in a series of exciting developments for Options Technology, including its global Market Data expansion in North America, its partnership with Digital Realty, and its completion of SOC compliance for a 12th consecutive year.
In 2019, Options Technology received investment from Boston-based Private Equity Firm, Abry Partners. This investment has enabled the firm to accelerate its growth strategy and develop its technology platform whilst expanding its reach in key financial centres globally.
Latest Fintech News: Visa and Partners Bring Interoperability to Digital Person-to-Person Payments
[To share your insights with us, please write to sghosh@martechseries.com]
