Lime Brokerage, an agency broker and trading technology provider, has enhanced its equity options data offering as it seeks to ramp up its offering for high-frequency options traders.
Lime can now offer non-members of the Chicago Board Options Exchange (CBOE) direct access to the exchange's data via its low-latency Citrius options data platform.
The firm's current options data offering is made up of two parts: the redistribution of the Options Price Reporting Authority (OPRA) consolidated data feed; and its low-latency Citrius feed, which consolidates data from all eight US options exchanges using a common protocol. Non-CBOE members did not previously have access to CBOE data via Citrius.
“The latency difference between the OPRA feed and our direct options data offering can be a few hundred milliseconds, which will represent a significant change for traders that are not direct members of the CBOE,” Jeff Wecker, CEO, Lime Brokerage, told theTRADEnews.com
Wecker adds that the OPRA feed is likely to be used by Lime to compare the reliability of the latency it offers for options data and by customers that may use the data as a synchronisation reference.
The extended CBOE data offering will mark the first of many enhancements to Lime's options trading capabilities, as the firm gears up to meet an expected increase in demand for low-latency options trading strategies.
“Today's announcement will be the first of a steady stream of new tools that will give customers the ability to trade options in a low-latency, high-volume fashion,” added Wecker.