Reuters has launched Reuters Data Feed Direct (RDFD) for the Options Price Reporting Authority’s (OPRA) FAST-enabled data feed. Reuters says its Data Feed Direct OPRA is designed to process over one million updates per second.
The North American options market is growing rapidly, driven by an uptick in the use of algorithmic trading in the region, according to Reuters. This, it says, demands high capacity, ultra fast data delivery. The firm adds that new strategies and increasing volumes are also encouraging faster and more efficient messaging systems, shown by OPRA’s recent launch of the new FAST messaging framework.
Reuters claims its Data Feed Direct product reduces customer workload by providing a fully-managed global service. This includes daily reference data maintenance, all required hardware and software, and service monitoring by Reuters support teams. The company says the latest release of Reuters Data Feed Direct OPRA offers sub millisecond speed and is scaled to meet future market data volume projections.
"The options market is expanding at a significant pace and Reuters has pioneered the development of its Reuters Data Feed Direct service to capitalise on enhancements undertaken by OPRA for the benefit of our clients," says Bill Ruvo, vice president and business manager, Reuters Data Feeds. "This latest initiative provides our clients with a cost effective and efficient solution that meets the varying data needs of participants across the options trading industry."