Nasdaq Increases Options Market Accessibility with Nasdaq Smart Options
October 24 2019 - 8:00AM
Nasdaq (Nasdaq: NDAQ) today announced the launch of Nasdaq Smart
Options, a service that allows for easier access to essential
options market data. Nasdaq Smart Options provides a more
manageable and less resource-intensive data feed from the U.S.
options markets in real time, drawing the essential data from the
standard Options Price Reporting Authority (OPRA) data feed.
The Nasdaq Smart Options feed supports the National Best Bid and
Offer (NBBO) and Last Sale trade messages, as well as
administrative messages for all listed options. Individual exchange
BBO data is excluded, which significantly reduces bandwidth cost
and contributes to savings of more than 80% of the cost of
connecting to the full OPRA data feed. This curated data package
more closely aligns with the needs and cost parameters of the
advisory community and the investing public. This means more
investors can leverage options data to gain insights and make
better-informed decisions.
The launch of Nasdaq Smart Options follows in Nasdaq’s tradition
of innovation and using data to help make markets more transparent
and accessible.
“The options markets is vitally important to the financial
ecosystem, but many users have not been equipped to handle the
massive volume of messages from those markets,” said Oliver Albers,
Senior Vice President and Head of Strategic Partnerships with
Nasdaq’s Global Information Services. “Nasdaq Smart Options
provides a manageable feed to provide easier access to this
important information and gain valuable market insights.”
“As a data provider, it's important that we supply our clients
with the information they actually need, and in ways that they can
use most effectively. Nasdaq Smart Options enables us to
reduce excessive ‘noise’ in our options quotes, with a far more
concise display of information, making it easier to see what is
really happening in the options market. We provide our clients with
a greatly improved user experience,” said Christian Amott,
CTO of QuoteMedia, a leading provider of market data
feeds, applications, and dynamic financial web content solutions.
“The 80% reduction in bandwidth results in significant time and
cost savings, making the options market much more accessible to our
clientele and to the investing public in general.”
Nasdaq Smart Options is available to U.S. registered broker
dealers, advisors, and members of the public. For more information,
please visit
https://www.nasdaq.com/solutions/nasdaq-smart-options.
About NasdaqNasdaq (Nasdaq: NDAQ) is a global
technology company serving the capital markets and other
industries. Our diverse offering of data, analytics, software and
services enables clients to optimize and execute their business
vision with confidence. To learn more about the company, technology
solutions and career opportunities, visit us on LinkedIn, on
Twitter @Nasdaq, or at www.nasdaq.com.
Nasdaq Media ContactMatthew Sheahan(212)
231-5945matthew.sheahan@nasdaq.com
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