The NASDAQ OMX Group, Inc. introduced Top of PHLX Options (TOPO), a low latency options data feed that provides direct access to data from NASDAQ OMX PHLX(SM) (PHLX(R)).
TOPO offers recipients the same information PHLX provides to the Options Price Reporting Authority (OPRA) for inclusion in the consolidated market feed, without extra transmission and processing latencies.
PHLX trades more than 2,600 equity options, sector index options and U.S. dollar-settled options on major currencies. PHLX offers a combination of electronic and floor-based options trading on NASDAQ’s INET technology.
“Top of PHLX Options enables subscribers to have the most immediate access to information from PHLX,” says Randall Hopkins, senior vice president, NASDAQ OMX Global Data Products. “In addition to removing extra hops and latency in receiving this data, TOPO users also benefit from the increased capacity and performance within the new trading system itself.”
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