Thomson Reuters has launched a new hosted, low latency direct feed to OPRA, the US Options Agency. The application, delivered through Reuters Hosting Solutions (RHS), is part of Thomson Reuters expanding catalogue of hosted low latency venues.
The delivery of full-tick, low-latency OPRA market data via its new, network-optimized hosting facility in Nutley, New Jersey marks a milestone in Thomson Reuters strategy to deliver direct connect, high-performance data to customers with full support for application-critical Reuters symbology and API capabilities.
Several significant technical capabilities distinguish this offering including direct exchange delivery via Radianz Ultra Access, a high speed service that delivers OPRA data to the RHS data center in sub millisecond timeframes, with 100% availability. The Radianz Ultra Access infrastructure is built on a high speed, fully resilient, self-healing, fiber Ethernet over wave-length architecture that provides ultra low latency connectivity.
Other key technical features of the Thomson Reuters OPRA offering include:
Minimal infrastructure deployment to customer site, all hardware and platform components fully managed by Thomson Reuters at the Hosting Center
Support for separate NBBO and Regional quote streams, allowing customers to reduce infrastructure requirements by subscribing to only the required content
Support for co-location of customer applications for direct cross-connection to full-tick OPRA data
Consumption-based commercials, giving customers control over market data costs
Full support for Reuters APIs and symbology, dramatically simplifying application integration
“Algorithmic and programmatic trading systems require access to full-tick, low-latency OPRA data through a scalable service that can handle not only todays 3 billion-plus messages per day, but also tomorrows projected growth rates,” says Bill Ruvo, global business manager of real-time feeds at Thomson Reuters. “Thomson Reuters aims to meet this market need by providing this solution with minimum impact on customer infrastructure.”
D.C.