The new feed handlers offer SpryWare clients an alternative to the Options Price Reporting Authority (OPRA) for processing options data. Unlike OPRA, the ARCA and ISE feeds are direct feeds, making it possible to get options prices with lower latency than the consolidated OPRA feed. Other advantages to the new direct feeds are access to the full depth view on options and access to pre-market quotes both of which are unavailable on OPRA.
âWeâre seeing a growing trend to source the option feeds directlyâ says Dan Curry, Director of Sales from SpryWare. âThe options exchanges are very interested in providing their own specialized feeds. We already process the entire OPRA feed on a very small hardware footprint, so it was natural to add these new direct feeds to our platformâ continues Curry.
The ARCA and ISE feed handlers are optimized for full utilization of the SpryWare Market Information Server (MIS) platform, giving them the well known high capacity and low latency advantages of SpryWare ticker plant technology.