The true costs of options are not reflected in the low exchange fees. This article outlines the infrastructure and network costs of options market data.
Matching options market data to latency, market depth, and complex order needs is critical to a firm’s profitable trading.
A review of PG&E reserve order activity as detected by Exegy’s Signum Liquidity Lamp shows the power of this signal.
The US futures market maintains relatively centralized liquidity. Still, understanding the market structure ensures you have defined feed set requirements.
The continuing popularity of index options highlights unique ways to cut costs on trading.
The unique structure of the options market creates conditions that impact liquidity, which can affect alpha capture and execution strategies.
Open interest is a valuable indicator for trend direction and strength in the options market. It also can help traders save with the OPRA feed.
Market data is the third largest expense for many banks and broker-dealers. Understanding fees can help firms with infrastructure planning and budgeting.
We give an overview of the different financial market data providers and assess some of the trade-offs between each type.
We outline the basics any financial professional should understand – including feed features, a comparison of similar feeds, and the fees associated with them.