What Is a Consolidated Tape?
A Simple Guide to Market Data Consolidation Financial markets generate massive amounts of data across exchanges, trading venues, and regions. But without a way to unify that information, market participants…
How Options Liquidity Impacts Your Market Data Needs
The unique structure of the options market creates conditions that impact liquidity, which can affect alpha capture and execution strategies.
What Data Is Included in the OPRA Feed?
Nowadays, running the Options Price Reporting Authority (OPRA) reliably has become an operational challenge. OPRA is a consolidated SIP-style feed of U.S.-listed options quotes and trades across participant options exchanges.…
What Is Options Price Reporting Authority (OPRA)?
The Options Price Reporting Authority (OPRA) is the U.S. system that consolidates and distributes options market data from all U.S.-listed options exchanges. In practical terms, it gathers quotation (bid/offer) and…
Preparing For The OPRA Expansion: What’s Changed
As firms prepare for OPRA’s expansion to 96-channel distribution, Exegy can help craft the best solution for this and future OPRA challenges.
5 Structural Shifts Redefining Market Data and Trading at Quantitative Firms
Extended trading hours and accelerating market data volumes are expanding the scope and complexity of modern trading environments, challenging infrastructure originally designed for more stable, session-defined market conditions. The result…
After-Hours Trading: Market Data, Adoption, and What Comes Next
After-hours trading is reshaping market data and infrastructure. Bruce ATS shares what’s driving adoption and what comes next for 24/5 markets.
Preparing for Near-24-Hour Trading
Data Readiness, Infrastructure Strategy, & What “Ready” Actually Means The financial landscape is shifting from traditional market hours toward a near-continuous, weekday trading environment. But as firms talk about “24-hour…
23×5 Trading: The Operational Reality of No Maintenance Windows, Always‑On Support, and Continuous Load
Extended‑hours trading isn’t just a shift in market hours — it’s a shift in how markets must operate. As U.S. equities move toward 23×5 trading (trading 23 hours a day,…
24-Hour Market Trading Regulation Issues
And How Some Are Already Being Solved The trading day no longer ends at 4:00 p.m. or even 8:00 p.m. ET. As liquidity builds overnight, U.S. equities increasingly require 24-hour…