Opra outages cause consternation in options markets
UBS warned clients they were looking at “bad data” on options screens
Options traders and exchanges are furious with an arcane market infrastructure provider over outages that have temporarily blinded parts of the US equity options market in the past two weeks.
The Options Price Reporting Authority’s main post-trade data feed went down on October 19 and again on October 25, with a C-suite executive at a US options exchange describing the situation as “a headache”.
Market participants say it was the fourth such outage by Opra this year, for a feed widely used to
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