Options Exchanges Prepare OLA Links
EXCHANGE TECHNOLOGIES
NEW YORK--The five US options exchanges implemented the first phase of the federally mandated Options Linkage Authority (OLA) on Friday, Jan. 31, as TTW went to press.
The OLA is an order-routing platform that transfers orders from marketplaces that either cannot match or decline to match via the National Best Bid/Offer as displayed by the Options Price Reporting Authority (OPRA), to a marketplace that will afford the best price, automating a process that was previously handled by phone and, to a
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