Nasdaq Smart Options

Receive just what you need of the full OPRA Feed: NBBO and Trades

Overview

The Nasdaq Smart Options data feed is designed to provide a cost-efficient, low-bandwidth alternative to the full Options Price Reporting Authority (OPRA) data feed while still delivering the necessary dataset that firms require for options trading.

Smart Options

Nasdaq Smart Options data delivery supports NBBO and Trade messages as well as administrative messages for all listed options. We filter out the Individual BBO data, reducing the noise of data overload and downsizing delivery to help you save more than 80% of the bandwidth requirement of the full OPRA feed.

Smart Benefits

• Acquire data with 80% less bandwidth requirement over the standard OPRA data feed
• Reduce operating costs typically required to support the full OPRA feed
• View the same critical national best bid and offer, trade data and administrative messages without consuming the full OPRA dataset
• Better manage constantly increasing data rates
• Access Nasdaq Smart Options data from Nasdaq NY Metro area data centers

View the fact sheet here.

Pricing

Please contact your Market Data Sales representative for pricing information.

Agreements & Forms

To initiate this data, firms must submit the appropriate documentation and receive prior approval from Nasdaq:

• Data Feed Request Form - Required for all firms.

• Nasdaq Global Data Agreement - Required for all firms prior to initiation of the first Nasdaq data service only.

• System Application - Required for firms only if the data will be displayed or used in a system that is not yet approved by Nasdaq.

For the complete list of Nasdaq market data agreements and forms, please refer to the Nasdaq Global Data Products Agreements and Forms page.

Please note that firms wishing to subscribe to this product must have the necessary agreements in place with OPRA and provide proper usage reporting as requested by OPRA.