Options Price Reporting Authority
The Options Price Reporting Authority (OPRA) is a key organization based in Chicago, Illinois, that facilitates the dissemination of consolidated last sale and quotation information for exchange-traded securities options. Approved by the Securities and Exchange Commission, OPRA aggregates data from various national securities exchanges, enhancing market transparency and efficiency.
OPRA provides a range of services, including online billing access, reporting portals, and testing opportunities for industry participants to ensure optimal system performance. The organization also conducts regular capacity tests and system enhancements to support the evolving needs of the options trading environment.
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