Nasdaq Launches Smart Options

Nasdaq announced the launch of Nasdaq Smart Options, a manageable and less resource-intensive data feed from the U.S. options markets in real-time, drawing the essential data from the standard Options Price Reporting Authority (OPRA) data feed. The Nasdaq Smart Options feed supports the National Best Bid and Offer (NBBO) and Last Sale trade messages, as well as administrative messages for all listed options. Individual exchange BBO data is excluded, which significantly reduces bandwidth cost and contributes to savings of more than 80% of the cost of connecting to the full OPRA data feed. Nasdaq Smart Options is available to U.S. registered broker-dealers, advisors, and members of the public.