Making options trading more accessible for all investors

Here’s how the team behind one portfolio management platform expanded their offering while keeping their infrastructure costs low with filtered options.
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This portfolio management platform wanted to make options trading more accessible to their users without taxing their infrastructure.

Connecting to the full OPRA feed would cost the company hundreds of thousands of dollars a year, taking into account exchange licenses, data delivery, and infrastructure.

Infrastructure posed a particular challenge – since the OPRA feed disseminates all US options data, including trades, quotes, and administrative messages, the amount of data is constantly expanding. This would have required them to continually increase their bandwidth and processing power to keep up, which put too much pressure on their budget and team.

Simplifying Options

They found the answer in Intrinio’s filtered real-time options feed. The filtered feed delivers real-time trades, as well as the National Best Bid and Offer (NBBO) tagged by OPRA and conflated at 250-millisecond intervals.  

This keeps their infrastructure costs low by eliminating millions of BBO messages and other information that the company couldn’t process or act on – allowing them to run the feed on a 10Gbps connection rather than the 40Gbps connection required by the full OPRA feed. Even as the volume of the OPRA feed grows, there will be little impact to their infrastructure.

Intrinio’s flexible licensing allowed them to display trade and NBBO data to the users of their platform, with reasonable redistribution costs that would help them stay profitable. Intrinio also helped them navigate exchange fees associated with using real-time options data for external display and facilitated the necessary paperwork with OPRA.

Intrinio’s filtered real-time options feed includes the following data from OPRA and the OCC:

  • Greeks (delta, gamma, theta, vega)
  • Implied volatility
  • Last trade price, size & timestamp 
  • Total trade volume
  • Last ask/bid price, size & timestamp
  • Underlying symbol 
  • Put or call 
  • Expiration date 
  • Strike price
  • Exercise style 
  • Open interest 

Trial & Onboarding

The company integrated Intrinio’s powerful Web API into their platform, leveraging technical support from Intrinio’s engineering team and its comprehensive API documentation to streamline the process. Intrinio’s engineering team was also on hand to answer questions and resolve any roadblocks during the company’s free two-week trial.

Once they confirmed that the feed met their business’ needs and signed a contract, the company worked with Intrinio’s dedicated customer success team for a seamless onboarding. The US-based customer success team is responsible for all aspects of the company’s account, from answering questions to coordinating technical support to scaling their data solution.

The company has access to live chat five days a week, as well as direct phone and email access to their customer success team. For technical or data quality concerns, they can leverage Intrinio’s built-in ticketing system to communicate directly with Intrinio’s technical team.

Working Together Closely

The company continues to rely on Intrinio’s comprehensive support while they scale their business. They enjoy complimentary data sourcing services for all third-party financial data, including historical end of day options data to help their users backtest options trading strategies.

Working with Intrinio as their data partner allows the company to focus on growing their platform, instead of getting caught up in the minutiae of sourcing and displaying options prices. They’re able to compete with the market’s top portfolio management platforms, even with a small team, by keeping their infrastructure costs low.

If you’re looking for options data that fits all types of businesses, request a consultation with the Intrinio team. 

Ready to trade in your data provider for a data partner?

Request a consultation with our team to learn how  Intrinio  can support your business. 
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