Option Volume Impacted By CTA And OPRA Data Issues
Option flow averaged nearly 20K contracts per minute today, until 1:36PM ET when exchanges reported quote problems and option volume collapsed to near zero for several minutes.
No exchange halts were reported, but several brokers told their clients to trade with ‘extreme caution’ given the absence of linkage between exchanges and best bid/offer protection.
After about 9 minutes volume quickly resumed normal pace and shortly after that OPRA and CTA reported that they have resolved the market data issues.?
