To subscribe to OPRA (Options Price Reporting Authority) quotes, you must directly contact an OPRA vendor and complete their required Subscriber Agreement. This process ensures you gain access to real-time options market data.
Steps to Subscribe to OPRA Quotes
Subscribing to OPRA quotes involves a straightforward process focused on formal agreement with an authorized data vendor. Here are the key steps:
- Contact an OPRA Vendor Directly: Your first step is to get in touch with an authorized vendor of OPRA data. These vendors are responsible for distributing the options price information.
- Obtain the Subscriber Agreement: Once you've connected with a vendor, they will provide you with a Subscriber Agreement. This comprehensive document outlines the terms and conditions for receiving and using OPRA quotes.
- Complete the Agreement and Addendum: Carefully fill out the entire Subscriber Agreement. If you are subscribing as an individual and not for professional, commercial, or institutional use, the Agreement will typically include an "Addendum for Nonprofessionals." Be sure to complete this addendum accurately, as it helps determine your subscriber classification.
- Return the Completed Agreement: After ensuring all sections are accurately filled out, return the completed Subscriber Agreement, including the "Addendum for Nonprofessionals" if applicable, to your OPRA vendor.
- Vendor Review and Qualification: The OPRA vendor will then review your submitted Agreement. This review process includes evaluating whether you qualify as a Nonprofessional Subscriber, which can impact the terms and pricing of your subscription.
By following these steps, you will formalize your request and allow the vendor to set up your access to OPRA quotes.
For additional information, you can refer to the official OPRA FAQs.
