What is the Options Price Reporting Authority?

Often abbreviated to OPRA, the Options Price Reporting Authority is a committee of representatives that provides last sale information and current options quotations from participating stock exchanges. Quotes and information are provided through market data vendors.

Where have you heard about the Options Price Reporting Authority?

OPRA is associated with many high-profile exchanges with participating exchanges including the American Stock Exchange (AMEX), Chicago Board Options Exchange (CBOE), Boston Options Exchange (BOX) and Pacific Exchange (PCX).

What you need to know about the Options Price Reporting Authority.

Services carried out by the Options Price Reporting Authority are divided into two main sections: a basic service that provides all options aside from foreign currency derivatives; and an 'FCO service' that includes information on foreign currency options. The Securities Industry Automation Corporation (SAC) is responsible for the OPRA systems and networks, gathering the last sale and quote information from each of the participating exchanges. The Chicago Board Options Exchange serves as the OPRA administrator.

Find out more about the Options Price Reporting Authority.

Understand OPRA further by reading our definitions of options price and stock exchange.