Options Technology has expanded its AtlasFeed and raw market data coverage following a record first half of 2026, adding new U.S. options depth feeds, connectivity to the now-live Texas Stock Exchange and broader access to markets across the Middle East as institutional firms contend with rising data volumes and an expanding number of trading venues.
The infrastructure provider said the latest expansion gives clients immediate access to additional U.S. options and equities feeds while extending connectivity to the Abu Dhabi Securities Exchange, Dubai Financial Market and Borsa Istanbul. The additions build on Options Technology’s Atlas infrastructure suite, which combines normalized market data, networking and trading infrastructure for capital markets firms.
Options Technology said June averaged 76.4 million U.S. options contracts traded per day, citing the level of activity as one of the factors driving demand for additional depth feeds and infrastructure capable of processing increasingly large volumes of market data.
Market Fragmentation Is Driving Infrastructure Investment
The bigger story behind the expansion is the growing number of venues that institutional trading firms need to monitor and connect to simultaneously. Every additional exchange or execution destination creates requirements around market data licensing, normalization, network capacity, order routing and operational support, increasing the value of infrastructure that can integrate new venues without forcing clients to rebuild their trading stack.
The Texas Stock Exchange is a clear example. TXSE moved into production in July, initially opening with test symbols before beginning live trading in NMS securities on July 10 and completing its phased rollout across listed symbols by the end of the month. TXSE’s rollout schedule shows all NMS symbols scheduled to be live by July 31.
Options is therefore not preparing clients for a future venue. It is connecting them to an exchange that is already trading. The company now provides immediate TXSE market data and order-routing capabilities, allowing institutional clients to incorporate the new venue into existing workflows as liquidity develops.
The relationship between the two companies also predates the exchange’s launch. Earlier this year, TXSE selected Options Technology’s AtlasInsight platform for network monitoring and analytics across its trading infrastructure, giving the provider a role on both sides of the venue’s technology ecosystem. FinanceFeeds reported in March that AtlasInsight would provide real-time visibility across TXSE’s market data and trading systems.
U.S. Options Growth Is Increasing the Data Burden
The expansion also comes as the U.S. listed options market continues generating exceptionally large volumes of data. Options Technology said average daily volume reached 76.4 million contracts in June, increasing the amount of quote, trade and depth information that brokers, market makers and quantitative firms must ingest and process.
That matters because options market data is significantly more demanding than a simple equities price feed. A single underlying stock can have hundreds or thousands of listed option contracts across different strikes and expirations, with quotes updating across multiple exchanges. As overall trading volumes rise, so do message rates and the infrastructure requirements associated with distributing full depth-of-book data.
Options said the H1 expansion includes additional U.S. options depth feeds through both AtlasFeed normalization and native feed delivery, allowing firms to integrate more exchange data without changing the downstream architecture used across their existing trading systems.
The company has been investing in that problem for years. Options previously upgraded its infrastructure for OPRA distribution, while its current network remains one of the relatively limited number capable of distributing the full U.S. consolidated options feed into Europe.
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New Venues Make Normalized Data More Valuable
Market fragmentation creates a particular challenge because every exchange distributes information using its own technical specifications. Trading firms can consume each native feed independently, but doing so requires separate engineering work, testing and maintenance for every venue.
Normalized products such as AtlasFeed address that problem by converting multiple exchange feeds into a common data model. That allows downstream trading applications to process information from different venues without maintaining separate logic for every exchange protocol.
The value of that model increases as the number of markets grows. Options has continued expanding AtlasFeed alongside its wider enterprise data business, and in July appointed former Cboe market data executive Stephen Dorrian as Senior Vice President of Enterprise Data with responsibility for the product. The appointment placed AtlasFeed under a dedicated senior data executive as Options expands market data alongside its networking, cloud and managed infrastructure businesses.
Middle Eastern Markets Are Becoming Harder to Ignore
The H1 expansion is not limited to North America. Options has also added coverage of the Abu Dhabi Securities Exchange, Dubai Financial Market and Borsa Istanbul, extending AtlasFeed and connectivity further into markets attracting greater international institutional participation.
The expansion follows a broader push by Options into the region as global trading firms increase their exposure to Gulf capital markets. Accessing those venues requires more than simply licensing exchange data. Institutions also need resilient international networks, local connectivity and the ability to incorporate regional feeds into the same applications used for U.S., European and Asian markets.
For infrastructure providers, that creates an opportunity to reduce the operational burden of entering new markets. Instead of firms building separate connectivity stacks for each jurisdiction, providers can increasingly deliver market data and routing through global networks that already connect major trading centers.
Market Data Is Becoming Part of the Competitive Trading Stack
Danny Moore, President and CEO of Options Technology, said the expansion was designed to ensure clients remain equipped for a market structure characterized by rising options volumes and an increasing number of execution venues.
“By expanding our AtlasFeed normalization and native feed coverage, we are ensuring our clients stay ahead of market fragmentation,” Moore said.
That fragmentation is turning market data from a background technology function into a more strategic part of institutional trading infrastructure. Firms increasingly need to receive, normalize and process information from exchanges, alternative venues and regional markets while preserving the latency and reliability required by automated execution systems.
The trend is visible elsewhere in the U.S. market. Waypoint Trading Solutions also added TXSE connectivity ahead of the exchange’s launch, illustrating how infrastructure providers have been positioning themselves around a broader set of U.S. equity execution destinations.
For Options, the H1 expansion brings those trends together. Record options activity is increasing the amount of information clients need to process, TXSE has added another live U.S. equity venue to the routing landscape, and growing institutional interest in Gulf markets is expanding the geographic scope of trading infrastructure. AtlasFeed’s role is to make those additions look less like separate technology projects and more like extensions of the same global trading environment.