  Quasars have long been known to be variable sources at all wavelengths. Their
optical variability is stochastic, can be due to a variety of physical
mechanisms, and is well-described statistically in terms of a damped random
walk model. The recent availability of large collections of astronomical time
series of flux measurements (light curves) offers new data sets for a
systematic exploration of quasar variability. Here we report on the detection
of a strong, smooth periodic signal in the optical variability of the quasar PG
1302-102 with a mean observed period of 1,884 $\pm$ 88 days. It was identified
in a search for periodic variability in a data set of light curves for 247,000
known, spectroscopically confirmed quasars with a temporal baseline of $\sim9$
years. While the interpretation of this phenomenon is still uncertain, the most
plausible mechanisms involve a binary system of two supermassive black holes
with a subparsec separation. Such systems are an expected consequence of galaxy
mergers and can provide important constraints on models of galaxy formation and
evolution.
