24 January 2018
visit www.ebaday.com

Boston Options Exchange completes move to Sola trading engine

18 July 2006  |  1417 views  |  0 Source: Boston Options Exchange

With the transfer of the last 125 classes this morning, BOX completed the migration to its new trading engine platform (SOLA which is licensed from the Montreal Exchange).

The transfer was accomplished progressively over six weeks starting on June 12; immediate benefits to BOX users are improved response times during peak traffic periods and a much quicker opening match in the morning. This completes phase one of BOX's migration to a new trading environment, to be followed by phase two in September with the replacement of BOX's HUB Communications software. The new environment will allow BOX to:

  • add 500 additional options classes
  • increase the number of Market Maker appointments on all options classes
  • increase Market Maker messaging throughput which will improve market quality
  • provide full penny quoting (and participate in the Penny Pilot Program to commence in January 2007)
  • reduce its technical operations costs

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.vasco.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Banks shift priorities toward growth, digitisation and innovation - surveyBanks shift priorities toward growth, digi...
9722 views comments | 38 tweets | 48 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
9429 views comments | 14 tweets | 14 linkedin
Sbanken opens developer portal and invites customers to build their own digital bankSbanken opens developer portal and invites...
8490 views comments | 17 tweets | 11 linkedin
Metro Bank joins digital revolution with instant online account openingMetro Bank joins digital revolution with i...
7022 views comments | 13 tweets | 25 linkedin
Could distributed ledgers restore the reputation of the MBS market?Could distributed ledgers restore the repu...
6967 views comments | 6 tweets | 9 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job