TMX Group Inc. today announced that London Stock Exchange Group's pan-European derivatives market, Turquoise Derivatives, has successfully migrated to the TMX SOLA® trading system.
SOLA, which was created by Montréal Exchange, is also the trading technology platform for Borsa Italiana's IDEM market as well as the Oslo Bors.
"We are very pleased that SOLA has been adopted at all of the London Stock Exchange Group's derivatives markets," said Brenda Hoffman, Chief Information Officer and Group Head of Information Technology for TMX Group. "SOLA provides the flexibility, functionality and ultra low latency critical to today's trading customer."
The SOLA technology is designed for scalability to efficiently meet ever expanding capacity and performance requirements.