The Philadelphia Exchange’s new online trading system, called PHLX XL, is ready for launch, pending approval by the SEC. PHLX XL will enable market makers to electronically deliver streaming quotes producing tighter, deeper markets and allow electronic access to market makers on and off the floor. PHLX has signed an agreement with actant to buy, initially, a minimum of 20 licenses for actant’s AQTOR mass quoting system, which they will make available to their members for the first six months of live operation.
Joshua Hodge, managing director of actant North America commented, “We have already received considerable commitment from PHLX members to use AQTOR for PHLX XL, and it has therefore become vital for us to have experienced actant staff on hand to support these users as they make this transition and develop the new business.”
actant is a leading provider of automated quote management solutions for market makers and liquidity providers on electronic exchanges. In Europe, actant offers market connectivity to Eurex/Xetra and the Euronext markets including Liffe, Amsterdam and Paris. In the US, actant offers connectivity to the ISE, CBOE, PCX, BOX, eCBOT PHLX, and soon, AMEX Exchanges.
