“The SOLATM platform was selected after an assessment of competing trading platforms,” said Will Easley, Senior Managing Director of BOX. “We needed a technological overhaul because of our rapid growth, combined with what we expect to be dramatic changes in the US options industry in the next few years. BOX based its decision not only on system performance targets but also reliability, cost to operate, scalability and time-to-market factors. The SOLATM proposal was very strong on each of these criteria.”
Rosanna Teti, Senior Vice-President, Information Technology Solutions at the MX, said, “SOLATM sets new performance benchmarks in the next generation of trading software. It shifts the traditional emphasis on massive hardware investments towards creative and intelligent software design.” According to RosannaTeti, the new system provides exceptional performance and capacity:
- Processing 200,000 price updates per second per processing units;
- Handling 100,000 orders per second per processing unit;
- Delivering an average response time of less than 20 milliseconds;
- Running on multiple platforms: UNIX, LINUX and WINDOWS.
SOLATM provides electronic trading solutions for a variety of financial products such as options, futures and equities. We believe it is a leading edge technological solution that easily outperforms legacy solutions. It will help financial exchanges remain competitive and position them in the technological forefront of trading systems.”
