.jpg)
NYSE TransactToolsSM, a subsidiary of NYSE Euronext (NYSE Euronext: NYX), today announced that Kershner Trading Group has selected TCM6 to automate their trading environment. According to Bob Schulz, President and CIO of Kershner Trading, “We needed a solution that would best empower our traders with low latency access to pools of liquidity, one that compliments our own proprietary trading and analysis software and one that can grow with our business.”
Kershner Trading conducted a full analysis to determine whether they should build or buy a solution and if they bought, which solution would be best. “In the end, the TransactTools TCM6 solution won based on high throughput and low latency, broad access to pools of liquidity, high availability, monitoring and control capabilities, overall time to market and development flexibility. Our testing verified the performance metrics and scalability” said Bob Schulz. “NYSE TransactTools is also extremely well aligned with our business. We are always looking to quickly gain access to new destinations and give our traders an edge.”
NYSE TransactTools provides financial markets and market participants with an open, low latency, and neutral platform for global trading connectivity that improves liquidity and reduces risk. The synergistic high performance environment, software and network facilitate DMA trading and market data dissemination between market centers, traders and third party service providers. Firms can access liquidity globally through a single technology platform with extremely low latency.
TCM6 is the industry’s leading financial messaging engine, providing high-performance, highly-configurable routing and translation of multiple message standards and formats. The TCM6 architecture integrates a highly scalable application server framework with a wide range of management, monitoring and analysis tools including monitoring and alerting and event and transaction analysis. Combining sub-millisecond intelligent message handling with a suite of operational and business tools, TCM6 is the platform of choice among the world’s most sophisticated electronic trading firms.
“In an industry that’s evolving as rapidly as ours, getting to market quickly and with technology that’s smart and will scale for the future is critical for staying competitive,” said Sam Johnson, NYSE Euronext Executive Vice President and CEO of NYSE TransactTools. “We’re pleased that Kershner has chosen our TCM6 after evaluating alternatives, and we look forward to working with Bob and his team as they aggressively expand their business.”
