NEW YORK, July 21, 2021 / PRNewswire / – TRAFiX LLC, a global fintech company and industry leader in broker-neutral trading systems, and NYSE Group, Inc., which operates the world’s largest securities exchange, have entered into a multi-year agreement on TRAFiX to share the NYSE Enables American Options and NYSE Arca Options Floor Brokers and their respective clients to seamlessly integrate electronically with NYSE Pillar via TRAFiX’s advanced Options Order Management System and / or the global FIX network.
In addition to superior performance and determinism, NYSE Pillar will provide NYSE American Options and NYSE Arca Options market participants with an open architecture platform. We are pleased that TRAFiX is the leading order management system for floor brokers “, said Ivan Brown, Head of Options & Business Development of the NYSE Group. As the leading operator of open-outcry trading floors, the NYSE recognizes the fundamental value of bringing people and technology together to best serve institutional needs. And TRAFiX, with its proven track record of providing flexibility and real-time solutions, is an ideal partner to support our ongoing efforts to improve the open outcry experience in the NYSE options markets. “
TRAFiX is delighted to be working with the NYSE on such an important project and we are excited to bring our state-of-the-art trading technology to the NYSE American Options and Arca Options Floor Brokers. This is the culmination of extensive efforts by both NYSE and TRAFiX to identify the most efficient trading solutions and make them available to end users, “said Michael Ottrando, Managing Director and Global Head of Sales at TRAFiX. The integration between the TRAFiX and NYSE Pillar platforms enables users to have a seamless, electronic open-outcry workflow with a fully compliant and advanced, broker-neutral order management system and a global FIX network. “
Walter Fitzgerald, CEO from TRAFiX, stated: We look forward to using our electronic trading solutions and global FIX network to serve the NYSE Group’s options floor brokers and clients. The cooperation underlines the commitment with which we are implementing our growth strategy both domestically and internationally. TRAFiX is looking forward to a good cooperation with the NYSE Group. “
ber TRAFiX:
TRAFiX is a broker-neutral, global FinTech company that offers innovative order & execution management solutions, real-time FIX connectivity and normalized API interfaces to meet the functional and legal requirements of the financial services industry. Our scalable offering is specifically designed using the latest advancements in software development and enterprise architecture to meet the growing challenges of today’s trading community. It currently supports electronic stocks, options and complex options trading. Our open architecture enables continuous expansion to include additional asset classes. The TRAFiX team has decades of experience and focuses on developing superior applications that integrate into our customers’ technological ecosystem and reduce total cost of ownership.
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