The Philadelphia Stock Exchange (PHLX) went live with TimesTen’s 4.3 real-time event processing system last week with plans to upgrade to the new version, 4.5. TimesTen 4.5 will be released to the general market in August.
The exchange is using the software for its Equity Options AutoQuote System, which generates options price quotes. The system uses TimesTen to capture real-time market events and store trader profiles, which are used to create new trader sessions and quickly recover the trad
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails