NYSE to Launch a New Trading Platform Dubbed Pillar
Pillar will first go live on Arca in Q3 2015.
Through it, users will be able to connect to the New York Stock Exchange's equities and options markets using a single specification.
"Pillar has been designed to reduce complexity, while enhancing consistency, performance and resiliency," while providing simplified, harmonized order types, terminology and messaging across all of NYSE's markets; shorter time to market for ongoing enhancements; and more efficient processing, according to a statement.
NYSE Arca Equities will be the first market to migrate to Pillar in Q3 2015. Upon completion, including Arca, users will be able to connect to NYSE, NYSE MKT, NYSE Arca Options, NYSE Amex Options, Global OTC and NYSE Bonds, through a single interface. New customer gateways and connectivity are also included in the upgrade.
"During the first phase of implementation, you will continue to connect to existing NYSE Arca gateways as the new technology is deployed across our matching engines," the release notes. "The second phase, in the fourth quarter of 2015, will include the introduction of new customer gateways and connectivity. You will be required to write to the new protocols as well as establish new connectivity to NYSE Arca."
In late 2013 the IntercontinentalExchange (ICE) completed its acquisition NYSE Euronext. In December, ICE divested its remaining stake in Euronext.
After the merger was announced, ICE's then-CTO Edwin Marcial spoke with Waters about the planned integration, as larger tech questions loomed after a spat of mergers across the globe. In October 2014, Marcial stepped down from his post.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Ice moves to meet demand for greater cloud, AI capabilities
The exchange also outlined competitive advantages behind managing its data and cloud strategy internally during its Q1 earnings call on Thursday.
FactSet looks to build on portfolio commentary with AI
Its new solution will allow users to write attribution summaries more quickly and adds to its goal of further accelerating discoverability, automation, and innovation.
How Ally found the key to GenAI at the bottom of a teacup
Risk-and-tech chemistry—plus Microsoft’s flexibility—has seen the US lender leap from experiments to execution.
The IMD Wrap: Beginning of the end for data audits?
This week, there’s exciting news for data bean-counters in the form of a partnership between two vendors that could change the way we view and track data usage and audits.
S&P debuts Spark Assist genAI copilot, draws up ‘Blueprints’ of combined datasets
S&P’s Kensho subsidiary has rolled out new emerging tech products leveraging AI to explore and combine the vendor’s wealth of datasets to solve common use cases.
Nasdaq reshuffles tech divisions post-Adenza
Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.
Liquidnet sees electronic future for gray bond trading
TP Icap’s gray market bond trading unit has more than doubled transactions in the first quarter of 2024.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- DTCC urges affirmation focus ahead of T+1 move
- FactSet looks to build on portfolio commentary with AI