TimesTen Signs PHLX; 4.5 Coming


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

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