Saturday, July 31, 2021

NYSE Group, Inc. Selects TRAFiX LLC as Technology Solution for Options

TRAFiX LLC, a global FinTech company and industry leader in neutral trading systems for brokers, and NYSE Group, Inc. which operates the world’s largest stock exchange worldwide, have entered into a multi-year agreement under which TRAFiX will provide stockbrokers NYSE American Options and NYSE Arca Options and their respective clients with seamless electronic integration with NYSE Pillar through TRAFiX’s advanced option order management system. and / or the global FIX network.

“In addition to superior performance and determinism, NYSE Pillar will provide NYSE American and NYSE Arca options market participants with an open architecture platform, on which we are delighted that TRAFiX is the primary order management system. for stockbrokers, ”said Ivan Brown, Head of options and business development for NYSE Group. “As the premier exchange operator for open access trading floors, the NYSE recognizes the core value of combining humans and technology to better meet institutional needs, and TRAFiX, which has a proven track record in flexibility and real-time solutions, is a natural collaborator to support our ongoing efforts to improve the open access experience on the NYSE options markets. ”

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“TRAFiX is delighted to be working with the NYSE on such an important project and we are delighted to provide NYSE American Options and Arca Options stock brokers with our cutting edge technology. This represents the culmination of considerable efforts by NYSE and TRAFiX to identify and deliver the most effective trading solutions to end users, ”said Michael Ottrando , Managing Director and Global Sales Manager for TRAFiX. “The integration for users between the TRAFiX and NYSE Pillar platforms will enable them to achieve a seamless open outcry electronic workflow with a fully compliant and advanced order management system, broker neutral, and a global FIX network. ”

Walter Fitzgerald , CEO of TRAFiX, said: “We look forward to deploying our electronic trading solutions and our global FIX network to support options brokers and clients of the NYSE Group. Working together underlines our commitment to execute our growth strategy both nationally and internationally. TRAFiX is delighted with this strong working relationship with the NYSE group. “

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