20 April 2017
DataArt is proud to deliver state-of-the art technology to the Nasdaq PHLX trading floor
“The DataArt- Nasdaq combination is great for what we are trying to accomplish with our trading floor and it is fast, it is lightning fast”, said Kevin Kennedy, Senior Vice President and Head of U.S. Options, Nasdaq.
Cliff Moyce, Global Head of the Finance Practice, DataArt, said: “That’s why we chose those technologies, because all of the functions in the new floor broker management system happen in tiny fractions of a second. On top of that, it has to keep performing exactly the same in different market scenarios and market scenarios are very complex. You won’t find any equivalent solution that performs at the same speed. If you are trading in an electronic exchange, you have to be completely confident that what you expect to happen is what is happening.”