About the client
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets.
The Nasdaq logo is either a registered trademark or a trademark of Nasdaq, Inc. and/or its affiliates in the United States and/or other countries.
" The DataArt-Nasdaq combination is great for what we were trying to accomplish with our trading floor. The new system has been amazing in terms of performance."
Envisioning the Future of Options Trading with Nasdaq Floor Broker Management System
Client
Nasdaq, a leading securities exchange and a global leader in exchange technology, needed to modernize their Floor Broker Management System for the US options trading floor at the Philadelphia Stock Exchange.
Business Challenge
The existing technology was not fully meeting the needs of the demanding user community, especially for complex order types and trader workflows that characterize institutional options trading.
Solution
Following a comprehensive technical assessment, the DataArt team of architects and expert developers re-engineered the front end trading application using state-of-the-art technologies.
The new system gives the traders a familiar and highly performant user interface featuring automated order and trade updates. It is able to meet the high demands of performance, stability, and resilience, including trading from mobile devices. The new application was designed and tested for heavy concurrent loads, and is capable of scaling easily to multiples of the current user base.
Benefits
- Maximized performance for the most complex and demanding market scenarios
- Tighter integration with market surveillance for improved regulatory compliance
- Lower TCO due to improved automation and monitoring
- Improved customer satisfaction
Watch this video to learn more about DataArt and Nasdaq partnership for the new PHLX trading floor
