NYSE Group, Inc. Selects TRAFiX LLC as Options Technology Solution
NEW YORK, July 20, 2021 / PRNewswire / – 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, have reached multi-year agreement in which TRAFiX will provide NYSE American Options and NYSE Arca Options Floor Brokers and their respective clients seamless electronic integration to NYSE Pillar through TRAFiX’s advanced options order management system and / or the global FIX network.
“In addition to superior performance and determinism, NYSE Pillar will offer market participants NYSE American Options and NYSE Arca Options an open architecture platform, on which we are delighted that TRAFiX is the primary order management system. for floor brokers, ”said Ivan brown, head of options and business development for the NYSE group. “As the premier stock exchange operator for open-auction trading floors, the NYSE recognizes the core value of bringing people and technology together to best meet institutional needs, and TRAFiX, with its proven track record of flexibility and real-time solutions, is a natural collaborator to support our ongoing efforts to improve the auction experience on the NYSE options markets. “
“TRAFiX is delighted to be working with NYSE on such a critical project and we are delighted to provide NYSE American Options and Arca Options Floor Brokers with our cutting-edge trading technology. This represents the culmination of considerable effort by NYSE and TRAFiX to identify and provide the most efficient trading solutions to end users, “ mentionned 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 electronic auction workflow with a fully compliant and advanced order management system, broker neutral and network Global FIX.
Walter Fitzgerald, CEO of TRAFiX said, “We look forward to deploying our electronic trading solutions and our global FIX network to support NYSE group option brokers and clients. Working together underscores our commitment to execute our growth strategy both nationally and internationally. TRAFiX looks forward to a strong working relationship with the NYSE Group. “
TRAFiX is a broker-neutral global FinTech company providing innovative order and fulfillment management solutions, real-time FIX connectivity, and standardized APIs to meet the functional and regulatory requirements of the financial services industry. Our scalable offering has been specifically designed to use the latest enhancements in software development and enterprise architecture to solve the growing challenges facing today’s business community. Currently supporting electronic trading of stocks, options and complex options, our open architecture allows for the continuous addition of asset classes. The TRAFiX team has decades of experience and is particularly focused on designing superior applications that integrate into our customers’ technology ecosystem and lower the total cost of ownership.
SOURCE TRAFiX LLC