DMA & RegNMS

A US-based exchange was looking to provide a more reliable back-up solution for their Reg NMS away market routing requirements. Their goal was to find a cost-effective and low-latency solution for routing away orders to other NMS market centers to satisfy SRO requirements under Reg NMS. The exchange chose the Enodia Technology Platform’s low latency DMA solution to meet the requirements for internal & external system integration. Additionally, market operations personnel on the floor required real-time visibility into system availability as well as order audit trail capability. The delivered solution was able to satisfy a number of key requirements:

· SRO Requirements in the context of Reg NMS

· Daily and monthly execution quality reports

· Real-time monitoring by market operations

· Risk management controls for self-help scenarios

· Odd-lot order management

· High availability across multiple data centers

For the complete detailed case study, send your request to sales@enodiafinancial.com