Regulation NMS Exchange Platform Solution

A US-based regulated exchange was preparing for a large-scale technology migration from a legacy system to an entirely new platform and was initially looking for a flexible FIX-based member firm interface into both old and new trading systems. After the initial proof-of-concept, the capabilities of the Enodia Financial Technology exchange solution became apparent, and the project scope was expanded to include the following:

· Ticker Plant into the Trading System & Market Operation

· Real-time Tape Reporting

· SEC Compliant Surveillance System

· System Control & Notification Center

· Corporate Actions Solution

· Back Office Billing & Reporting

· DTC Clearing Interface

· FINRA Compliant Trade Reporting

· Member Firm Interface

Ultimately, the solution was able to help bridge all technology migration requirements between old and new systems including the back-end trading system while satisfying the business requirements for availability, flexibility, performance, and reliability.

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