Acrobat X Files

Home > Business and Economy > Option Trading

Realtime trading helps PHLX reach new heights

Sort Desciption:

scalability we require as the trading volume on our options. trading floor increases. ... Schafer first VP of options trading. systems development at PHLX. ...

Content Inside:

Realtime trading helps PHLX reach new heightsPage 1When every second counts we employ only the technology that optimizes our business in a realtime network computing environment. The TIBCO solution provides a more open and far more advanced technology for the high performance and scalability we require as the trading volume on our options trading floor increases.William Morgan Executive VP and CIO PHLXRealTime Trading Helps PHLX Reach New Heights S u C C E S S S T O R y Industry: Financial ServicesGeography: united StatesDeployment Summary System replaces homegrown pointtopoint messaging infrastructure with seamlessly integrated TIBCO messaging infrastructure. Integration unifies all tradingrelated systems that are responsible for generating displaying and distributing quotes; routing orders; and executing and reporting trades in real time. Benefits System scales to accommodate massive growth in trading volume. High system reliability ensures smooth operations. Messaging solution gives traders realtime notification of trading activity. The messaging solution reduced development cycles by 20 to 30 percent and decreased time to market.The Philadelphia Stock Exchange (PHLX) was the first securities exchange in the U.S. and is among the nations fastest growing sectors index option exchanges. It trades options on more than 2200 stocks and indexes which equates to more than 75000 products that must be priced and traded daily. This number continues to increase at a dramatic rate as decimalization the transition from fraction pricing to decimal pricing drives data volumes to historic levels.PHLX must receive and process approximately 300 million quotes per day because each option quote reflects a combination of many more variables such as different strike prices and maturity dates. PHLX must also update each quote with every tick of the underlying equity. In addition it is required to send all options prices generated on its exchange up to 47 million quotes per da ...

Source: www.tibco.com

 

Related Files

An Investors Guide to Trading Options - Book Review

Filed under: Business and Economy and Option Trading
... put this book into circulation, as it will have a long life with investors. Gail Osten is executive editor of SFO magazine Bite-Sized Topics in the Guide What Is an Option Anyway? How Does Option Trading ...

Volatility Forecasting and DeltaNeutral Volatility Trading for ...

Filed under: Business and Economy and Option Trading
we evaluate profits from options trading for rival volatility ... tions on the DTB DAX option trading were carried out by the second named author ...

THE VALUE LINE Guide to Option Strategies

Filed under: Business and Economy and Option Trading
The Value Line Guide to Option Strategies - Page 5 Preface - Options & the Value Line Daily Options Survey Option trading, as we know it, began in 1973. That was the year when Fischer Black and Myron ...

An Investors Guide to Trading Options - Sample Pages

Filed under: Business and Economy and Option Trading
TYPES OF OPTIONS CONTRACTS Calls Puts What Is an Option? An option is a contract to buy or sell a specifi c fi nancial product offi cially known as the options underlying instrument or underlying ...

An Investor Guide to the Stock Option Timing Scandal

Filed under: Business and Economy and Option Trading
... used herein under license. Rev., July 2006. An Investor Guide to the Stock Option Timing ... company retroactively sets the exercise price for a stock option to an earlier date. If the stock was trading at a ...