DataArt is Proud to Deliver State-of-the-art Technology to the Nasdaq PHLX Trading Floor

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. 𝐅𝐁𝐌𝐒 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 • Trades a 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐩𝐨𝐫𝐭𝐢𝐨𝐧 𝐨𝐟 𝐔𝐒 𝐞𝐪𝐮𝐢𝐭𝐲 𝐨𝐩𝐭𝐢𝐨𝐧𝐬 • Processes sophisticated multi-leg orders quickly and efficiently (𝐬𝐞𝐜𝐨𝐧𝐝𝐬 𝐯𝐬 𝐦𝐢𝐧𝐮𝐭𝐞𝐬 on other trading floors) • 𝐅𝐚𝐬𝐭𝐞𝐫, 𝐦𝐨𝐫𝐞 𝐝𝐲𝐧𝐚𝐦𝐢𝐜 𝐔𝐈 with automated order and trade updates in the background • Tight integration with 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐮𝐫𝐯𝐞𝐢𝐥𝐥𝐚𝐧𝐜𝐞 for 𝐢𝐦𝐩𝐫𝐨𝐯𝐞𝐝 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 • Designed and tested for 𝐡𝐞𝐚𝐯𝐲 𝐜𝐨𝐧𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐥𝐨𝐚𝐝𝐬, can easily scale to a user base double the current size • The architectural design supports 𝐦𝐮𝐥𝐭𝐢𝐩𝐥𝐞 𝐛𝐫𝐨𝐰𝐬𝐞𝐫𝐬 and 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 • 𝐈𝐦𝐩𝐫𝐨𝐯𝐞𝐝 𝐦𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠 and operations automation help lower support costs and TCO 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. 𝐈𝐦𝐩𝐚𝐜𝐭 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