Boston Options Exchange Group (BOX) will deploy a new operations platform on May 10. BOX has chosen Equinix, a provider of data center services, as the location for its new fast matching engine which will operate within the Equinix NY4 International Business Exchange (IBX) data center.
With the new operations platform, BOX participants can expect to benefit from: response times of less than one millisecond; speed of a million quotes per second; capacity of a 100,000 orders per second and allocation of 5,000 messages for every logical connection.
BOX’s ultra-low latency matching engine can be accessed from hubs in Chicago and New York. Moreover, the participants wishing to connect at NY4 can arrange space directly through Equinix.
Tony McCormick, CEO of BOX, said: “BOX’s new operations platform demonstrates our ongoing commitment to reinvestment in our infrastructure with the addition of a high performance trading environment that is value-driven for our clients. BOX participants will see consistent response times and message allocation that will meet or exceed market demand at a speed 3x faster than our current architecture.”
Alain Miquelon, head of derivatives at TMX Group, said: “TMX Group is both the majority shareholder as well as the technology provider to BOX. As we work with BOX management to identify and capitalize on new growth opportunities, these platform improvements serve to further strengthen our competitive advantage in the market.”