New York Stock Exchange (NYSE) has launched its new integrated trading technology platform, NYSE Pillar. The new platform enables NYSE participants to connect to all of its equities and options markets using a single specification.
The new platform is underpinned by a matching engine – the core exchange software that runs trading – developed by Algo Technologies. Algo Technologies was set up in 2010 by former Chi-X Europe COO Hirander Mirsa and Rami Habib and Alexei Lebedev to target the high-frequency trading (HFT) market. In 2014, the vendor was bought by NYSE.
