AI and automation

Torc to provide ancillary services to PHLX’s equity trading system

The Philadelphia Stock Exchange and Torc Financial, a financial-automation software design firm, have teamed up for a joint development project to provide ancillary services to the PHLX-XLE equity trading system.

CBR Staff Writer June 22, 2006

Expected services to be developed by Torc and licensed to the PHLX include VWEB, a system that allows for the entering of cross orders by PHLX floor brokers, as well as help-desk and operational support tools.

In addition, Torc will provide consulting and advisory services as necessary to ensure the successful implementation of the PHLX-XLE system, as well as maintaining the PHLX securities exchange.

Founded in 1790, the PHLX trades 1,943 stocks, more than 2,200 equity options, 19 sectors index options, and currency options and futures.

More Relevant

Cybersecurity

UK government proposes strict new ransomware payment rules

Comment

There’s a looming skills crisis in cloud security

Silicon

US implements new controls to strengthen AI chip export regulations

Cybersecurity

UN aviation agency confirms nearly 12,000 affected by data breach

Sign up to the newsletter: In Brief

Your corporate email address *

First name *

Last name *

Company name *

Job title *

Vist our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the Progressive Media network.

Sign up for our regular news round-up!

Sign up for our weekly news round-up!

Sign up to the newsletter: In Brief

I would also like to subscribe to:

Thank you for subscribing