3 May 2013News

BSX upgrades trading tech

The Bermuda Stock Exchange (BSX) announced this week that it is now powered by NASDAQ OMX Group’s X-stream trading platform.

The platform drives 70 marketplaces in 50 developed and emerging countries and is able to process more than 1 million messages per second with 99.99 percent up-time. The BSX expects its members to benefit from “significant enhancements in performance, latency and throughput capacity”.

BSX CEO Greg Wojciechowski commented: “the Bermuda Stock Exchange has always been focused on investing in technology that ensures that our trading platform is among the most advanced in the world and that extends our leadership over other competing exchanges. By deploying the industry’s leading trading engine, we are making clear to domestic and foreign markets that we are dedicated to operating a powerful, open marketplace.”