StoneX Deploys Chronicle FIX Engine to Improve Stock Trading

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“Our choice of Chronicle was particularly influenced by the enhanced features and functionality provided in its FIX software, as well as the company’s agile and flexible approach to delivering its services.”

StoneX has deployed Chronicle’s FIX engine to replace incumbent trading technology to improve its stock trading performance.

The trading giant chose Chronicle for its speed, flexibility and reliability, according to Thomas Moore, Managing Director, Head of Equity Trading at StoneX.

The Chronicle FIX engine is said to meet “the most stringent performance and resiliency requirements of most of the world’s leading foreign exchange banks.”

The solution powers trading with exceptionally low latency, high throughput (approximately 1 million messages per server/second), rules-based routing to facilitate scalability, multi-level security, and a robust design supporting uninterrupted trading, according to Chronicle.

Thomas Moore, Managing Director, Head of Equity Trading at StoneX, said: “It’s always a tough decision to replace existing technology. Our choice of Chronicle was influenced in particular by the enhanced features and functionality provided in its FIX software, as well as the company’s agile and flexible approach to delivering its services. Our customers will particularly benefit from the speed, reliability and overall flexibility of the Chronicle solution.

Peter Lawrey, CEO of Chronicle Software, said, “We are delighted that our software has been selected by StoneX and we look forward to working with them to deliver an enhanced customer experience.

“Our approach to software development supports and facilitates a growing buy-to-build trend in financial services. We recognize the challenges market players face in integrating old and new technologies, and provide customers with maximum flexibility in Chronicle software licensing and solution implementation.

Last year, StoneX Markets enhanced its self-service OTC platforms for commodities trading, providing a single, digitized offering from which to access, manage and fully execute futures and options trading. (via FCM affiliate, StoneX Financial Inc.) as well as access to OTC markets (via StoneX Markets LLC as counterparty).

Clients can now receive market information, risk measurement, scenario analysis and market execution all in one place. StoneX Markets self-service OTC platform has been designed to provide direct access to its OTC markets, often considered opaque and complicated for novice investors, so that it can be exploited by all users of stone products. commodity options.

The digital platform includes the Structured Products Online Calculator (“SPOC”), the Strategic Options Solver (“SOS”) and the Options Calculator (“OC”). When combined and integrated with StoneX Markets’ wide range of service offerings, including Market Intelligence, Accumulator Manager and My StoneX, they provide a single, digitized self-service OTC platform.


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