Sola Trading
Encyclopedia
Sola Trading is an electronic trading system platform that manages the transactions of securities products for a derivatives exchange.
SOLA supports the trading of various types of derivative models across all asset classes in cash, commodity and fixed income markets.
The Sola Trading Platform is currently being used for the trading of options, Futures, Forwards and other exchange-listed derivative securities by five major derivative exchanges globally which include the following:
The Sola Trading Platform was both designed and developed by The Montreal Exchange
(Bourse de Montréal) which is now a fully owned subsidiary of the TMX Group.
The Sola Trading platform has its own native communication protocol called Sola Access Information Language
(SAIL) as its primary form of front end access communication protocol, and also supports FIX Protocol
and STAMP Protocol. Sola currently uses "High Speed Vendor Feed (HSVF) as its market data vendor protocol
The Turquoise (trading platform) ,Derivatives Platform Launched June 6th, 2011 started with the addition of FTSE Index 100 Futures contracts and has expanded to have FTSE 100 Options contracts on September 26, 2011 This fast growing high speed exchange has been recognized as the award winner of the "Best New Derivatives Trading Platform/Service" by the Financial News Awards for Excellence in Trading and Technology, Europe 2011
The SOLA technology of TMX is recognized as one of the "Big 3" suppliers of trading technology to exchanges around the world, competing with NYSE Euronext and Nasdaq OMX.
SOLA supports the trading of various types of derivative models across all asset classes in cash, commodity and fixed income markets.
The Sola Trading Platform is currently being used for the trading of options, Futures, Forwards and other exchange-listed derivative securities by five major derivative exchanges globally which include the following:
- Boston Options ExchangeBoston Options ExchangeBoston Options Exchange Group, LLC is an automated stock exchange owned and operated by the TMX Group. As an equity options market, it provides electronic order matching services to stock brokers and traders.- Overview :...
(BOX), - Montreal ExchangeMontreal ExchangeThe Montreal Exchange or MX is a derivatives exchange, located in Montreal, that trades futures contracts and options on equities, indices, currencies, ETFs, energy and interest rates. Since 1965, it has been located in the Tour de la Bourse , Montreal's third-tallest building...
(MX), - Turquoise (trading platform) ,Derivatives, a Multilateral Trading Facility for trading of IOB Russian (formerly EDX) and Pan European Derivatives
- Oslo Børs (Derivatives only) on the Oslo Stock ExchangeOslo Stock ExchangeThe Oslo Stock Exchange serves as the main market for trading in the shares of Norwegian companies. It opens at 9:00am and closes 5:30pm local time...
, - IDEM (Italian Derivatives Equity Market) on Borsa ItalianaBorsa ItalianaThe Borsa Italiana S.p.A., based in Milan, is Italy's main stock exchange. It was privatised in 1997 and is a part of the London Stock Exchange Group plc since 2007. In 2005, the companies listed on the Borsa were worth US$890 billion...
.
The Sola Trading Platform was both designed and developed by The Montreal Exchange
Montreal Exchange
The Montreal Exchange or MX is a derivatives exchange, located in Montreal, that trades futures contracts and options on equities, indices, currencies, ETFs, energy and interest rates. Since 1965, it has been located in the Tour de la Bourse , Montreal's third-tallest building...
(Bourse de Montréal) which is now a fully owned subsidiary of the TMX Group.
The Sola Trading platform has its own native communication protocol called Sola Access Information Language
Sola Access Information Language
"Sola Access Information Language" native protocol is primary form of front end access communication protocol of the Electronic Sola Trading platform Sola Trading - External links :* SOLA Homepage * List of active electronic trading protocols...
(SAIL) as its primary form of front end access communication protocol, and also supports FIX Protocol
FIX protocol
The Financial Information eXchange protocol is an electronic communications protocol initiated in 1992 for international real-time exchange of information related to the securities transactions and markets...
and STAMP Protocol. Sola currently uses "High Speed Vendor Feed (HSVF) as its market data vendor protocol
The Turquoise (trading platform) ,Derivatives Platform Launched June 6th, 2011 started with the addition of FTSE Index 100 Futures contracts and has expanded to have FTSE 100 Options contracts on September 26, 2011 This fast growing high speed exchange has been recognized as the award winner of the "Best New Derivatives Trading Platform/Service" by the Financial News Awards for Excellence in Trading and Technology, Europe 2011
The SOLA technology of TMX is recognized as one of the "Big 3" suppliers of trading technology to exchanges around the world, competing with NYSE Euronext and Nasdaq OMX.
External links
- SOLA Homepage http://www.sola-x.ca/index.htm
- M-X Homepage http://www.m-x.ca/accueil_en.php
- BOX Homepage http://www.bostonoptions.com/index_en
- Oslo Børs ASA Homepage http://www.oslobors.no/ob_eng
- EDX London Homepage http://www.londonstockexchange.com/edx/home/homepage.htm
- Borsa Italiana Derivatives Homepage http://www.borsaitaliana.it/derivati/derivati/derivati.en.htm
- Turquoise Derivatives Homepage http://www.tradeturquoise.com/
- List of active electronic trading protocols
- Sola Access Information LanguageSola Access Information Language"Sola Access Information Language" native protocol is primary form of front end access communication protocol of the Electronic Sola Trading platform Sola Trading - External links :* SOLA Homepage * List of active electronic trading protocols...