Stock exchange group NYSE Euronext (NYX) has debuted its Universal Trading Platform (UTP) for bond products traded on European markets.
In a statement, the company says it has successfully migrated 2,889 fixed-income instruments from the Nouveau Systeme de Cotation (NSE) platform to the UTP. Around 120 NYX customers were involved in the move.
NYX says the new platform uses “state-of-the-art technology” to improve latency times and trading capacity. UTP offers a 150-400 microsecond round-trip for transactions compared to NSC’s end-to-end time of 1.5 milliseconds.
D.C.