StoneX adopts Chronicle FIX solution for equities trading
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StoneX adopts Chronicle FIX solution for equities trading 05 May 2022UK Reporter: Rebecca Delaney
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StoneX has selected Chronicle Software’s FIX solution to replace incumbent trading technology and enhance its equities trading performance.
As a provider of low-latency microservices and technology solutions for the financial services sector, Chronicle’s FIX solution is a core trading technology designed to meet stringent performance and resilience requirements of leading global foreign exchange banks.
Chronicle FIX features low latency, high throughput, rule-based routing and multi-level security to ensure flexibility, efficiency and scalability.
Commenting on the implementation, Thomas Moore, managing director and head of equities trading at StoneX, says: “Our choice of Chronicle was influenced particularly by the enhanced features and functionality delivered in its FIX software, as well as the company’s nimble and flexible approach to providing its services.
“Our customers will benefit particularly from the speed, reliability and flexibility overall of Chronicle’s solution,” he continues.
Peter Lawrey, CEO of Chronicle Software, adds: “We are delighted that our software has been selected by StoneX and look forward to working with them to deliver an enhanced customer experience.
“Our approach to software development supports and facilitates an increasing ‘buy to build’ trend in financial services. We recognise the challenges faced by market participants in integrating old and new technologies, and offer customers maximum flexibility in respect of Chronicle software licensing and solution implementation.”
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