OptionsXpress to Use Activ Financial’s MPU

OptionsXpress announced it will be using Activ Financial’s market data processing unit to speed up processing of low-latency exchange feeds, a move its says will help reduce hardware costs and trading system latencies.

Activ said its MPU will also enable OptionsXpress to manage soaring data volumes in a year where Options Price Reporting Authority message rates are expected to climb some 200 percent higher than 2009 levels.

“Activ MPU keeps us ahead of escalating market data message rates and delivers significant latency and performance benefits,” Benjamin Stein, executive vice president of technology at OptionsXpress, said in a statement.

As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio