BOX Sets Date for New Operations Platform Launch

The Boston Options Exchange Group (BOX) will launch its new high-capacity operations platform on May 10.

Equinix has been selected as the location for the ultra-fast matching engine, which will operate within the Equinix NY4 International Business Exchange (IBX) data center.

According to BOX the new platform will offer participants response times of less than one millisecond, speed of a million quotes per second, capacity of 100,000 orders per second and allocations of 5,000 messages for every logical connection.

In a company statement, Tony McCormick, CEO of BOX, said, “BOX’s new operations platform demonstrates our ongoing commitment to reinvestment in our infrastructure with the addition of a high performance trading environment that is value-driven for our clients.”

He added, “BOX participants will see consistent response times and message allocation that will meet or exceed market demand at a speed 3x faster than our current architecture.”