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StoneX Chooses Chronicle FIX Solution for Equities Trading

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StoneX Financial – formerly known as INTL FCStone – has selected Chronicle Software, the low-latency microservices and technology solutions provider, to enhance its equities trading performance. In a competitive process to replace its incumbent trading technology, the firm cited speed, flexibility and reliability as the key factors behind the decision to select Chronicle.

StoneX provides execution, advisory and technology services to institutional market participants across a range of financial instruments, including securities, foreign exchange and commodities.

According to Thomas Moore, Managing Director, Head of Equities Trading at StoneX, the firm’s 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.”

The Chronicle FIX engine is a core trading technology, built to meet stringent performance and resilience requirements, with throughput of 1m messages per server/second, rule-based routing, multi-level security and a robust design supporting uninterrupted trading.

The company has been gaining ground with its low-latency solutions recently, announcing a number of wins in the last twelve months, including Austria-based Raffeissen Bank, a leading North American stock exchange, and Asian bank UOB.

Peter Lawrey, CEO of Chronicle Software, said: “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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