ICE Completes Technology Overhaul
US market operator IntercontinentalExchange (ICE) says it has completed a two year upgrade of its technology infrastructure which included the transition of its futures markets to a new trading platform. The two-year initiative involved the rebuilding and optimisation of ICE’s trading software, hardware, network and security components to increase speed, access, capacity, reliability and functionality. The exchange says its platform now delivers average transaction times of three milliseconds in ICE futures markets and a blended average of seven milliseconds for futures and OTC markets. ICE says the enhancements have also produced consistency in performance, with fewer than 0.5 per cent of all futures transactions resulting in transaction times of more than 50 milliseconds.
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