Cboe Canada Completes Technology Migration
Cboe Global Markets (CBOE) has successfully completed the migration of Cboe Canada's NEO Trading Platform to its Cboe Titanium technology platform on March 3, 2025, marking the end of a 15-month integration effort. The migration included the NEO-L, NEO-N, and NEO-D trading books, unifying them with MATCHNow on a single platform.
The technology upgrade positions Cboe Canada to enhance its market presence and expand trading solutions in the Canadian market. The migration also included relocating Cboe Canada's primary and secondary data centers to new facilities in Toronto and Chicago. Key improvements include redesigned opening and closing auctions, the introduction of Canada's only equity binary order entry protocol, and latency equalization capabilities.
Cboe Global Markets (CBOE) ha completato con successo la migrazione della piattaforma di trading NEO di Cboe Canada alla sua piattaforma tecnologica Cboe Titanium il 3 marzo 2025, segnando la conclusione di uno sforzo di integrazione durato 15 mesi. La migrazione ha incluso i libri di trading NEO-L, NEO-N e NEO-D, unificandoli con MATCHNow su un'unica piattaforma.
L'aggiornamento tecnologico posiziona Cboe Canada per migliorare la sua presenza sul mercato e ampliare le soluzioni di trading nel mercato canadese. La migrazione ha anche incluso il trasferimento dei centri dati primari e secondari di Cboe Canada in nuove strutture a Toronto e Chicago. I principali miglioramenti includono aste di apertura e chiusura riprogettate, l'introduzione del protocollo di inserimento ordini binari azionari unico in Canada e capacità di equalizzazione della latenza.
Cboe Global Markets (CBOE) ha completado con éxito la migración de la plataforma de trading NEO de Cboe Canadá a su plataforma tecnológica Cboe Titanium el 3 de marzo de 2025, marcando el final de un esfuerzo de integración de 15 meses. La migración incluyó los libros de trading NEO-L, NEO-N y NEO-D, unificándolos con MATCHNow en una sola plataforma.
La actualización tecnológica posiciona a Cboe Canadá para mejorar su presencia en el mercado y ampliar las soluciones de trading en el mercado canadiense. La migración también incluyó la reubicación de los centros de datos primarios y secundarios de Cboe Canadá a nuevas instalaciones en Toronto y Chicago. Las mejoras clave incluyen subastas de apertura y cierre rediseñadas, la introducción del único protocolo de entrada de órdenes binarias de acciones en Canadá, y capacidades de igualación de latencia.
Cboe Global Markets (CBOE)는 2025년 3월 3일 Cboe 캐나다의 NEO 거래 플랫폼을 Cboe Titanium 기술 플랫폼으로 성공적으로 이전하였으며, 이는 15개월 간의 통합 작업의 끝을 의미합니다. 이 마이그레이션에는 NEO-L, NEO-N 및 NEO-D 거래 장부가 포함되어 있으며, MATCHNow와 단일 플랫폼으로 통합되었습니다.
기술 업그레이드는 Cboe 캐나다가 시장 존재감을 강화하고 캐나다 시장에서의 거래 솔루션을 확장할 수 있도록 합니다. 또한, Cboe 캐나다의 주요 및 보조 데이터 센터를 토론토와 시카고의 새로운 시설로 이전하는 작업도 포함되었습니다. 주요 개선 사항으로는 재설계된 개장 및 폐장 경매, 캐나다 유일의 주식 이진 주문 입력 프로토콜 도입, 그리고 지연 동등화 기능이 있습니다.
Cboe Global Markets (CBOE) a réussi la migration de la plateforme de trading NEO de Cboe Canada vers sa plateforme technologique Cboe Titanium le 3 mars 2025, marquant la fin d'un effort d'intégration de 15 mois. La migration a inclus les livres de trading NEO-L, NEO-N et NEO-D, les unifiant avec MATCHNow sur une seule plateforme.
Cette mise à niveau technologique positionne Cboe Canada pour améliorer sa présence sur le marché et élargir ses solutions de trading sur le marché canadien. La migration a également inclus le transfert des centres de données principaux et secondaires de Cboe Canada vers de nouvelles installations à Toronto et Chicago. Les améliorations clés comprennent des enchères d'ouverture et de clôture redessinées, l'introduction du seul protocole d'entrée d'ordres binaires d'actions au Canada, et des capacités d'égalisation de la latence.
Cboe Global Markets (CBOE) hat am 3. März 2025 erfolgreich die Migration der NEO-Handelsplattform von Cboe Kanada auf die Cboe Titanium Technologieplattform abgeschlossen, was das Ende eines 15-monatigen Integrationsprozesses markiert. Die Migration umfasste die Handelsbücher NEO-L, NEO-N und NEO-D und vereinte sie mit MATCHNow auf einer einzigen Plattform.
Das Technologie-Upgrade positioniert Cboe Kanada, um seine Marktpräsenz zu verbessern und Handelslösungen im kanadischen Markt zu erweitern. Die Migration beinhaltete auch die Verlagerung der primären und sekundären Rechenzentren von Cboe Kanada in neue Einrichtungen in Toronto und Chicago. Zu den wichtigsten Verbesserungen gehören neu gestaltete Eröffnungs- und Schlussauktionen, die Einführung des einzigen binären Order-Eingangsprotokolls für Aktien in Kanada sowie Latenzausgleichsfunktionen.
- Successful completion of technology migration ahead of schedule
- Enhanced trading efficiency through unified global platform
- Introduction of exclusive equity binary order entry protocol in Canada
- Implementation of latency equalization for fair market access
- Expanded global market access capabilities
- None.
- Cboe Canada's exchange platform successfully migrated to the Cboe TitaniumSM technology platform on March 3, completing 15-month integration effort
- Cboe Canada joins Cboe's equities and derivatives markets across the
U.S. ,UK ,Europe ,Australia , andJapan running on Cboe Titanium - Cboe Titanium positions Cboe Canada to further grow its business, address diverse needs of clients, and expand trading solutions it provides in the Canadian market
- Highly performant technology platform to make trading experience more efficient, providing access to Cboe's network of global markets and unique products and services
Chris Isaacson, Executive Vice President and Chief Operating Officer, Cboe Global Markets, said:
"We are pleased to complete this important technology migration, bringing the Cboe Canada trading venues onto Cboe Titanium, the technology platform that powers the operations of our markets around the globe. Cboe Titanium will enable Canadian clients to benefit from our world-class innovations and provide the ability to seamlessly access Cboe's expansive network of global markets, asset classes, products, and services. Ultimately, Cboe Titanium is designed to offer a competitive edge by providing our clients fast, reliable access to pricing, data, and trading functionality powering faster execution times and enabling scalability through a globally consistent, yet locally optimized technology platform, providing benefits that only Cboe can provide."
Joacim Wiklander, President and Chief Executive Officer, Cboe Canada, said:
"Executing the migration of the NEO Trading Platform to Cboe Titanium was a tremendous industry-wide effort and we thank our clients, vendors, and other stakeholders for their engagement and support over the last 15 months. We are particularly grateful to our principal regulator, the Ontario Securities Commission, and to the Canadian Investment Regulatory Organization, for their cooperation and diligence throughout this process. This collaboration was essential in executing a smooth and timely technical and operational migration. With the foundation of Cboe Titanium now in place, we look forward to building further on Cboe Canada's mission to offer a full and integrated portfolio of trading capabilities through a single point of access, bringing greater efficiencies and enhanced quality of service to clients and the Canadian capital markets overall."
Vincent Poil, Chief Operating Officer, Cboe Canada, said:
"Cboe Titanium will deliver to our clients the world-class trading experience that our equities and derivatives customers globally have come to expect, helping to enable efficient price discovery, robust liquidity, and opportunities for diverse trading strategies – all on a unified global technology platform. Throughout migration preparations, we worked closely with clients to identify additional trading needs and, as a result, incorporated several enhancements into the migration, including redesigned opening and closing auctions and introducing the only equity binary order entry protocol currently available in
Bryan Blake, Vice President and Head of Canadian Equities, Cboe Global Markets, said:
"Since entering the Canadian market five years ago, Cboe has been focused on growing our presence and diversifying our product capabilities as we bring more choice and competition to the Canadian equities market. The migration to Cboe Titanium enables us to continue to evolve and grow our business to address changing market dynamics, answer the diverse needs of a wide range of clients, and expand the products, services, and trading solutions we can provide in the Canadian market."
With Monday's migration, all Cboe Canada equities trading venues are now unified on the Cboe Titanium technology platform – the NEO-L, NEO-N, and NEO-D trading books, along with MATCHNow, which was previously migrated in February 2022. Also included in the migration was the relocation of Cboe Canada's primary and secondary data centers to new facilities in
On January 15, Cboe unveiled Cboe Titanium, the new brand identity for its exchange technology platform, signaling a new chapter in Cboe's ongoing evolution and deepening commitment to delivering best-in-class trading technology and innovation for market participants around the globe.
Cboe Titanium (or Cboe TiSM, pronounced "T-I", like the element symbol) powers every aspect of Cboe's business and operations, and helps to enable innovation across its markets, products, data, and insights. Cboe Titanium also powers trading of equities, options, and futures on Cboe's markets in the
Using common protocols and features, Cboe's unified technology platform is designed to offer customers an efficient, consistent experience regardless of where they are in the world. Meanwhile, the flexibility of Cboe Titanium allows Cboe to locally optimize and customize the platform for the unique needs of any market or asset class. This enables enhanced consistency and scalability, allowing Cboe to build a feature or product once and then deploy it globally, bringing innovative products, features, and data to new markets and customers at greater speed. This effort aligns with Cboe's global strategy and commitment to expanding access to its markets, products, data, and services to customers across the world.
For more information on Cboe Canada, visit www.cboe.com/ca/equities/ and for more information on Cboe Titanium, visit www.cboe.com/titanium.
Cboe® and Cboe Global Markets® are registered trademarks and Cboe TitaniumSM and Cboe TiSM are service marks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.
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We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
Some factors that could cause actual results to differ include: the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our industry; decreases in trading or clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes or changes in tax regimes; our ability to protect our systems and communication networks from security vulnerabilities and breaches; our ability to attract and retain skilled management and other personnel; increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; factors that impact the quality and integrity of our and other applicable indices; our ability to manage our global operations, growth, and strategic acquisitions or alliances effectively; our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to minimize the risks, including our credit, counterparty, investment, and default risks, associated with operating our clearinghouses; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing our business interests and our regulatory responsibilities; the loss of key customers or a significant reduction in trading or clearing volumes by key customers; our ability to maintain BIDS Trading as an independently managed and operated trading venue, separate from and not integrated with our registered national securities exchanges; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; restrictions imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; the accuracy of our estimates and expectations; and litigation risks and other liabilities. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2024 and other filings made from time to time with the SEC.
We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
Cboe Media Contacts | Cboe Analyst Contact | ||||
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SOURCE Cboe Global Markets, Inc.
FAQ
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