July 17, 2012 – The Securities and Exchange Commission has awarded a contract to Tradeworx of Red Bank, N.J., and its high-speed trading technology arm to develop and deliver a system that will allow four of its divisions to track creation, modification and cancellation of orders in real time.
The system will allow the federal regulator to collect, store, aggregate, monitor, query, manipulate, and analyze trades, quotes and orders on stocks and options, as disseminated by national securities exchanges, over-the-counter markets and alternative trading systems, according to the request for proposals issued at the end of 2011 by the SEC’s divisions of Trading and Markets and Risk, Strategy and Financial Innovation.
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