Plus Trading Solutions (Plus-TS), a trading technology platform and regulatory managed services provider operated by Plus Markets Group, has rolled out an exchange trading platform developed in-house, Finextra reports. PlusMatch has been formed and benchmarked at an average latency of 200 microseconds to external clients through standard FIX, with a message throughput of 150,000 messages per second and an average internal matching engine latency of 13 microseconds.
As the platform’s system design is based on a framework that can be customized to the requirements of the trading venue operated, with support of multiple asset classes, Plus-TS has appointed QuantHouse, the provider of next-generation trading solutions. The company will use QuantHouse’s QuantFEED and European Best Bid and Offer product to power Plusmatch. The platform will provide insight into pan-European liquidity across both multilateral trading facilities and primary exchanges.
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