CIBC World Markets, a subsidiary of Canadian Imperial Bank of Commerce, has introduced a new equity-trading order-routing engine, The Wall Street Journal reports. The new central order routing engine (CORE) combines ultra fast processing speed with risk filters in a single platform.
The new engine features ultra low-latency and high throughput in order matching. CORE has been created to exceed proposed filtering requirements related to financial exposure, regulatory compliance, “fat finger” human error and other controls, including volume and price.
Click here for the story from The Wall Street Journal.