NYSE Euronext Adopts RFID on the Trading Floor

May 24, 2011
NYSE will track and monitor all handheld e-broker devices on Its New York trading floors

NYSE Euronext, a global operator of financial markets, has adopted wireless asset tracking of all handheld e-broker devices on its New York trading floors. The solution, provided by AeroScout, will help ensure regulatory compliance by monitoring the mandatory separation of devices between its equities and options trading floors.

NYSE Euronext’s exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world's equities trading.

AeroScout will implement its Asset Tracking solution, which includes attaching AeroScout’s Wi-Fi RFID Tags to the NYSE’s handheld e-broker devices. The system will provide data and information about the location and status of the devices, enabling the NYSE to more effectively monitor brokers’ compliance with exchange trading rules.

NYSE and NYSE Amex trading rules require brokers to trade equities and options in separate trading environments, restricting the movement of brokers, and the handheld devices they use, between trading floors. Using the AeroScout solution, any device that crosses between different areas will be identified using automated alerts. Traders and their device locations will also be displayed on monitors using AeroScout’s MobileView software.

Latest from Technology & Automation

#177137895@Mustsansar Syed| Dreamstime
AI's Role in Developing Resilient Supply Chains
#146171327 © Kittipong Jirasukhanont| Dreamtime
Warehouse Market to Increase 24% By 2030