Tehran, YJC. -- IME CTO announced today: the novel trading engine of Iran Mercantile Exchange for futures contracts will go operational in a near future.
According to the report from IME international affairs and PR, following the success of Gold Coin Futures Contracts (GCFC) this product in the Iranian international ICT festival and the need to address high frequency volume of trades and the ever increasing number of the market participants, the exchange decided to employ its new trading engine enjoying strong and resilient features to support the high volume of trades in this market.
According to the reports, during 2012 the derivatives market experienced a warm welcome by the market participants therefore, previous trading engine capacity had to be adjusted and upgraded to meet the rising volume of the futures contracts and the new traders coming to this market and this is why the company decided to launch the development plan for the novel trading core for GFCCs.
After passing the operational test of this platform and responding to heavy load of 242,000 transaction messages it got license to get lodged in the trading system of IME.