Sola Trading
Sola Trading is an electronic trading system platform that manages the transactions of securities products for a derivatives exchange. SOLA supports the trading of various types of derivative models across all asset classes in cash, commodity and fixed income markets. The Sola Trading Platform is currently being used for the trading of options, Futures, Forwards and other exchange-listed derivative securities by five major derivative exchanges globally which include the following:
- Boston Options Exchange (BOX),
- Montreal Exchange(MX),
- Turquoise_(trading_platform) ,Derivatives, a Multilateral Trading Facility for trading of IOB Russian (formerly EDX) and Pan European Derivatives
- Oslo Børs (Derivatives only) on the Oslo Stock Exchange,
- IDEM (Italian Derivatives Equity Market) on Borsa Italiana.
The Sola Trading Platform was both designed and developed by The Montreal Exchange (Bourse de Montréal) which is now a fully owned subsidiary of the TMX Group.
On 9 February 2011, TMX Group, operator of the Montreal Exchange, agreed to join forces with the London Stock Exchange Group in a deal described by TMX head Tom Kloet as a 'merger of equals' (though 8/15 board members of the combined entity will be appointed by LSE, 7/15 by TMX). The deal, subject to government approval would create the world's largest exchange operator for mining stocks. In the UK the LSE Group first announced it as a takeover, however in Canada the deal was reported as a merger.
The Sola Trading platform has its own native communication protocol called Sola Access Information Language (SAIL) as its primary form of front end access communication protocol, and also supports FIX Protocol and STAMP Protocol. Sola currently uses "High Speed Vendor Feed (HSVF) as its market data vendor protocol