The solution will help ensure regulatory compliance by monitoring the mandatory separation of devices between its equities and options trading floors.
Under the terms of the agreement, 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, allowing Nyse to 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.
