Ensuring regulatory compliance is upheld, the New York Stock Exchange (NYSE) is teaming with AeroScout to monitor and track the movement of e-broker devices on its New York trading floor.
The AeroScout solution will consist of attaching AeroScout Wi-Fi RFID tags to NYSE’s handheld e-broker devices to provide data and information about the location and status of the devices, and enable NYSE to monitor broker compliance with exchange trading rules.
NYSE and NYSE Annex rules state that brokers are to trade equities and options in separate trading environments, thereby restricting the movement of brokers and the handheld devices they use between trading floors.
With the AeroScout solution any device that illegally 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.