tZERO Broker-Dealer Subsidiary SpeedRoute Reports Record Monthly Trading Volume for U.S. Equity Markets
Overstock.com, Inc. (OSTK)
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Source: Business Wire
This Demonstrates the Scale & Resilience of the Technology, Which is Used by tZERO’s ATS for the Trading of Digital Securities NEW YORK--(BUSINESS WIRE)--tZERO, the global leader in blockchain innovation for capital markets, announced today that its broker-dealer subsidiary, SpeedRoute, which is a leader in U.S. equity order routing and market structure, reported its strongest month in the history of the company. The total monthly trading volume for March 2020 was nearly three times that of March 2019, and this resulted in a 218% increase in revenues compared to the prior period. Despite this significant increase in volume, SpeedRoute’s system had 100% system uptime.SpeedRoute President Alex Vlastakis stated, “With the markets in flux, now is the time where robustness of technology becomes a true competitive differentiator. Our top priority continues to be to provide broker-dealers with the ability to navigate the U.S. equity markets, both intelligently and cost-effectively. We are
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