Case Study: Nationwide Options Exchange accelerates trades and reduces staffing with Chariot Solutions' back office systems

Nationwide Options Exchange cuts listings staffing to 1–2 people with Chariot Solutions

The customer, Nationwide Options Exchange, needed to build new back office systems from the ground up for its new options exchange. The vendor, Chariot Solutions, was engaged to design and develop these critical applications to accelerate trades and reduce staff.

Chariot Solutions developed two key web-based applications: Security Master for the listings team and a Corrections Tool for the trading floor. The solution allowed the listings team to operate with just 1-2 people, a significant reduction compared to the 5-7 employees required at competing exchanges. This measurable impact on staffing efficiency was a direct result of the successful systems implemented by Chariot Solutions.