Thu, Jan 19, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

First Clearing selects NYSE Technologies for hosted transaction hub

Wednesday, January 19, 2011
Opalesque Industry Update – Fully Hosted and Managed Connectivity and Risk-Management Solution

NYSE Technologies, the global commercial technology unit of NYSE Euronext, today announced that it has been chosen by First Clearing, LLC, an affiliate of Wells Fargo & Company, to install its Hosted Transaction Hub. Consisting primarily of its managed connectivity and Risk Management Gateway (RMG) platforms, NYSE Technologies will integrate this customized infrastructure alongside its core SFTI connectivity service to offer First Clearing enhanced routing capabilities, significant new risk management functionality and reduced overall operating costs. The Hosted Transaction Hub for First Clearing is scheduled to be fully operational in the first quarter of 2011.

“We are very excited to work with First Clearing to install this unique version of our Hosted Transaction Hub that creates a customer specific, high-performance solution that addresses their compliance and risk needs while enhancing their core technology,” said Bruce Boytim, Vice President, Risk Management Gateway, NYSE Technologies. “As a fully managed solution, this core piece of trading infrastructure will help First Clearing utilize NYSE Technologies’ diverse set of tools, resources and capabilities to consolidate various internal processes and dramatically improve performance.”

“After a thorough review of competitors’ offerings, it was clear that NYSE Technologies has the most robust risk management offering of this type available to the industry today. We are pleased to be partnering with the NYSE to implement solutions which enhance the protection of our businesses and those of our clients,” said Albert Caiazzo, Managing Director at First Clearing.

The NYSE Technologies Hosted Transaction Hub offers customers a fully managed, integrated platform that combines many of NYSE Technologies most advanced connectivity options, order execution services and market information applications. Leveraging the Secure Financial Transactions Infrastructure (SFTI), this solution also utilizes NYSE Technologies’ managed connectivity service alongside RMG to offer customers a hosted order transaction platform and market data infrastructure with sub-millisecond access to nearly 50 execution venues in the U.S. While outsourcing their direct market access routing systems to NYSE Technologies, customers can retain control of their order management, connection status and specific risk filters through a customized web-based interface. Easily installed in nearly any location, the Hosted Transaction Hub lowers customer costs by helping ensure broad connectivity, risk compliance and comprehensive routing capabilities with no additional hardware for the firm or its clients.

(press release)


For more information on NYSE Technologies products, please visit: Source


Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  2. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  3. Short Selling - Long-short hedge funds are ditching the shorts to focus on longs[more]

    From Bloomberg.com: What happens when you take the "short" out of a long-short trading strategy? Some hedge funds are about to find out. Equity long-short fund managers, the biggest category in hedge funds, hold the fewest bearish stock bets on record, data compiled by Credit Suisse Group AG s

  4. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  5. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee