Wed, Jan 17, 2018
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. Legal - Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says, Hedge fund blasts defense of Puerto Rico restructuring law[more]

    Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says From CNBC.com: A former hedge fund executive faces federal charges for defrauding a UK-based charity over investments in Africa, according to a grand jury indictment made public Wednesday.

  2. U.S. economy, inflation and alternative investments to dominate 2018 markets, says family office Wilmington Trust[more]

    Komfie Manalo, Opalesque Asia: The emergence of a late-cycle economy in the U.S., the mystery of inflation and growth from a domestic and global perspective, and the potential for alternative investments to prosper against a backdrop of rich valuations, low yields, and higher volatility are the t

  3. Performance - Some hedge funds deliver double-digit gains for 2017, Brevan Howard's hedge fund suffers biggest annual loss in 2017, Crispin Odey's flagship hedge fund plummeted about 20% in 2017, Profits fall 90% at ex-Morgan Stanley banker's hedge fund, Fannie-Freddie overhaul might mint hedge fund riches, losses[more]

    Some hedge funds deliver double-digit gains for 2017 From Reuters/Investing.com: A handful of hedge funds ended 2017 with double digit returns, their investors said, at a time the $3 trillion industry took in fresh money and posted its best returns in years, industry data show. Act

  4. Investing - Hedge funds start 2018 with record $19 billion bet on the euro, Hedge fund Kora Management invests in Satin Creditcare[more]

    Hedge funds start 2018 with record $19 billion bet on the euro From Reuters.com: Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near ter

  5. News Briefs - Mobius to retire from Franklin Templeton, Authorities decrypt smart phone of Princeton grad charged with killing Manhattan hedge fund dad, Investigators seize (more) antiques from hedge-fund billionaire Michael Steinhardt's collection[more]

    Mobius to retire from Franklin Templeton Emerging markets pioneer Mark Mobius will be stepping down as executive chairman of the Templeton Emerging Markets Group (TEMG) and formally retire from Franklin Templeton on 31 January. He will also be relinquishing his post as portfolio manager