Sun, May 29, 2016
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. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit

  2. Investing - Billionaire Wilbur Ross likes the look of Chinese bad loans, Hedge funds are still relevant in a diversified portfolio: 4 fundamental criteria for superior manager selection[more]

    Billionaire Wilbur Ross likes the look of Chinese bad loans From Bloomberg.com: U.S. billionaire Wilbur Ross said he’s considering investing in nonperforming loans in China, as Moody’s Investors Service said that the nation has the tools to prevent a financial crisis in the near term. I’

  3. Investing - Blackstone gives pricey Canadian energy and property thumbs down, One of the most concentrated hedge fund bets is getting crushed, Facebook is hedge funds' new tech darling,[more]

    Blackstone gives pricey Canadian energy and property thumbs down From Bloomberg.com: Canada’s energy assets are uneconomic and real-estate markets overvalued, making them less attractive for investment than in the U.S. and elsewhere, according to Tony James, president of Blackstone Group

  4. Study - Only 30% of institutional hedge fund portfolios beat the benchmark[more]

    Bailey McCann, Opalesque New York: A new study from CEM Benchmarking, an independent provider of cost and performance analysis for pension funds, shows that only 30 percent of institutional investors hedge fund portfolios beat the benchmark after fees. The study provides in depth analysis of real

  5. Opalesque Exclusive: $1bn hedge fund club grows to 668 managers, continues to dominate (Part One)[more]

    Komfie Manalo, Opalesque Asia: Despite an underwhelming 2015 and a slow start to 2016 in terms of performance, one group of managers that continues to dominate the assets of the hedge fund industry is the so called $1bn club – hedge fund managers with at least $1bn in assets under management (AU