Firm Gains Time, Ops Advantages via SS&C Hosting Investment manager DDJ Capital Management has signed on to use the hosted, software-as-a-service (SaaS) version of the venerable Portia system to outsource the creation, maintenance and control of overnight workflows and batch jobs, say officials at SS&C Technologies, the financial IT conglomerate that owns Portia. The SaaS… Read More >>
BrokerTec Europe Acquires Italian CLOB Platform
BrokerTec Takes Majority Stake in e-MID Officials at BrokerTec Europe, NEX Group’s global electronic fixed income trading platform, say the firm is acquiring a majority stake in e-MID SIM SpA (e-MID), acquiring the Italian electronic central limit order book (CLOB) platform for interbank deposits and overnight indexed swaps (OIS). The acquisition, which was just approved… Read More >>
NSX Officially Re-Launches, Debuts Low-Price Fees
NSX Re-Launches for Equities, ETFs As expected, the National Stock Exchange (NSX) has re-launched trading operations for equity securities and exchange-traded funds (ETFs), and reports that it is offering “low-price market access fees,” officials say. The relaunch follows the SEC’s approval on Dec. 14 to resume trading operations, which includes a phased roll-out of all… Read More >>
