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Davidge Data Systems
Davidge Data Systems Corporation was "a privately held software company that specializes in middleware for trade ordering, execution and back-office connectivity for Wall Street firms," including Smart order routing. The company's ''DavNet'' includes the ability to efficiently handle large volumes of small orders. History Davidge, founded 1982, was acquired by ''S1 Corporation'', a holding company, in April, 2000, for about $20 million, at a time when it seemed that "banks in the U.S. were going to control much of the retail brokerage" industry, especially as related to online trading. S1 sold Davidge to Paris-based GL-trade in October, 2003. At that time, Davidge software was used for "40% of US listed options volume and served "40 New York Stock Exchange members ... and several of the 10 largest brokerage firms." Their international order routing includes Canada and Britain.since 2000-01-01. See also * Execution management system An Execution management system, or EMS, is an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Middleware
Middleware is a type of computer software program that provides services to software applications beyond those available from the operating system. It can be described as "software glue". Middleware makes it easier for software developers to implement communication and input/output, so they can focus on the specific purpose of their application. It gained popularity in the 1980s as a solution to the problem of how to link newer applications to older legacy systems, although the term had been in use since 1968. In distributed applications The term is most commonly used for software that enables communication and management of data in distributed applications. An IETF workshop in 2000 defined middleware as "those services found above the transport (i.e. over TCP/IP) layer set of services but below the application environment" (i.e. below application-level APIs). In this more specific sense ''middleware'' can be described as the hyphen ("-") in '' client-server'', or the ''-to-'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Back-office
A back office in most corporations is where work that supports ''front office'' work is done. The front office is the "face" of the company and is all the resources of the company that are used to make sales and interact with customers and clients. The back office is all the resources of the company that are devoted to actually creating a product or service like data entry, payroll, accounting and the other labor which is not seen by customers, such as administration or logistics. Broadly speaking, back office work includes roles that affect the costs side of a business's trading statement and front office work includes roles that affect the income side of a business's trading statement. Although the operations of a back office are rarely prominent, they are a major contributor to a business's success. They can include functions such as accounting, planning, inventory management, supply-chain management, human resources and logistics. Back offices are often located somewhere othe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federation Of Euro-Asian Stock Exchanges
The Federation of Euro-Asian Stock Exchanges (FEAS) is a non-profit international organization comprising the main stock exchanges in Eastern Europe, the Middle East, and Central Asia. The purpose of the Federation is to contribute to the cooperation, development, support and promotion of capital markets in Eurasia, although membership in the Federation is open to markets internationally. It was established on 16 May 1995 with 12 founding members in Istanbul, Turkey. Currently, the FEAS has 30 members which include stock exchanges, post trade institutions, dealers associations, and regional federations from 29 countries. The Federation's headquarters are located in Yerevan, Armenia. Membership Full members Full members of the Federation of Euro-Asian Stock Exchanges, include: * – Armenia Securities Exchange and the Central Depository of Armenia * – Belarusian Currency and Stock Exchange * – Cyprus Stock Exchange * – Egyptian Exchange and thMisr for Central Clearing, De ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electronic Trading Platform
In finance, an electronic trading platform, also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products can be traded by the trading platform, over a communication network with a financial intermediary or directly between the participants or members of the trading platform. This includes products such as stocks, bonds, currencies, commodities, derivatives and others, with a financial intermediary such as brokers, market makers, investment banks or stock exchanges. Such platforms allow electronic trading to be carried out by users from any location and are in contrast to traditional floor trading using open outcry and telephone-based trading. Sometimes the term trading platform is also used in reference to the trading software alone. Electronic trading platforms typically stream live market prices on which users can trade and may provid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Execution Management System
An Execution management system, or EMS, is an application utilized by traders designed to display market data and provide seamless and fast access to trading destinations for the purpose of transacting orders. This application contains broker provided and independent algorithms such as TWAP and VWAP, global market data and technology that is able to help predict certain market conditions.Daniel SafarikExecution Management Systems: From the Street and on the Block ''financetech.com'', September, 2006 One of the important features of EMS is the capacity to manage orders across multiple trading destinations such as stock exchanges, stock brokerage firms, crossing networks and electronic communication networks. In addition to commercial vendors, a few open-source projects can be counted in as EMS, although their breadth varies. See also *Algorithmic trading *Dark liquidity *Electronic trading platform *High-frequency trading *Order management system *Single-dealer platform A single ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
