Davidge Data Systems Corporation was "a privately held software company that specializes in
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 imple ...
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
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 ...
.
[ 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 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 provi ...
References
External links
Quantum AI Trading Software
Electronic trading systems
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