RiskMetrics Buys Wealth Management Technology

The direct access connectivity was created to address the strong demand from securities firms to have low-cost direct access connections to the ISE option’s market Previous HedgeWorld Story. The connection has security and encryption features that provide a level of security comparable to a private network or a dedicated line, according to an announcement from the exchange.

Firms that decide to use the direct access channel will send orders to the ISE using the CLICK Trade “Lite” version of the ISE’s CLICK Trade workstation. In March, the ISE was the largest US equity options exchange trading 27% of the options market, which is up 50% from the same period last year.

“At a time when everyone is monitoring their bottom line, ISE remains committed to making trading at the ISE cost-effective for all members and firms,” Gary Katz, ISE’s chief operating officer said in a statement.

Eagle Investment Systems Launches Data Management Software

BOSTON (HedgeWorld.com)–Eagle Reference Manager is Eagle Investment Systems latest offering and promises to help consolidate, translate, validate and disseminate clean and accurate security data.

The software supports an internal straight-through-processing process. Eagle officials also predict that Reference Manager will help managers reduce the cost of managing disparate data vendors and will help managers grow their businesses without compromising the quality of security information. The application could also reduce operational risk, according an announcement from Eagle.

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