Newedge Overhauls its Trading Architecture
It needed one. In addition to all of the headaches that come with operating overlapping systems, pending regulations on pre-trade risk controls, high frequency-trading, and other issues complicated by their hydra-esque platform. "If you're running 16 different connectivity providers, that's 16 different sets of regulation you've got to conform to," explains Nicholas Garrow, Newedge's global head of e-solutions. "It's just not feasible."
Eighteen months ago, Newedge began a complete overhaul of
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