Trading System Trio: Jefferies, Bridge And AZX Make A Deal

AUTOMATED TRADING

Jefferies & Co.'s Investment Technology Group (ITG), Bridge Information Systems Inc. and the AZX Inc. (the Arizona Stock Exchange) have taken steps to more closely link their respective systems. As a result of the agreement, investment managers will be able to send orders to both the AZX and ITG's Posit via Bridge terminals by the end of the year. The deal follows the launch about a month ago of a facility to route orders from ITG's QuantEX terminals to the AZX. Posit is Jefferies' crossing