FTEN Takes Savvis DDU for Growth

FRONT PAGE: DELIVERY TECHNOLOGIES

Clients of direct market access technology provider FTEN have gone live with DDU (Data Delivery Utility), the direct feed utility from Savvis and HyperFeed Technologies, officials say. The deal will allow FTEN to expand its product coverage from equities into options and international markets.

FTEN provides white-labelled versions of its DirectXchange DMA platform to clearing firms and broker-dealers for use by their buy-side clients. FTEN chief operating officer Gary Lafever says three of it