New IDB Reawakens the Beast

- WatersTechnology Staff
- 20 Mar 2006

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NEW YORK—A new interdealer broker (IDB), Vyapar Capital Market Partners, has arrived on the scene, and is using the pricing and analytics engine from the now-defunct Beast Financial Systems, confirms Ashok H. Mittal, chief information officer (CIO) for the new IDB.

From the mid-1990s to 2003, the Beast made customized, thin-client software for distributing real-time data, analytics and trading applications. Originally targeted at derivatives trading, the transaction engine was extended to

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