Nexa Adds Tick Data

ORGANIZATION & STRATEGY

Nexa Technologies, the trading technology subsidiary of clearing broker Penson Worldwide, last week launched a direct market access trading solution that features historical data from Tick Data, the historical data vendor that Penson bought in January (IMD, Jan. 10).

The solution, dubbed Spinnaker, is designed for proprietary trading houses and hedge funds that require high- frequency data for their automated trading models. It provides the technology to "piggyback" those automated trading mo

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