CodeStreet Seeks Investor 'Consortium'

"The investment reflects their interest in making sure that our product line becomes a standard... that supports [broker-dealers'] business model," says CodeStreet chief executive Howard Pein. "Our goal now is to have a consortium of customers behind the company that are invested in this space, and we are in the process of working towards establishing this funding consortium. RW Pressprich is the first of our customers to step up."

Pein says that one reason the broker-dealer took a stake in CodeS

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