Weeden Cuts Data Latency

DATA CONSUMERS

Greenwich, Conn.-based broker Weeden & Co. has installed Activ Financial's low-latency consolidated feed, ActivFeed.

The firm is using the feed to deliver data from North American equity exchanges to its Tradewise price server and program trading system. "They could get futures and options data from ActivFeed as well, but they're a Nasdaq market making operation, so they don't require futures and options data at this stage," says Activ president Frank Piasecki.

With algorithmic trading becoming

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Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

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