Hedge Funds Sign for IDC Hosting

Until now, the only client of DirectPlus was trading software vendor TradingScreen. Mark Hepsworth, president of the Real-Time Services division, says that after initially experiencing an extended sales cycle for the first deals, interest in the service is now increasing.

"The problem of market data volumes shows no sign of abating-and is even accelerating," Hepsworth says. "Customers are looking for hosted services to help take the burden of managing data off their hands."

Hepsworth says an

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Crypto exchange EDX takes its tech into its own hands

The crypto exchange and clearinghouse, founded in 2022 by industry heavyweights, has built out its technology to meet the needs of the institutional market. In the process, it has learned important lessons about partnering with vendors, building in-house, and, ultimately, control.

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