Pershing Builds Trading System, Supports Linux
TRANSACTION SYSTEMS
JERSEY CITY, N.J.--Pershing, the clearing and trading division of Credit Suisse First Boston, has drafted plans for an STP and execution service for its introducing broker-dealer customers and is considering migrating some systems to Linux, according to officials at the Pershing Technology Group’s exposition on May 30.
Called NetX Institutional, the platform will link buy- and sell-side order management systems (OMS), middle-office applications and liquidity sources, including ECNs and CSFB’s
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