Nexa Launches Direct Market Access Service
NETWORKING TECHNOLOGIES
NEW YORK--Nexa Technologies last week launched a direct market access (DMA) solution that will give buy-side firms a way to execute their automated trading models by "piggybacking" on broker-dealers’ exchange memberships and connectivity.
The trading technology subsidiary of clearing broker Penson Worldwide, Nexa is targeting proprietary trading houses and hedge funds with high-frequency data requirements for automated trading models, called Spinnaker. Spinnaker is the first product to combine
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