Piper Jaffray Finishing Vhayu Rollout for Algo Trading
DELIVERY TECHNOLOGIES
Piper Jaffray is close to completing the rollout of data into the Velocity tick-capture and analysis system from Los Gatos, Calif.-based Vhayu Technologies.
The securities firm's algorithmic and program trading group in New York deployed Velocity as part of a three-year deal signed last year. This group was previously an independent company called Vie Securities but was bought by Piper Jaffray in late 2004. While still Vie, the group created its own database for the universe of roughly 2,000
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