Tradetek Enters Institutional Direct Access Market

EXCHANGES AND EXECUTION

NEEDHAM, Mass.--Tradetek, a privately held direct-access trading system vendor, has released Tradetek Pro Version 2.0 and is aiming to penetrate the sell side with a product in a category that has traditionally been favored by hedge funds and active individual traders.

The time is now for several reasons, says Tradetek CEO T. Gene Gilman, who has been developing the software for about five years. First, the biggest market for direct-access technology historically has been day traders, a community

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