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Davidge Data Systems

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Davidge Data Systems Corporation was "a privately held software company that specializes in middleware for trade ordering, execution and back-office connectivity for Wall Street firms," including Smart order routing.

The company's DavNet includes the ability to efficiently handle large volumes of small orders.

History

Davidge, founded 1982, was acquired by S1 Corporation, a holding company, in April, 2000, for about $20 million, at a time when it seemed that "banks in the U.S. were going to control much of the retail brokerage" industry, especially as related to online trading. S1 sold Davidge to Paris-based GL-trade in October, 2003.

At that time, Davidge software was used for "40% of US listed options volume and served "40 New York Stock Exchange members ... and several of the 10 largest brokerage firms."

Their international order routing includes Canada and Britain.

See also

References

  1. ^ "A Conversation with Nick Davidge". Wall Street & Technology. September 8, 2000.
  2. "semi annual report: FEAS" (PDF). Federation of Euro-Asian Stock Exchanges. October 3, 2005.
  3. "Brown Brothers Tackles STP For Overseas Nasdaq Orders". Wall Street & Technology. August 14, 2000.
  4. "S1 Corp. to buy Davidge Data for $20 million". MarketWatch. March 16, 2000.
  5. "GL Trade Buys Ubitrade Group". Wall Street & Technology. February 12, 2004.
  6. "GL Trade to acquire US order routing firm Davidge Data Systems". October 21, 2004.
  7. "Davidge Wires Brokerages with Securities Exchanges". November 27, 1995.
  8. since 2000-01-01. "Davidge Data Systems Corp Overview".

External links

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