TITLE

FTen Trading Tech Draws Bulge-Bracket Investments

AUTHOR(S)
HINTZE, JOHN
PUB. DATE
November 2008
SOURCE
Securities Industry News;11/3/2008, Vol. 20 Issue 38, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that four bulge-bracket firms, including Credit Suisse and Goldman Sachs, have invested undisclosed amounts in New York-based technology provider FTen. These investments would be used to expand FTen's overseas infrastructure, particularly its collocation facilities that bring its clients' trading systems closer to the market centers' matching engines. FTen president Ted Myerson stated that the investments were structured as minority interests to maintain the firm's independence while strengthening it as a competitor.
ACCESSION #
35188774

 

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