Davidge Data Systems Corporation was "a privately held software company that specializes in
middleware for trade ordering, execution and
back-office
A back office in most corporations is where work that supports ''front office'' work is done. The front office is the "face" of the company and is all the resources of the company that are used to make sales and interact with customers and client ...
connectivity for Wall Street firms,"
including
Smart order routing
Smart order routing (SOR) is an automated process of handling orders, aimed at taking the best available opportunity throughout a range of different trading venues.
The increasing number of various trading venues and MTFs leads to a surge in li ...
.
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.][since 2000-01-01. ]
References
External links
Dan Hollings Plan Review
Electronic trading systems
{{company-stub