18 October 2017
Register now

Fixed income dealer Pressprich takes stake in CodeStreet

13 October 2009  |  2313 views  |  0 handshake

New York-based fixed income broker dealer RW Pressprich & Co has taken an equity stake in software house CodeStreet.

The investment - the size of which has not been disclosed - follows years of collaboration between the two New York-based firms, culminating in early 2008, when Pressprich became the first broker-dealer to go live on Teamwork, CodeStreet's flagship hosted service for fixed income sales and trading.

Edward Rappa, Pressprich CEO, says: "We expect Teamwork to become an industry standard and we want to help CodeStreet expand its capabilities to include a broader array of asset classes so that we can use it in all areas of our business."

The Teamwork platform is designed to streamline data flows, while retaining the traditional sales and trading roles on the fixed income trading floor.

Pressprich has previously helped CodeStreet develop and test other products, including a desk-management Web portal designed for sales managers and a utility for instant publication of research and offerings - global or firm wide - via Bloomberg.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Fixed income e-trading volumes rise - Sifma

Fixed income e-trading volumes rise - Sifma

13 February 2008  |  5344 views  |  0 comments
CodeStreet names Barry Goldenberg director, sales and marketing

CodeStreet names Barry Goldenberg director, sales and marketing

16 October 2007  |  4997 views  |  0 comments
Reuters partners with CodeStreet

Reuters partners with CodeStreet

02 December 2003  |  8182 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15338 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8518 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8055 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7582 views comments | 13 tweets | 9 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6729 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job