New York institutional brokerage Abel/Noser is to build its proprietary analytics and order management systems using the Framework technology infrastructure kit from Beast Financial Systems.
The Framework technology is a horizontal infrastructure for real-time application development and distribution. Firms can use the Framework to push real-time streaming market data, analytics and custom trading applications to both internal users' and external customers' desktops. Beast Financial offers a Software Developers Kit (SDK) for business logic development and third party integration.
"Because of our unique, proprietary technology, we needed a non-threatening development environment," explains James Noser, vice president of Abel/Noser Corp.
The brokerage is licensing the technology for in-house use, but eventually plans to open distribution to third party clients.