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Just a day after Ally Financial has demonstrated the interest of major financial institutions in the retail space by acquiring TradeKing, we are seeing another product development which could reshape the structure of the retail trading market.
Two financial software development companies from Europe have partnered up to deliver a solution which could enable big banks to grant their retail clientele access to online trading. London headquartered Misys has partnered up with Hungarian company Dorsum Investment Software to implement a facilitating layer of software which could spare a lot of inconvenience for retail traders.
Instead of looking for an online brokerage that ... (read more)