STAC Opens NYC Facility; Hires Ortega
Benchmarking specialist Securities Technology Analysis Center (STAC) will open a New York facility in July 2007 to augment its existing Chicago area lab. The NYC facility will house a simulated trading environment where STAC and its customers can test innovative combinations of technologies—or technology “stacks.” The lab will include stacks for many areas of the trading process, including market data distribution, tick databasing, complex event processing, messaging, and order execution.
To head the New York lab, STAC has hired Miguel Ortega. Prior to STAC, Ortega was manager of market data for Barclays Capital in New York, with experience of working with Reuters and Wombat market data systems, high-speed messaging middleware and networking.
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