News In brief

TraderTools raise $7.5 million

TraderTools, a New York-based technology vendor, last week (January 13) revealed the details of a $7.5 million financing drive.

Edison Venture Fund, from New Jersey, invested $7 million, while the rest was put forward by TraderTools' management.

The funds will be used to expand sales, marketing and development of the company's liquidity management platform.

ISE to use Xasax techonology

The International Securities Exchange (ISE) has selected Florida-based Xasax as

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