CHATHAM, NJ – (BUSINESS WIRE) –DriveWealth, a leading global brokerage infrastructure platform, today announced the acquisition of Cuttone & Company, a world-renowned New York-based institutional brokerage, bringing its pioneering technology at the York Stock Exchange (NYSE). With this acquisition, retail investors around the world who trade fractions of US stocks through DriveWealth’s partners gain direct access to the NYSE securities point of sale with the same sophisticated trade execution technology that was previously accessible only to institutional investors.
Cuttone & Company, now the institutional division of DriveWealth Holdings, Inc. will bring market and regulatory expertise, a network of institutional business partners and other resources to DriveWealth partners. DriveWealth will now be able to offer its partners unique access to price discovery on its highly scalable, configurable and redundant system …
- According to the source DriveWealth’s acquisition of Cuttone & Co. is a pioneer Technology for global retail investors at the NYSE floor
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