Big systems for small start-ups

Technology

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When star fund managers or traders set up as a hedge fund, they leave the hassle of big-office life behind. But they also lose the support and infrastructure that makes life easier at a large firm. More than anything else, they know they are going to have to find a way of replicating the efficiency of the trading and trade-processing systems they are leaving behind.

In recent years, several technology suppliers have emerged to service this market, creating lower-cost systems that can

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