News Highlights: DriveWealth’s acquisition of Cuttone & Co. provides groundbreaking work Technology for global retail investors on the floor of the NYSE
CHATHAM, NJ – (BUSINESS WIRE) –DriveWealth, a leading global brokerage infrastructure platform, today announced the acquisition of Cuttone & Company, a globally respected institutional broker-dealer in New York, bringing its breakthrough technology to the floor of the New York Stock Exchange (NYSE). With this acquisition, retail investors around the world who trade fractional shares of US stocks through DriveWealth’s partners will gain direct access to the NYSE securities point of sale using the same advanced trading execution technology previously only accessible to institutional investors.
Cuttone & Company, now the institutional division of DriveWealth Holdings, Inc., will bring market and regulatory expertise, a network of institutional trading partners and other resources to DriveWealth’s partners. DriveWealth will now be able to provide its partners with unique access to price discovery on its highly scalable, configurable and redundant …
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