April 17, 2021

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DriveWealth’s Acquisition of Cuttone & Co. Brings Pioneering Technology for World wide Retail Buyers to the Flooring of the NYSE

CHATHAM, N.J.–(Enterprise WIRE)–Jan 14, 2021– DriveWealth, a major worldwide brokerage infrastructure system, right now introduced...

CHATHAM, N.J.–(Enterprise WIRE)–Jan 14, 2021–

DriveWealth, a major worldwide brokerage infrastructure system, right now introduced the acquisition of Cuttone & Corporation, a globally-highly regarded New York-based institutional broker supplier, therefore bringing its groundbreaking technologies to the flooring of the New York Inventory Exchange (NYSE). With this acquisition, retail buyers around the entire world who trade fractional shares of U.S. equities by way of DriveWealth’s partners are supplied direct entry to the issue of sale for NYSE securities with the exact complex trade execution technologies that experienced beforehand only been available to institutional traders.

Cuttone & Enterprise, now the Institutional Division of DriveWealth Holdings, Inc. will deliver market place and regulatory skills, a community of institutional trading associates, and other assets to DriveWealth’s companions. DriveWealth will now be ready to offer you its companions one of a kind obtain to cost discovery on its hugely scalable, configurable and redundant digital investing infrastructure. The gain obtainable on the trading ground not only delivers direct obtain to the issue of sale but affords the exact same time and position edge for entry to regulatory and jurisdictional info which could have an impact on current market conditions or induce investing halts.

“These added sources, unprecedented transparency, and the skill to trade specifically on the NYSE or across all U.S. fairness destinations will open up higher alternatives for the retail buyers we provide on our platform,” claimed Bob Cortright, founder and CEO of DriveWealth. “Having notional trading technological know-how related to a adaptable brokerage infrastructure allows traders to start out small by investing in brands they know and care about. We’re happy to provide this new blend of Cuttone & Company’s institutional expertise with our retail investing technological know-how to become the most finish brokerage stack accessible to retail investors these days.”

“Since 1984, Cuttone & Business has captivated and served 1000’s of institutional buyers with large-high quality execution options. We’re enthusiastic to convey that very same institutional level of services to retail close to the world, shepherding ‘Main Street’ buyers through Wall Road,” mentioned Donato J. Cuttone, CEO of Cuttone & Company and a member of the Board of Directors of NYSE National, Inc. “We know from encounter that technology by yourself can’t swap the abilities and intuition of market industry experts on the flooring of the New York Inventory Trade. Becoming a member of DriveWealth allows us to utilize our skills and extend our commitment to sector fairness and transparency for tens of millions of retail traders all over the globe.”

“We’re delighted to welcome DriveWealth to the NYSE Investing Flooring community. With a flooring presence, DriveWealth can increase the added benefits of the NYSE’s unique sector design to its shoppers about the world, including participation in the world’s major liquidity party, the NYSE Closing Auction,” stated NYSE Group Chief Functioning Officer Michael Blaugrund.

Adhering to the acquisition, Cuttone & Enterprise will function as a subsidiary of DriveWealth Holdings, Inc., a FINRA registered broker supplier. Donato J. Cuttone has joined DriveWealth’s Board of Administrators and will go on to guide the crew as the CEO of DriveWealth’s Institutional Division.

About DriveWealth

DriveWealth is an API-pushed world-wide brokerage infrastructure platform powering both conventional and modern financial investment experiences for a lot more than 50 associates in about 150 nations. DriveWealth’s mission is to reshape the earth of retail investing by enabling banks, global manufacturers, and Fintechs to deliver investment obtain and suggestions to underbanked and underserved prospects that was beforehand only out there to the wealthy. For much more information and facts, be sure to check out drivewealth.com.

About Cuttone & Business

Launched in 1984, Cuttone & Company is a New York-dependent full-provider institutional broker combining point out-of-the-artwork technological know-how and really skilled professionals to deliver a finish selection of execution and key brokerage alternatives. Cuttone & Corporation is a leading supplier of arbitrage, company motion, unique predicament, and block trade execution for institutional asset managers and broker-sellers. Around the very last decade, the business has expanded its New York Inventory Exchange ground enterprise to include things like institutional direct market accessibility, bespoke algorithmic remedies, accessibility to unique get kinds, and principal action. In addition, we keep on to assist a comprehensive suite of key brokerage solutions. Member NYSE, FINRA and SIPC. For additional info, you should stop by www.cuttoneandcompany.com.

Check out source model on businesswire.com:https://www.businesswire.com/information/house/20210114005167/en/

Get hold of: Media Get in touch with: DriveWealth and Cuttone & Firm

Malea Ritz

[email protected]

Key word: NEW JERSEY UNITED STATES NORTH The usa

Field Search term: Qualified Solutions Data Management Know-how FINANCE Software BANKING

Supply: DriveWealth

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PUB: 01/14/2021 07:00 AM/DISC: 01/14/2021 07:01 AM

http://www.businesswire.com/information/dwelling/20210114005167/en