Order management system specialist Orc Software’s agency brokerage business, Neonet, has fallen foul of a rogue trader in Norway and stands to lose SEK4.7 million (£452,000) as a result. 
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New York-based investment management firm Davis Selected Advisers is working with Linedata to implement the vendor’s Longview order management system (OMS) as it grows its mutual funds business based on segregated accounts.
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