Fox River Execution
In 2001, Ritchie started Fox River Execution (FREX), an agency broker and dealer that provides algorithmic trading technology and execution solutions. FREX’s algorithms were set apart from other trading technologies by computerizing human intuition. Institutional Investor reported in 2007 that Fox River is “ a relative unknown that turns in a stunning performance, placing first among NYSE brokerages,” and said of the systems that Fox River builds, “they are programmed to recognize multiple patterns that become part of the human trader’s intuition, along with how they work with or against one another in a multitude of situations.” In July 2010, Fox River Execution was acquired by Sungard and now operates as one of its subsidiaries.
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Famous quotes containing the words fox, river and/or execution:
“Have you ever been in love? A doll in Washington Heights once got a fox fur out of me.”
—Jay Dratler, U.S. screenwriter, Samuel Hoffenstein (1889–1947)
“Other roads do some violence to Nature, and bring the traveler to stare at her, but the river steals into the scenery it traverses without intrusion, silently creating and adorning it, and is as free to come and go as the zephyr.”
—Henry David Thoreau (1817–1862)
“It is clear that in a monarchy, where he who commands the exceution of the laws generally thinks himself above them, there is less need of virtue than in a popular government, where the person entrusted with the execution of the laws is sensible of his being subject to their direction.”
—Charles Louis de Secondat Montesquieu (1689–1755)