About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Desmond Backs PaceMetrics with Increased Stake

Subscribe to our newsletter

PaceMetrics, which earlier this year signed a global distribution deal for its software with Moneyline Telerate, has had a further investment from its principal backer IIU, which has increased its holding in the company.

IIU is the Dublin-based investment vehicle of Irish financier Dermot Desmond. It already has a portfolio of strategic holdings in technology companies, and the PaceMetrics deal gives it a foothold in the global straight-through processing software market. Desmond says that “PaceMetrics’ positioning in its target market coupled with its highly experienced management team make it a significant component of IIU’s overall technology portfolio”.

PaceMetrics’ core software development team is based in Dublin, with a business offices in London and a representative office in New York. The company says that it is expecting “several significant wins to be announced shortly”.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating the Build vs Buy Dilemma: Cloud Strategies for Accelerating Quantitative Research

For many quantitative trading firms and asset managers, building a self-provisioned historical market data environment remains one of the most time-consuming and resource-intensive steps in establishing a new research capability. Sourcing data, normalising symbologies, handling corporate actions and maintaining infrastructure can take months and absorb significant budget before a single model is tested. At the...

BLOG

Build, Buy, or Both? Why the Real Question for Quant Infrastructure Has Shifted to Where the Edge Sits

The questions have become perennial: build versus buy, cloud versus on-premise, in-house versus managed platform. But the discussion that emerged from a recent A-Team Group webinar on quantitative research infrastructure pointed to something more interesting than a binary choice. The build-versus-buy question, panellists agreed, has matured into a more sophisticated conversation about where firms locate...

EVENT

TradingTech Summit London

Now in its 16th year, the TradingTech Summit London brings together senior leadership across capital markets trading technology and market data. Join us to deep dive into key opportunities and challenges driving technological transformation across sell-side and buy-side firms.

GUIDE

Entity Data Management Handbook

Following on from the success of our Regulatory Data Handbook, A-Team Group is pleased to introduce its new Entity Data Management Handbook which is available for free download. This Handbook is the ultimate guide to all things entity data: Why Entity Data is important A full review of Legal Entity Identifiers (LEIs) Where they came...