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

A-Team Insight Blogs

MDX Technology Secures Private Investment to Drive Business Expansion Plans

Subscribe to our newsletter

Data collaboration technology vendor MDX Technology (MDXT) has secured “significant investment” from a group of private backers, including Daniel Simpson and Emanuel Mond, co-founders of Cadis (now IHS Markit EDM) and Graham Denyer, ex CTO of IHS Markit EDM. The funding – an undisclosed amount – will accelerate the firm’s business development plans and new technology development activities.

MDXT’s data collaboration technology is used by investment banks, interdealer brokers and buy-side firms, and underpins the MDXT Marketplace – previously known as IowaRocks – for market, alternative and reference data.

“The MDX brand is very well recognised, with a couple of thousand unique users and 40+ customers, all great blue chip names,” says Simpson. “This investment will help us scale the business and take it to the next level, by building a global 24/7 support desk, increasing our cloud infrastructure, growing the product features and expanding the development team and the sales and marketing teams. We’ve more than proved the concept, it’s a really well-established business, but we now want to get from A to B that bit quicker, which obviously requires capital.”

“We’ve got a very well-regarded technology stack that does collection, storage, and distribution of data,” says Paul Watmough, CEO at MDXT. “One of the key distribution points is the MDXT Marketplace, where we’ve onboarded 30+ data providers including the likes of ICE, IGM Credit, and NewChangeFX, which is all underpinned by our distribution technology. And the technology stack is our is our core focus.”

“Increasingly, what we’re seeing is brokers and exchanges wanting to white label or OEM the technology as their distribution mechanism, their data backbone effectively,” adds Simpson. “And there are three distinct use cases: intrabank, so banks sharing real time data amongst themselves internally, e.g. trading desk to sales trading to risk; buy side to sell side, sharing things like axes and inventory; and providing the data backbone for the brokers, the exchanges, and the vendors. Crucially, it’s one piece of technology underpinning all of that.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Optimising cloud, marketplaces & managed data services

Date: 30 June 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Financial institutions are under mounting pressure to rethink how they source, manage and distribute market data. Rising data volumes, multi-cloud adoption and the operational demands of regulations such as DORA are exposing the limits of legacy infrastructure, and driving...

BLOG

LSEG and Bank of America Target AI-ready, Governed Data Integration in Multi-Year Partnership

London Stock Exchange Group (LSEG) and Bank of America have agreed a multi-year strategic partnership centred on embedding governed, AI-ready data and analytics directly into the bank’s core workflows. Rather than a distribution agreement focused on access, the collaboration reflects a broader architectural shift: integrating unified, rights-cleared content, analytics and risk intelligence across advisory, trading,...

EVENT

Eagle Alpha Alternative Data Conference, Spring, New York, hosted by A-Team Group

Now in its 9th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Institutional Digital Assets Handbook 2023

After initial hesitancy, interest in digital assets from institutional market participants has grown over the past three to four years. Early focus inevitably centred on the market opportunities presented by bitcoin and other cryptocurrencies. But this has evolved into a broad acceptance of a potentially meaningful role for digital assets in institutional markets. It’s now...