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

Recorded Webinar: From Data to Alpha: AI Strategies for Taming Unstructured Data

Unstructured data and text now accounts for the majority of information flowing through financial markets organisations, spanning research content, corporate disclosures, communications, alternative data, and internal documents. While AI has created new opportunities to extract signals, many firms are discovering that value is constrained not by models, but by the quality of the content, architecture,...

BLOG

Bloomberg BQuant Wins A-Team AICM Best AI Solution for Historical Data Analysis Award

When global markets were roiled by the announcement of massive US trade tariffs, Bloomberg saw the amount of financial and other data that runs through its systems surge to 600 billion data points, almost double the 400 billion it manages on an average day. “These were just mind-blowingly large volumes of data,” says James Jarvis,...

EVENT

ExchangeTech Summit London

A-Team Group, organisers of the TradingTech Summits, are pleased to announce the inaugural ExchangeTech Summit London on May 14th 2026. This dedicated forum brings together operators of exchanges, alternative execution venues and digital asset platforms with the ecosystem of vendors driving the future of matching engines, surveillance and market access.

GUIDE

Regulation and Risk as Data Management Drivers

A-Team Group recently held a webinar on the topic of Regulation and Risk as Data Management Drivers. Fill in the form to get immediate access to the accompanying Special Report. Alongside death and taxes, perhaps the only other certainty in life is that regulation of the financial markets will increase in future years. How do...