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

Date: 16 April 2026 Time: 9:00am ET / 2:00pm London / 3:00pm CET Duration: 50 minutes Unstructured data 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 signal from this data, many firms...

BLOG

Exegy Acquires NovaSparks to Accelerate Convergence at the FPGA Layer

Exegy, the low-latency market data, trading, and execution technology provider, has agreed to acquire NovaSparks Inc., the specialist in Field Programmable Gate Array (FPGA) enabled market data and trading products. Exegy’s move to bring NovaSparks into the group signals a clear intent to exert deeper control over the FPGA-driven market data pipeline, from normalisation and...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

The Global LEI System – Slow but Sure

After what looked like a slow start to the summer, the initiative to establish a global standard for legal entity identifiers (LEIs) took a series of significant leaps forward during August, that appears to have put the project firmly back on track. If the marketplace felt a little reticent in June and July, it could...