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

MDXT Acquires No-Code SaaS Workflow Solution Provider Iceflow

Subscribe to our newsletter

MDX Technology (MDXT), a provider of data distribution and collaboration technology, has acquired Iceflow Technologies, the no-code SaaS platform vendor founded by Graham Denyer, architect of IHS Markit’s original EDM solution, Cadis Software. Terms weren’t disclosed.

MDXT and Iceflow now plan to become fully integrated, giving MDXT customers the ability to utilise the Iceflow no-code framework to automate manual processes, particularly around post-trade, compliance and KYC, and to rapidly build and deploy integrated workflows.

“This tie-up effectively solves a couple of problems for customers looking to build workflows around our data distribution framework,” says Nigel Someck, CEO at MDXT. “Through Iceflow’s no-code framework, end users are now empowered to build their own applications on the fly, which effectively means they’re not hostage to development queues and they can take advantage of opportunities when they arise. A key aspect of that is the connectivity and integration element, and the requirement to have multiple connection points, which is where MDXT has historically been a leader.”

Denyer, who will join MDXT as Chief Technology Officer, explains how the cloud-based solution will work in practice. “There are two sides to this,” he says. “One is establishing the workflow configuration side, which requires integrating with the various systems to map how the data is going to flow between teams and responsibilities. Then there’s the end-user interface, which works from the mobile right to the desktop. This gives users the capability to design and build their own workflows in a drag-and-drop style interface, tailoring them specifically to their needs. We provide the building blocks, but they can put them together in any way they need to.”

MDXT is seeing a growing number of use cases for the combined technologies, says Someck. “We’re primarily starting to see themes around post-trade workflows and customer onboarding processes, which can be subject to very cumbersome approval process, requiring many different people to view different aspects of documentation and so on. We’re also seeing some compliance use cases coming through. That’s where we’re already seeing a lot of traction, where customers are looking to automate manual processes to take advantage of opportunities or to gain efficiencies.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Trade the Middle East & North Africa: Connectivity, Data Systems & Processes

In Partnership With As key states across the region seek alternatives to the fossil fuel industries that have driven their economies for decades, pioneering financial centres are emerging in Egypt, United Arab Emirates (UAE), Saudi Arabia and beyond. Exchanges and market intermediaries trading in these centres are adopting cutting-edge technologies to cater to the growing...

BLOG

Keysight and Instrumentix Partner to Enhance Trade Visibility in Financial Markets

Through a partnership with Instrumentix, the latency and flow monitoring solutions specialists, Keysight Technologies, Inc. has expanded its financial capital markets portfolio by introducing a trade monitoring solution designed to address inefficiencies in trade execution and market data performance. The collaboration integrates Instrumentix’s xMetrics flow monitoring and analytics platform with Keysight’s network visibility tools, offering...

EVENT

TradingTech Summit MENA

The inaugural TradingTech Summit MENA takes place in November and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions in the region.

GUIDE

Enterprise Data Management Europe 2010

he US may seem to be ahead of the rest of the world in terms of championing the data management cause with the inclusion of reference data focused items in the Dodd-Frank Act, but Europe is not too far behind. Senior European level officials such as European Central Bank (ECB) president Jean-Claude Trichet have taken...