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EOSE Appoints Dan Marcus as Strategic Advisor for Next Stage Development
EOSE, a provider of market data solutions, has appointed Dan Marcus as strategic advisor to help support the company’s next stage of development. He joins EOSE’s advisory board that includes KPMG’s asset management advisory team. EOSE was founded in 2018 by Suzanne Lock to help financial institutions commercialise their market data. Clients already on board…
NeoXam Partners with MDP to Grow Market Data Footprint in DACH Region
Paris-based data management platform provider NeoXam has forged an alliance with MDP – a new market data consultancy founded by former executives of Screen Group, now part of TRG Screen – to extend the reach of its DataHub platform in the DACH region comprising Germany, Austria and Switzerland. The initiative will focus on helping clients…
With First CFTC Limits Deadline Past, FundApps Urges Firms to Plan for Next Wave
Practitioners reported general readiness for last month’s introduction of new CFTC rules around position limits, a decade after the regulator first floated its plans for changing them. Regulated firms are now being urged to prepare for further changes scheduled for next year, which will introduce new exchange rules and federal limits on derivatives contracts not…
Low-Code: The New Standard for Sell-Side Fixed Income Desks
By Vuk Magdelinic, CEO of Overbond. Low-code programming isn’t coming — it’s already here. And 2021 is the Year of Low-Code, according to IT publications such as SD Times and TechRepublic. “The worldwide low-code development technologies market is projected to total $13.8 billion in 2021, an increase of 22.6% from 2020,” according to the latest forecast by Gartner. The…
Broadridge Strikes at Front Office with $2.5 Billion Acquisition of Itiviti
In an all-cash transaction valued at €2.143 billion (approximately $2.5 billion), US-based Broadridge Financial Services this week agreed to acquire Scandinavian trading and connectivity solutions provider Itiviti from owner Nordic Capital. The deal will significantly expand Broadridge’s Capital Markets franchise by extending into the front office and strengthening its multi-asset capabilities. The fit looks like…
Broadway Technology Recruits Michael Chin as CEO
In an expansion of its executive team, Broadway Technology, the front-office solutions provider, has appointed Michael Chin as CEO. Chin will also join the company’s board of directors. Co-Founder Tyler Moeller, who previously served as CEO, will now take on the role of Chief Innovation Officer. This is a significant appointment for Broadway. Chin brings…
VoxSmart Raises $25 Million with Toscafund to Finance Expansion and Growth
In a deal claimed to be one of the largest fundraises conducted for the RegTech and Compliance sector, London-based communications surveillance provider VoxSmart has raised $25 million to strengthen its markets surveillance technology suite and to fund further expansion, particularly in North America and emerging markets. Following $13.7 million raised in earlier rounds of Series…
IPSX Creates Integrated Technology Framework Ahead of First Admission
UK-based IPSX, which describes itself as the world’s first regulated stock exchange dedicated to real estate assets, has pulled together an integrated technology environment and a set of standardised data workflows ahead of its first ‘Intention to Float’ (ITF) on its IPSX Wholesale market, scheduled for next month. IPSX has been working with a plethora…
What Can We Expect from European Trading Post-Brexit?
By Sylvain Thieullent, CEO, Horizon Software. The abrupt finalisation of the Brexit agreement meant UK-based firms suddenly had to trade stocks in the EU, and vice versa. Almost overnight, firms had to move all operations to the EU or they simply couldn’t trade. It’s not easy to move operations from one country to another, let alone in…
Low-Code Specialist Genesis Raises $45 Million from Accel and Others
In another indication of the industry’s appetite for low-code application development techniques, Genesis, a pioneer in the space, has raised $45 million in a Series B funding round led by venture capital firm Accel, and supported by GV, Salesforce Ventures and existing investors Citi, Illuminate Financial and Tribeca Early Stage Partners. Genesis provides a low-code…