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: Reviewing the Latency Landscape and the Next Generation of Ultra-Low Latency Infrastructure

Date: 17 September 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Ultra-low latency is no longer the preserve of a handful of proprietary trading firms. As new asset classes electronify, data volumes surge, and regulatory expectations around execution quality and resilience tighten, the performance demands on trading infrastructure are broadening...

BLOG

TNS Unifies Financial Markets Business Under Waypoint Brand

Two months after completing its acquisition of BT’s Radianz business, Transaction Network Services (TNS) has launched Waypoint Trading Solutions, a unified brand encompassing connectivity, low-latency trading infrastructure and managed market data operations. Waypoint Trading Solutions officially launched on 8th April, bringing together TNS’s existing financial markets capabilities with the Radianz extranet business it acquired from...

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry 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.

GUIDE

Regulatory Data Handbook 2014

Welcome to the inaugural edition of the A-Team Regulatory Data Handbook. We trust you’ll find this guide a useful addition to the resources at your disposal as you navigate the maze of emerging regulations that are making ever more strenuous reporting demands on financial institutions everywhere. In putting the Handbook together, our rationale has been...