Exchange operator Euronext has provided $10m in funding for bond information platform Algomi in the wake of a joint venture formed in November.
Stock exchange operator Euronext invested $10m in US-based bond information platform developer Algomi on Friday, about four months after the companies signed a joint venture agreement.
Founded in 2012, Algomi has created software that helps users such as banks, institutional investors, inter-dealer brokers and exchanges to communicate with each other and facilitate large and illiquid voice trades between them.
Algomi and Euronext formed a JV in November that will involve them launching a collaborative network for pan-European corporate bond trading.…
