We at Algomi are happy to announce our acquisition of ALFA technology from AllianceBernstein Holding L.P. With this investment Algomi expands our product range and improves our catalogue of great software for both buy-side and sell-side traders.
Both the brand name and the intellectual property behind the ALFA system has been acquired by Algomi Limited. In exchange AllienceBernstein now has a seat at the board of directors over here at Algomi, along with an undisclosed minority stake in the company. There is a lot of interest around Algomi investment, with Euronext investing $10 million to develop a new system in conjunction with Algomi.
Algomi´s financial technology software revolution
Since it´s inception in 2012, we at Algomi have acquired and developed a fantastic catalogue of software that help with modern digital fixed income trading. The key to our success is that our software, from both the buy-side and sell-side, communicate with each other, sharing important information to create a clearer view of the market as a whole. Don’t worry, all of our technologies are hosted on secure clouds and all data shared between platforms is completely anonymous.
Large companies are more attracted to diversify into fintech because many fintech are not just profitable businesses, but they produce software that can help in areas like the trading of stocks and shares.
ALFA technology in a nutshell
Algomi´s latest addition allows the buy-side trader to see a real-time picture of the market as a whole, including high yield, investment grade, government bonds, emerging market, municipal debt, and structured credit. It provides cross-market information on trade intent and liquidity to do this.
The program is designed to be sold to buy-side fund managers, showing relevant and helpful data from messaging platforms, electronic venues and direct dealer inventory feeds. As with all of our Algomi software, ALFA is hosted on a secure cloud with unique instances for individual traders, this allows them to build a relationship with traders via API or the use of a graphical user interface.
Traders need to stay as up-to-date as possible to make efficient and successful trades. ALFA provides real-time information that could dramatically affect the success rates of trades. Further Algomi investment will keep the good news coming for traders everywhere.