Recently we at Algomi, a UK-based financial technology company, secured a $10 million investment from pan-European stock exchange Euronext. Euronext has been going through an acquisition spree, snapping up companies in different sectors like the foreign exchange market with the acquisition of FastMatch.
It´s obvious that Euronext is trying to diversify in an attempt to weather the market instability, but the investment in Algomi was more than just diversification. We make software that can help Euronext in ways other than simply diversification. Euronext´s $10 million Algomi investment bought them a seat at the board of directors over here at Algomi and a 10-year development plan.
Algomi´s revolutionary software
Since Algomi´s inception in 2012, we have won many awards for innovative products that work well and make a big difference in the trading world. Euronext´s Algomi investment may be partly because they knew that with us they could develop a product that would both be profitable when sold and a product that they could implement themselves to make more profitable trades.
We at Algomi offer a range of products for different types of traders, but the system being developed with Euronext is called Euronext Synapse. This new, exciting system is an anonymous centralised inter-dealer marketplace. This product will truly increase liquidity when trading illiquid stocks. The platform is completely anonymous at every stage, preventing any data leakage, and eliminates the key liquidity challenges faced by fixed income markets.
Algomi´s efficiency comes from our whole collection of software working together from both the buy-side and the sell-side to benefit your trades. Our Honeycomb network links to our Synchronicity software and also shares information with Euronext Synapse. This way of sharing huge amounts of information and data anonymously is truly to everyone´s benefit. It allows both parties to make better trades and ones you´re more likely to be happy with.
The future of Algomi investment
In such a short time Algomi has made big waves in the trading industry and has entered into many journalist´s minds as being in the fintech top 50. Who knows what exciting opportunities are coming in the years ahead for us at Algomi.