Euronext Invests $10m in Algomi, Kicks off Global Expansion

[kreslik.news]

Euronext has expanded its joint venture with fixed income technology provider, Algomi. The latest agreement will see Europe’s largest exchange investing over $10 million in its minority stake of Algomi, helping support trader access to Algomi’s bond information network, per a group statement.

In particular, the investment is important for corporate bond traders who will not only be able to garner access Algomi’s bond information network, but also be able to manage their respective risk on a more efficient basis. Traders will also be able to identify the most appropriate counterparty through the network’s framework.

Regional Expansion

The newly enhanced venture will be ... (read more)