The Algomi news for today is that the London fintech has teamed up with well-established data collection and analytics company S&P Global. This is just the latest in a series of three partnerships made by Algomi in the last six months.

This rapid expansion and investment is great news for Algomi. News that will cement their position as an important and influential company in the financial technology world.

Algomi’s success partnering with companies in the past will have no doubt influenced S&P Global’s decision to choose Algomi.

Algomi’s great track record

Algomi has a good history when it comes to forming essential partnerships. From their inception in 2013, Algomi has partnered with numerous larger companies such as Euronext, the pan-European exchange, and AllianceBernstein, earlier this year.

The first of their three investments this year came fromOpenFin. The partnership with OpenFin allows Algomi to roll out its Honeycomb and Synchronicity products quickly and upload updates to the software more quickly and easily.

Companies like Algomi are chosen by market incumbents because of their ability to change and evolve rapidly with the tumultuous, post-Brexitreferendum market. OpenFin allows Algomi to do this efficiently.

Algomi’s expanding software catalogue

Algomi’s second investment this year came in the form of a new software to market exclusively. Algomi was chosen, after a long search, by AllianceBernstein to be the sole marketers of their software ALFA.

Algomi’s focus as a software company swayed AllianceBernstein towards Algomi. ALFA is a fixed-income liquidity and analytics tool that fits in very well with Algomi’s existing products.

Algomi News: the future is bright for UK fintech

Algomi’s partnership with S&P Global includes development plans for new software and a plan to share data collected from Algomi’s software networks.

Algomi’s software will also receive data injections from S&P Global’s vast data collection network. This works out well for both companies and the people who rely on their services and products to help them to make more profitable decisions.

If Algomi’s streak of investments over the last six months is anything to go by, Algomi is a fintech to keep an eye on.

There has been a lot of good news recently for Algomi. News now is that the relatively new fintech company haspartnered with leading data and index provider S&P Global.

Algomi’s partnership with S&P Global is their third partnership in six months. Gaining this investment has secured Algomi’s growth for the coming years and cemented their place as a hard hitter in their sector.

The investment bought S&P a minority share in Algomi and a seat at the board of directors. Algomi plans to grow its product offering with this investment.

Who are S&P Global?

S&P Global provides essential intelligence to anyone who needs it in the financial world. They help people make betterinformed decisions by providing them with relevant, up-to-date data.

They manage 135 billion data points, scattered all over the world to gather this vital information.They also work around the clock to analyse the raw data and present it in an understandable way.

The data is used to make huge, world-changing decisions, so it’s an extremely important job that S&P Global does.

Partnerships pushing into new markets

S&P Global and Algomi intend to work together, S&P using Algomi’s bond trading technology to push into new markets around the world. Because of Algomi’s data collection, S&P’s intelligence team can work together and share information.

Commenting on the partnership, Douglas L. Peterson, president and CEO of S&P Global, said: “We think very highly of Algomi and are excited about the opportunity to bring our data, technologies and deep analytics into additional market segments. By partnering with Algomi, we will further leverage the power of big data and artificial intelligence to create even more opportunities to deliver value to our and Algomi’s customers.”

Development of new products from both companies is also on the cards, with software being the main concern of Algomi. News of another partnership for Algomi doesn’t come as a surprise, with Algomi snapping up awards and accolades left and right since the company’s launch in 2012.

It’s clear that, through partnerships, there are bright things on the horizon for Algomi and whoever chooses to partner with this success story.

Many people are worrying about the future of the UK’s financial industry, especially after Brexit. Speculators believe that many banks are going to vacate to find more stable economic climates in Europe, so will London become a city of empty offices?

Most likely not. The ever-growing world of financial technology is inhabiting London more than any other city on the planet. In FinTechCity´slatest annual fintech top 50 list, 31 of the listed fintechs are based in London.

One such fintech is Algomi. News is that Algomi is rapidly expanding its operations with partnerships and investments from various sources. Most recently with AllianceBernstein, with Algomiacquiring the ALFA fixed income liquidity analytics tool.

Partnerships leading the way

For the company, there’s no better Algomi news. With Algomi’s help, AllianceBernstein has developed their ALFA technology. It provides information on liquidity and trade intent. This information gives the buy-side trader an accurate, up to date view of the entire bond market, including structured credit, government bonds, investment grades, high yields, municipal debt and the emerging market.

Algomi was selected after a very competitive search to find the sole marketer of the product. It will be marketed to buy-side fund managers, giving them access to a large amount of data from direct dealer inventory feeds, electronic venues and messaging platforms.

As Algomi focuses on data technology AllienceBernstein made the decision to join with them in this project. To protect a client’s privacy, clients own their own data and has Algomi has no access to it. Algomi clients will procure their own hardware via an approved cloud provider and Algomi simply deploys ALFA technology, maintaining Algomi’s role as purely a software provider.

The future looks bright for Algomi

As with many other financial technology companies based in London, the future is bright and exciting. In March Algomi bagged a $10 million investment from pan-European exchange market Euronext.

This deal involves a 10-year plan to develop software on both the buy-side and sell-side of the industry. Even if big banking vacates London, financial technology will most likely take its place.

For more Algomi news and any developments on London’s financial industry, visit us at fintechwebnews.co.uk

According to the World Economic Forum (WEF), partnership and joint ventures between well-established market infrastructure and financial technology companies is key to gaining shares. They believe over-the-counter products are shifting to electronic trading.

According to the report carried out by the WEF, it is noted that brand new market platforms don’t often challenge incumbent institutions and that partnerships and collaboration between established institutions and fintech companies is the most successful path to growth.

Fintechs allowing for rapid innovation

The co-author of the WEF report, Rob Galaski said in a statement: “Fintechs have changed the basis of competition in financial services, but not the competitive landscape. Fintechs now define the tempo and direction of innovation in financial services, but high customer switching costs and the rapid response of incumbents has challenged their ability to scale”.

In the grand scheme of things fintechs haven’t challenged any financial institutions, but their partnerships have changed the financial landscape and the way people work in the industry.

The report used the example of Algomi. News was that Euronext, the pan-European exchange, and Algomi had entered a partnership, with Euronext acquiring a minority share in start-up Algomi.

Even when significant advantages in terms of efficiency exist on new trading platforms, financial institutions may prefer not to switch due to the high cost of doing so. They also would prefer to avoid disruption in the network of relationships they have built that characterise capital markets. This is another reason why partnership is often a better option.

Algomi news: developing software for Euronext

Euronext invested $10 million for a minority stake in Algomi in March. This deal involves working to develop relationships with regional exchanges to establish an automated trading system in North America.

This isn’t the only partnership for Algomi. In May, Algomi partnered with well-established fund manager AllianceBernstein to create software that shows an aggregated picture of bond liquidity.

This technology will benefit buy-side traders, allowing them to see a clearer picture of the often fragmented and complex market. Algomi’s ALFA technology will help traders make more efficient trades. Check back for more Algomi news at fintechwebnews.co.uk.

The latest news at fintechwebnews.co.uk is that British fintech start-up Neyber has secured £21m in funding for their loan granting company. The funding has come from quite an unusual place. Several thousand police officers, two former Goldman Sachs executives, and an Indian investment company have teamed together to invest in the company.

What do 5000 policemen, former banking execs, and Indian investors have in common?

They make up Neyber, which provides loans that are repaid out of people´s salaries. The 2 former Goldman Sachs executives that started the company, Martin Ljaha and Monica Kalia, left Goldman Sachs almost 5 years ago.

The Indian investment group, Wadhawan Group, is a leading investor in the UK fintech sector, leading Neyber´s latest £21m cash injection. Neyber provides loans for approximately 5000 police officers. It has provided more than £65m in just over two and a half years, helping many people to buy properties. The Police Mutual was an initial investor in Neyber and provides it with money to fund it´s loans to police officers up and down the UK.

Next steps for Neyber

Here at fintechwebnews.co.uk we have found that Neyber´s goal is to launch it´s own savings product by combining loans with tax-free ISAs that it could offer employees who want to earn higher returns on their hard-earned money. The company´s interest rates come in three different bands;

• ´Great´charging – just 4.9% annual interest;
• ´Good´charging – 6.9% annual interest;
• ´OK´charging – 9.9% annual interest.

They claim that they can save the average borrower a fifth on their existing debt repayments. They also aim to educate people in the ways of finance, improving their scores from ´OK´ upwards. By cutting out the middle man when lending, the company can offer better interest rates and even provide education.

Neyber can also grant a higher percentage of personal loans as there is less risk when making deals with an individual´s employer rather than just with the individual. When dealing directly with employers, there is also a larger amount of information to be gathered from the lender.

The company claims that because of this stability, there have just been thirty defaults on over 7000 loans they have granted. For regular news check back with us at fintechwebnews.co.uk.

In recent news, reported here at fintechwebnews.co.uk, the European exchanges operator Euronext has extended it´s recent acquisition history with the purchase of a majority stake in Dutch company iBabs. IBabs is an online portal for corporate boards and was acquired by Euronext for €30.1 million.

Euronext will take a 60 percent stake in the Dutch company whose revenue in 2016 was €5.9 million. iBabs made earnings of €3.8 million before tax, interest, depreciation and amortisation, with first half revenues up 29% year on year.

Euronext already owns a similar company that supplies webcasting and other investor relations tools and wants to expand it´s existing company to lessen Euronext´s dependence on earnings from share trading and avoid general market instability.

The rapid expansion of Euronext

Back in May, Euronext decided to turn it´s attention to the usually bank-dominated world of currency markets. Euronext broke into the foreign exchange market with the acquisition of FastMatch for an initial sum of $153 million. This sum bought Euronext a 90% stake in FastMatch, making them the majority shareholder by a long way.

“The acquisition of FastMatch breaks new ground for Euronext, through expansion into the FX market which is the world’s largest traded asset class,” said Stéphane Boujnah, chief executive of Euronext.

In the last 2 years, Bats Global Markets and Deutsche Börse, Euronext´s 2 main rivals, have also made similar moves by acquiring assets in the usually bank-dominated market.

Diversifying to increase stability

In the wake of financial crisis, many companies have chosen to diversify into different areas other than stocks and shares trading. Foreign exchange or FX is a $5.1 trillion exchange market, opening up possibilities for companies like Euronext to begin building a more stable company in the event of another financial crisis.

Euronext´s recent partnership with software company Algomi is also a big move to diversify with the impending changes to the European economic landscape with the UK´s departure from the European Union. We have written before on fintechwebnews.co.uk about Brexit. Brexit creates much uncertainty for the European Union and companies operating in the area need to think of plans for stability, especially in the coming years.

For more fintech news, stay tuned to www.fintechwebnews.co.uk for all the latest developments.

Recently, European company Euronext made a $10 million investment in Algomi. News of our revolutionary programs built for fixed market trading must have spread to Euronext, giving them the idea to develop a MTF (Multilateral Trading Facility) in conjunction with us here at Algomi.

Electronic bond trading is an opportunity that we all want to be involved in, but not many have overcome the transition from traditional, voice based trades. Many traders also prefer the older, more human trading via the telephone.

The recent shift in ideas are a result of events like Donald Trump´s presidential victory. Unsurprisingly, Trump´s victory wiped $1 trillion off the market by November 14^th, bringing the estimated market down to $86 trillion from $87 trillion. In an effort to diversify and survive in a unstable economic climate, companies are thinking of new ways to unlock value in their trades.

Euronext´s aim with Algomi is to create a new MTF to create a centralised marketplace for pan-European corporate bond trading.

What is a multilateral trading facility?

An MTF is a self-regulated financial trading venue that is considered an alternative to the traditional stock exchange, which trades in securities. In short, it connects multiple traders in an alternative way, offering different rules and different trade opportunities than traditional stock trading.

Euronext´s choice in Algomi

Our track record has so far been excellent, winning multiple awards for innovation, even in the early stages of our inception. Algomi will supply Euronext with a fully internally developed exchange-grade bond matching solution to give the functionality that you need for algorithmic smart-matching to create and auction between dealers.

The basic idea is that if a bank is not able to match an order from a buy-side trader, it will get sent to the separate inter-dealer exchange where a more collaborative approach can find the other portion of the deal.

Algomi´s CTO, Usman Khan says: “Any bank that uses Synchronicity will automatically, once they have a contractual agreement in place with the Euronext MTF, be able to access that exchange very quickly.”

Together, Euronext and Algomi are building a better future for themselves and the trading community.

For more Algomi news and Euronext news, check back soon.

Great Algomi news! As of May 15, 2017, the ALFA tool created by AllianceBernstein Holding L.P. was acquired by Algomi Ltd, expanding and improving our catalogue of great software for traders. Both the intellectual property behind the ALFA system and the brand name has been acquired by Algomi, but changed to Algomi ALFA. In exchange, AllianceBernstein has taken a seat on the board of directors here at Algomi and an undisclosed minority stake in the company.

The acquisition of this new software will broaden our sphere of influence, connecting with Algomi´s existing Honeycomb network, enriching our relationships and effectiveness. AllianceBernstein undertook a long and competitive search to find the sole marketer of their revolutionary product. The focus remains on digital data technology solutions for Algomi. News is that this was a key factor in AllianceBernstein´s choice of partnership.

What is ALFA?

ALFA is an exciting new program that allows the buy-site trader to see a real-time view of the market as a whole, including high yield, investment grade, government bonds, emerging market, municipal debt and structured credit. It does this by providing cross-market information on trade intent and liquidity.

Algomi Alfa will be sold to buy-side fund managers, displaying relevant and helpful data from messaging platforms, electronic venues and direct dealer inventory feeds. Algomi hosts ALFA on a secure cloud with unique instances for each user, this allows them to develop a relationship with you via API or GUI.

The advantages of relevant and current information

You need to keep as up-to-date as possible to make efficient and successful trades. It is vital to keep up with the latest news. Algomi ALFA provides real-time information that could have a huge impact on the success rate of your trades.

ALFA will benefit execution traders, portfolio managers, quants and compliance professionals. As this technology is linked to our Algomi Honeycomb system for sell-side traders, both programs are enriched bilaterally.

In short, this technology revolutionises the way you will do business, allowing you to make faster, more informed decisions when repositioning portfolios. In short, this technology will make your job easier and potentially more profitable.

Algomi has a strong philosophy when it comes to their interaction with financial markets. This includes being a champion of the human factor when it comes to trading. They also value confidentiality and cooperation.

While healthy competition is an important factor for the growth and success of individual firms, the industry as a whole has a responsibility towards the state of the market. If there is no input into the latter, everyone’s ability to trade is in jeopardy.

Algomi news reports that Algomi have, once again, found a partner who reflects and shares their values in this area. They have joined with US-based asset manager Alliance Bernstein to bring their ALFA solution to a wider market. This will lead to much sought after increases in liquidity as well as the opportunity for this innovative solution to develop even further than it has already.

What is ALFA?

ALFA stands for Automated Liquidity Filtering and Analytics and it was developed by $500 million asset manager, Alliance Bernstein, in response to a tough market. It is, essentially, a filtering system that brings together many of the platforms that are now being used for bond trading so as to give a coherent, standardised view of available trades. By putting all these sources of data next to each other, they create greater potential for liquidity in the market.

What does this partnership mean?

In order to build trust, independence is one of the key traits required for this kind of information-crunching system. Alliance Bernstein have demonstrated this, and then some, by partnering with Algomi. News of their willingness to bring this top product to market, trumping any desire to monopolise the technology, can only serve to further increase trader confidence in the data.

On top of this, Algomi have the clout, financial backing and partnerships to bring this solution to market in an impactful way. The networking effect means that they will also increase their reputation in the USA and, indeed, on the global stage.

This is the second notable partnership brokered between Algomi and a key financial player in the last year. In late-2016, Algomi news reported that they had entered into a partnership with pan-European giant, Euronext.

The first time Algomi was included in the Fintech50, we were pretty happy about it. The second time was another big step forward for us. It has recently been announced that we remain on the list for the third year running and, for us, this only builds our drive and momentum. We’re thrilled to be part of this industry and our excitement is as fresh as it was 3 years ago when we first appeared on this prestigious list that champions innovation throughout Europe.

What is the Fintech50?

FinTechCity produce the FinTech50 list each year. It is a group of 50 European innovators who are involved in the transformation of financial services.

The FinTech50 does not just comment on fintech, it interacts with important players to reach audiences around the world and raise awareness of the great innovators of fintech. In April 2016, the list saw over 20,000 views and made an appearance in more than one million Twitter accounts in its first 7 days online following its launch at Money2020 Europe.

The companies on the FinTech50 are selected by a panel of 30 industry experts. This year, members included HM Treasury’s Special Envoy for FinTech, Eileen Burbidge, tier one banks, and leading venture capital investors.

FinTechCity will launch its Asian list in 2017. Optimistically speaking, Algomi News hopes to report that we will one day be mentioned in this new environment as well. We are constantly looking for expansion and our recent partnership with Euronext promises a furthering of our global presence.

Why is this important Algomi news?

We’ve had a meteoric few years during which we’ve secured big investment and partnerships. However, it’s not time to rest on our laurels and we believe there is room for exponential growth at Algomi. News that, in the ever-shifting fintech world, we are still coming out in the top 50 is a powerful message to us and our partners that we are still on the right track. This kind of validation increases our confidence and reputation and we look forward to the beneficial effect this will have on our future. Our thanks go to FinTechCity for this accolade and we hope this trend continues for many years to come.