“Old-fashioned active fund management isn’t staging a comeback.”
The A.I. company is now marketing its machine learning-based trading algos to global institutional investors.
The deal sees the communications and content platform for banks expanding beyond pure B2B.
The data vendor is working on a PoC with a Singapore bank but isn’t ready to set up brick-and-mortar.
Co-founder Ned Lowe says the ambition is to service much larger buy sides, taking on established vendors and prime brokers.
The company is looking to hire as it attacks terminal providers with its API-fuelled feeds.