Xasax Hits Funding Crisis, Seeks Buyer
Sources say the vendor, which closed its OpenTick active trader software division in March, has put business on hold until it can attract further funding, and is seeking a buyer.
Chief executive Noah Lieske did not respond to questions by press time. However, sources say the vendor has stopped distributing data, while marketdatapeaks.com, a Web site set up by Exegy, Xasax and the Financial Information Forum to show peak data volumes across US exchanges has not been updated since mid-August, and
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