Transactplus Gets Ready for Production, Prepares for TDN War
NETWORKS AND INFRASTRUCTURE
SAN FRANCISCO--Transactplus, an independent company spawned by JP Morgan's Labmorgan unit, is preparing to sell its transaction delivery network (TDN) to securities firms. The company has closed its second round of funding, led by JP Morgan Chase, which will infuse it with an additional $10.5 million as it prepares to go into full production in June. Currently, JP Morgan Chase and S1 Institutional are previewing the network.
The Transactplus network has been developed leveraging JP Morgan's
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