This week: Genesis, SmartStream, MarketAxess, Allianz GI, and more
A summary of some of the past week’s financial technology news.
Genesis raises $45 million Series B
Low-code application platform provider Genesis has raised a $45 million Series B round led by Accel. GV, and Salesforce Ventures. Existing investors Citi, Illuminate Financial, and Tribeca Early Stage Partners also participated in the funding round.
Genesis will use the investment to grow the sales, marketing, and engineering teams. It will also help the firm expand into international markets like Asia-Pacific and further build its platform’s low-code/no
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Tim Baker, Pedro Aguayo, and a silent partner have come together to purchase IEX Cloud’s assets days before the exchange was to retire all its products on August 31.
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SS&C builds data mesh to unite acquired platforms
The vendor is using GenAI and APIs as part of the ongoing project.
Aussie asset managers struggle to meet ‘bank-like’ collateral, margin obligations
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Where have all the exchange platform providers gone?
The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.
