27 March 2015

Icap launches fintech incubation vehicle

09 March 2011  |  7527 views  |  0 20 pound note

Interdealer broker Icap has launched a vehicle to provide seed funding to new companies developing technology for post-trade risk management, data and other financial market applications.

As well as money, Euclid Opportunities provides an "acceleration program" offering tailored support and guidance through a network of advisors, domain experts, mentors and market practitioners.

With regulatory reform driving demand for new approaches, the service will help Icap stay at the cutting edge of post-trade technology, says the firm's portfolio risk services CEO Mark Beeston.

Steve Gibson, MD, Euclid Opportunities, adds: "Euclid will bridge the gap between underfunded technology innovators and the needs of stakeholders in today's financial markets. We believe the creativity, talent and ambition that exists in many start-up enterprises can be nurtured and supported to provide a number of groundbreaking financial technology success stories."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

31 August, 2010
21 December, 2009

Related company news

 

Top topics

Most viewed Most shared
Banking has reached a digital tipping poin...
9172 views comments | 52 tweets | 30 linkedin
Google preps Gmail bill payment feature
4288 views comments | 13 tweets | 12 linkedin
Europe sets the pace as fintech investment...
4182 views comments | 24 tweets | 19 linkedin
Barclays and PayPal join Government ID acc...
4066 views comments | 10 tweets | 11 linkedin
Credit Suisse paper offers qualified bitco...
3967 views comments | 5 tweets | 9 linkedin

Featured job

to $175k base, double OTE, benefits
New York City, NY (USA)

Find your next job