Moneyline completes $36 million funding round

Moneyline completes $36 million funding round

Capital markets ASP Moneyline has completed a $36 million round of funding comprising major investments from Accel Partners, Bank of America, Comdisco, Garban-Intercapital, Global Crossing and Merrill Lynch.

The two-year old New York-based firm says the funding round re-affirms market demand for hosted application services for transactional and data delivery solutions. Moneyline customers are able to receive and distribute proprietary information from a host of third-party sources without the expense of dedicated terminals.

"This powerful combination of investors includes the world's largest dealer, the world's largest inter-dealer broker, America's largest bank and the world's most significant global fiber network provider. Combined, these firms provide a significant impetus for our business mission," says Jon Robson, president and CEO, Moneyline. "Moneyline shareholders now include content consumers, benchmark pricing sources and a network infrastructure that will help Moneyline support market demand for end-to-end solutions that combine real-time content distribution with transactional capabilities."

Christiane Mandell, head of global corporate and investment banking e-commerce for Bank of America says that Internet-based delivery of market data, client content and transaction systems via Moneyline will help the bank to provide comprehensive services to customers while keeping a lid on costs.

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