19 October 2017
visit www.avoka.com

HyperFeed receives Pico cash boost

22 August 2002  |  3472 views  |  0 HyperFeed receives Pico cash boost

US market data vendor HyperFeed Technologies has secured a $305,000 cash infusion from the exercise of warrants by principle shareholder Pico Holdings.

In accordance with the terms of the warrants, Pico acquired 949,032 shares of HyperFeed common stock at $0.3215 per share, raising its total stake in the company to 44.3%.

Jim Porter, HyperFeed's chairman and CEO, describes Pico's continued interest as a vote of confidence in the direction of the company.

John Hart, president, CEO and director of Pico, says the investment was made on the back of favourable feedback from proprietary trading firms as to HyperFeed's speed and accuracy advantages during volatile trading condistions.

He adds: "These factors combined with HyperFeed's initiative to aggressively pursue new and expanded markets...encouraged us to exercise options at this time."

HyperFeed recently appointed Paul Pluschkell as executive vice president with a mandate to structure agreements and partnerships to place the vendor's core ticker plant technology with large financial institutions.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

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

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15496 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8691 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8310 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7762 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6954 views comments | 9 tweets | 17 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job