21 August 2017
Find out more

HyperFeed receives Pico cash boost

22 August 2002  |  3436 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)
download the paper nowvisit www.worldpaymentsreport.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10219 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8554 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
8302 views 0 | 3 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8228 views comments | 10 tweets | 7 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
7506 views comments | 15 tweets | 14 linkedin