Gate Technologies today announced the acquisition of InfoExchange ("InfoEx").
The acquisition is yet another move on GATE's part to build a world class electronic environment for the trading of alternative assets, extending the reach of its platform to include relevant content for transactions. Additionally, the acquisition deepens the GATE Technologies management team with seasoned financial services executives.
GATE users will now have access to InfoEx's thousands of real-time data streams which are already in use by institutional clients worldwide. InfoEx analyzes investment and trading behavior and how users interact with the system, presenting highly relevant information feeds and tailor-made data sets to serve clients.
"The combination of InfoEx's powerful profiling and relevance technology in conjunction with the ability to deploy relevant third party information to investment professionals through InfoEx's patent-published Indicast product will create the first actionable information trading forum," said GATE Technologies CEO Vincent Molinari. "It has always been both firms' positions that trading tools do not generate trades. Ideas do. We believe that through this transaction we are redefining the words 'end-to-end' by incorporating idea generation into the process."
The combination of GATE and InfoEx will allow users of both platforms to be surrounded with relevant products such as restricted securities and warrants. This unique format may dramatically decrease the barrier to entry to trade in these assets, thereby empowering the client to capture alpha immediately.
"InfoEx has always been about neutrality and providing clients with important, relevant and timely information," said InfoEx CEO Dean Stamos. "Through GATE, we will be able to add tangible financial instruments to our already broad inventory of information allowing clients to not only consume information but to act on it. We are excited at the value we can collectively deliver to the marketplace."
Mr. Stamos will be the CEO of the new GATE InfoEx subsidiary, and additionally will serve as a senior member of the GATE Technologies management team. Details of the transaction were not disclosed.