Symphony, the Markets Infrastructure Platform, to Supply Verified Listing for Monetary Providers Sector after Streetlinx Acquisition

Symphony, the market’s infrastructure and expertise platform, confirmed that it’ll now present a whole, safe and verified listing for the monetary providers sector because it has acquired StreetLinx, a counterparty mapping platform.

This acquisition provides greater than 200 institutional counterparties to the 1000+ establishments at present being served by Symphony.

Brad Levy, CEO at Symphony, said:

“As we speed up from listing to id options, Streetlinx brings Symphony a full spectrum of identity-verified funding professionals, together with portfolio managers, merchants, analysis analysts and gross sales groups that can enrich Symphony’s already established and energetic group of over half one million monetary professionals. We’re proud to proceed so as to add worth to our consumer group and the business as a complete.”

A safe, up-to-date and verified listing is a vital instrument in markets because it improves effectivity and lowers total threat throughout the board. Integrations between the Symphony and StreetLinx platforms at the moment are being launched, permitting customers to entry enhanced listing info, entitlement based mostly connections and content material distribution throughout numerous counterparties.

The mixed answer goals to offer standardization and entitlements to allow professionals to  join with the suitable counterparty, particular person or platform.

Gary Godshaw, CEO at StreetLinx, remarked:

“We based StreetLinx to modernize the alternate of organizational information and drive higher connectivity between counterparties. Whereas we knew the ache factors nicely, it was actually our shoppers who’ve led and formed the answer since day one. Becoming a member of Symphony is an ideal match for StreetLinx’s shoppers and for us as a crew.”

Gary added:

“Our mixed providing will develop the scope of purposes and enhance the breadth of use instances for our customers from entrance to again workplace. We’re thrilled to be becoming a member of such a powerful model and tradition. This deal merely formalizes what has felt like a partnership from the beginning.”

Levy beforehand famous that Symphony would buy, crew up with, or purchase belongings for the agency in addition to the business.

Symphony had acquired the dealer voice and digital communication supplier Cloud 9 Applied sciences in June of this 12 months. The acquisition has positioned Symphony to take a number one position in front-office communications with new providers combining dealer voice with pure language processing (NLP) and automation.

Final month, Symphony had additionally introduced that it had chosen Google Cloud as its principal Cloud supplier and intends emigrate its platform within the foreseeable future.

Marlin & Associates and Goodwin Procter LLP served as monetary and authorized advisers, respectively, to Symphony,

In the meantime, Broadhaven Capital Companions and Goodwin Procter LLP acted as monetary and authorized advisers, respectively, to Streetlinx for this deal. The monetary particulars of this transaction haven’t been shared publicly.