MDX Technology acquires Iceflow Technology Limited, a low-code/no-code SaaS workflow solution for financial institutions

15th June 2022 – London – MDX Technology (MDXT) today announces the acquisition of Iceflow Technology Limited. Iceflow enables users to build workflows on-the-fly, circumventing congested development queues. Proof of Concepts (POCs) can be set up within days and deployed very quickly due it being a low-code/no-code SaaS platform. Iceflow has been developed by Graham Denyer, ex-IHS Markit and architect of the original Markit EDM solution, Graham will join MDXT as CTO.

Graham comments. “Iceflow is the culmination of 20 years’ experience in building financial services workflow solutions. The tool has been specifically designed to solve some of the pressing requirements that a lot of institutions struggle with such as post-trade processes, compliance workflows, KYC and more. Once MDXT and Iceflow are fully integrated, clients will be able to do even more with their data and benefit from enhanced cross-platform, real-time data distribution capabilities driven by complimentary workflows.”

Nigel Someck, CEO at MDXT comments. “We are excited to welcome Graham and his team. MDXT has over 35 customers across the financial services landscape and all of them are looking to automate as many of their manual processes as possible. Often, opportunities are missed due to crippling development lead times, Iceflow is the perfect solution enabling them to rapidly build and deploy integrated workflows in days. We already have one client who is adopting Iceflow to augment the capabilities which MDXT delivers, I am certain there will be many more to come.”

Gottex, the Swiss based brokerage company, delivering market-leading data content for the Swiss, and Scandinavian foreign exchange and rates market has announced to join forces with oraise. The new service offering is based on the technology of oraise’s SnapFlux Suite of products giving customers direct access to Gottex data in their system landscape of choice.
In a transparent and reconcilable way, data can be accessed in a frequency and quality as desired and needed by the end-users and contracted with XData, the data providing subsidiary of GOTTEX without intermidiary.

Pierre-Antoine Saucier, Partner and COO of GOTTEX Brokers comments:
“Within our XData division we are constantly looking to increase our footprint and market share. Efficient and flexible service offerings support this approach. The collaboration with oraise will enable us to provide significantly better value for our existing and new customers alike.”

“Brokers and Specialist Data providers are increasingly looking to market their data offering directly to their customer base. We are happy to support GOTTEX Brokers with our technological offering to facilitate this attractive and highly flexible service”, adds Dietmar Grün, Partner and Head of Sales and Marketing at oraise.

About GOTTEX Brokers:

Gottex Brokers is a bespoke interbank and institutional broker, specializing in over-the-counter (OTC) interest rate derivatives in a variety of currencies. With over thirty years’ experience in providing our customers with an elite and tailored service, Gottex remains at the forefront of technological innovation and development in the ever-changing marketplace for interest rate derivatives and fixed income. As the global reference for Swiss Franc interest rate derivatives, and the number one in the Scandinavian markets, we offer unrivalled, customized solutions to our clients, while maintaining the highest levels of professionalism and integrity. Gottex is rapidly expanding its business and once again has a lake view of the markets from Horgen, Zurich

About oraïse

oraïse is a specialized IT service provider for the financial market. Leveraging our ISO 27001 certification of the IT service providing areas, we can also offer our customers the support of significant outsourcing of their IT processes. Our innovative solutions enable financial market participants to use information technology more efficiently, in more flexible ways and, most importantly, successfully.

Xmon tracks reference data requests and can validate them against a defined set of cost and/or volume-based rules. Xmon’s powerful rule engine applies controls at both the organization and user level as well as all levels in-between. It allows for proactive data access management to be implemented. Read more.

London Stock Exchange Group (LSEG) announces that it has signed an agreement to acquire MayStreet, a leading market data solutions provider.

Founded in 2012, MayStreet provides high-quality global low latency technology and market data to over 65 industry participants, including banks, asset managers and hedge funds. MayStreet has an existing commercial partnership with LSEG to support LSEG’s Real-Time Direct feed offering. It has also served as a market data provider to the SEC’s Market Information Data Analytics System (MIDAS) since 2019.

Read more.

Global spending on financial market data hit another new record in 2021 – an important milestone for exchanges and end-users alike. Euronext leverages INFOmatch to improve customers’ user experience for onboarding, product ordering, usage reporting, compliance monitoring and self-servicing. Read more.