New York, NY (PRWEB) August 02, 2016
FixtHub CEO Brian Lane announces that the New York-based technology company has closed a Series A financing transaction with Cerium Technology, a leading venture capital firm. The investment will accelerate FixtHub’s plans to develop a new generation of fixed income technology specifically designed to decrease information fragmentation and improve data flow to market participants. "We are very excited to receive funding from Cerium Technology. They see the same potential for dramatic growth in the market that we do. They have a strong commitment to innovative technology, and their knowledge and experience in growing startups swiftly into major companies is going to be invaluable to our success."
FixtHub is developing their debut product, which will take advantage of data issues in fixed income markets. Data has increasingly become problematic in fixed income, which has been exacerbated by the effects of balance sheet decline, increased regulation, reduced margins and market illiquidity. FixtHub utilizes data analytics technology to connect users across the market. “FixtHub uses data to understand users’ interests, and then translates that data into user-specific, actionable streams of intelligence," said Lane.
Further, Lane says, "Information in fixed income markets has become so fragmented that participants are unable to have any real insight. Every market participant, whether a dealer, buyside firm, ATS or data provider has either side of one fundamental issue: How do we drive more traffic to our valuable content, or how do we find the right content amongst the noise? The market suffers from a lack of liquidity, but the truth is that there are innumerable liquidity opportunities that exist and are never found. With technology, we can solve that.”.
“FixtHub has developed a truly unique approach using big data analytics to improve fixed income liquidity. We believe that FixtHub is well positioned to become the market leader and we are committed to providing resources to make the company highly successful” said Eldon Klaassen, Managing Director at Cerium Technology, who has been appointed Chairman of the Board. Klaassen has more than 35 years’ experience as a successful entrepreneur, innovator, and investor in financial technology.
FixtHub is an enterprise software firm focused on aggregating and providing intelligence on the many disparate sources of information in fixed income markets. Its proprietary SaaS technology addresses the needs of buy side and sell side participants in institutional fixed income markets. FixtHub is based in New York City. For additional information, visit http://www.fixthub.com
About Cerium Technology
Cerium Technology is a venture capital firm that invests in early stage companies providing technology for energy or capital markets. With an investment focus on seed and early stage financing, Cerium enables entrepreneurs to execute on their vision. Based in New York and Dallas, the firm brings decades of experience building technology companies, and provides the operational expertise to transform great concepts into the successful enterprises of the future. For additional information, visit http://www.cerium-technology.com.