Tech Ticker…
Pneuron Gets $6M for Neural Cloud Technology
March 5, 2013
Pneuron’s neural nodes for cloud computing gets backing from Safeguard Scientifics. Tradingscreen integrates Econoday content into Tradesmart. ConvergEx Group releases new suite of algorithms. FTSE and TMX Datalinx create a new global fixed income index business.
Pneuron: The creator of database applications that can be dispersed through the cloud using software nodes received $6 million in Series B Financing from Safeguard Scientific. Pneuron also received an additional $1 million from existing investor Osage Venture Partners.
The company supplies a suite of high-performance “pneurons” that enable enterprises to build, deploy and distribute analytics, applications and operating models on multiple systems on multiple networks. In effect, Pneuron takes the analytical elements to the data, rather than having to take and ingest the data at a central point.
Safeguard acquires a 27.6% primary ownership stake in Pneuron and holds two of seven seats on Pneuron’s board of directors.
TradingScreen: The provider of trading and investment technology as online services has integrated content from Econoday, a top economic analysis firm. Econoday’s team of experienced economists provides alerts on upcoming economic announcements, and jargon-free analysis of their potential market impact.
The partnership gives users of TradingScreen’s TradeSmart's execution management system free access to the Econoday economic calendar, as well as new and historical reports for a fee. Econoday provides access to a calendar of major economic announcements, providing consensus predictions of results. Clients can also receive access to in-depth reports from Econoday’s team of seasoned economists, and access to a robust database of reports spanning more than a decade through a premium channel. Econoday’s depth and ease-of-access allows users to explore historical parallels by statistic, by timeframe, and by geography.
ConvergEx Group: LiquidPoint, its options technology business, has released a new suite of algorithms designed to help traders automate their multi‐leg options trading strategies. Modeled after its high performance single leg algorithms, the new LiquidPoint multi‐leg suite includes Complex Order Book Sweep, Reserve, Hidden and Pulse strategies.
Traders now also have the ability to have this suite of algorithms intelligently interact with liquidity in NXP, LiquidPoint’s listed‐options liquidity pool.
FTSE Group and TMX Group: The two firms have signed a definitive agreement to combine their fixed income index businesses in a new joint venture. FTSE TMX Debt Capital Market The new business will be the third largest fixed income exchange traded fund (ETF) index provider globally. Together these indices are used as benchmarks for more than C$1 trillion in fixed income assets.
TMX Datalinx is TMX Group’s information service division. Its fixed income index business, PC-Bond, will be combined with FTSE’s existing international fixed income index business upon completion. PC-Bond is the leading provider of fixed income indices in Canada; FTSE is a leading provider of fixed income indices in the UK.
