Logicscope Closes US Office

ORGANIZATION AND STRATEGY

Logicscope, a London-based company that specializes in the messaging and integration of market data and financial transactions, has closed its New York office due to the slowdown in the financial IT sector.

The company had hoped to work more closely with its established client base in the US as well as gain new US clients, but sources say the economic recession and slow business in the financial technology sector in particular prevented its expansion.

Logicscope opened the office only a year