Top Banks, Hedge Funds Buy Perzo Messaging Platform for $66M

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The communication platform will be rolled out in mid-2015, according to a blog post by David Gurle, former chief executive of Perzo, who has been appointed CEO of Symphony.

Also in 2015, Symphony will make the platform available to the general public, and will make key components of the platform openly available via the Symphony Foundation.

The 14 investors include Bank of America Merrill Lynch, BNY Mellon, BlackRock, Citadel, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Jefferies, JP

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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