This deal follows the sale of a 20 percent stake to Netherlands-based market maker IMC Financial Markets last year (IMD, Sept. 1), and concludes McKay's initial round of outside equity funding, officials say. The investments will allow McKay to accelerate its ongoing effort to reduce network latency on the vendor's long-haul microwave routes. In both instances, McKay did not disclose financial details.
In a statement, McKay co-founder Stéphane Tyč says the funding will enable McKay to invest "m
Victor Anderson, editor-in-chief of Waters, joins the podcast to discuss Temenos’ potential acquisition of Fidessa.Subscribe to Weekly Wrap emails