MDX Tech Completes ‘Seven-Figure' First Funding Round

The vendor will use the undisclosed sum to expand into new sectors and geographies, and hire more staff.

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MDX currently focuses on real-time market data connectivity services for traders, developers and market data professionals in investment banks, brokers, proprietary trading firms, hedge funds, investment managers, and software development companies. However, the vendor is now looking to expand into other sectors, such as energy and commodities, after signing commodities trading and logistics company TrailStone earlier this year.

MDX will also use the funding to expand to other regions. The UK

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