Algomi Expands into Custody Market with BNY, HSBC Deals
After a rocky finish to 2016, the London-headquartered fintech firm appears to have stabilized and is looking to the future.

The partnership will allow buy-side firms dealing in illiquid instruments to receive Algomi’s trading intent signals when a bond they hold transacts in the market—effectively alerting them to liquidity, but without exposing that information to the wider market.
Stu Taylor, CEO of Algomi, tell WatersTechnology that both HSBC and BNY Mellon have around $25 trillion in bonds in custody, out of a universe of over $80 trillion, which provides users with unprecedented and controlled access to
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