Data Synapse has completed a $15 million round of financing to expand its sales and technology efforts. Led by Bain Capital Ventures, First Union eVentures and Intel Capital have also joined as new investors. Other first round investors include Neocarta Ventures, the New York City Investment Fund, Silicon Alley Venture Partners, Wand Partners and investors active in the New York community. In addition, Data Synapse announced that First Union has become its first customer, while it

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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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