Potamus, founded in 2012 and based in Boston, runs a low-latency, co-located trading platform targeted towards buy-side firms with large volume orders. It provides algorithmic execution and transparency to clients. The broker-dealer notes its aim with the platform is to cut down on execution costs.
Potamus would not disclose terms of the investment, but managing partner and chief technology officer Paul Govereau tells WatersTechnology that SBI approached them.
“SBI saw what we were doing with
Bloomberg's Gerard Francis comes on the podcast to talk about how data fragmentation issues are becoming more challenging.Subscribe to Weekly Wrap emails