Bankruptcy
Blockchain startup Symbiont files for bankruptcy
Clients included American Century, Citi, State Street and Vanguard
Money.Net returns, plans launch of new terminal in early 2022
Last year, the low-cost data vendor filed for—and emerged from—Chapter 7 bankruptcy protection after facing financial woes and a lawsuit from former investors. This new iteration will be led by several execs from broker Gain Capital.
Ex-Gain Capital CEO pays $1M for bankrupt Money.Net assets
Stevens may plan to give Money.Net a new lease of life targeting wealth management clients.
Waters Wrap: The looming data storage wars (And Bloomberg killers)
Anthony first looks at the data storage space, explaining that fees are likely to increase for buy- and sell-side firms in the near-term. He also wonders if there’s a market in the terminal/workstation space for innovative startups to gain traction. As always, feedback is welcome.
Money.Net files Chapter 7 bankruptcy amid lawsuit
Despite a series of ambitious content expansion projects and senior hires, the low-cost vendor failed to win over institutional clients.
With the Slow Drip of Bad News, Liquid Holdings Fights One Last Battle
The OEMS provider held huge promise, but it evaporated almost as quickly.
Behavioral Indicator Vendor Titan TA Closes
Titan Trading Analytics, the Edmonton, Canada and Atlanta, GA-based provider of trading signals based on behavioral analytics, has shut down as a result of “financial difficulties” and an inability to meet its financial obligations, Inside Market Data…