Settlement giant Euroclear invests in Algomi

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The Belgian settlement house Euroclear has invested an undisclosed amount in the fixed income liquidity matching firm Algomi.

With the investment, the company looks to tap into the market for illiquid fixed income securities by providing clients with the ability o query bond holdings anonymously through Algomi’s data aggregation service.

Peter Golder, CEO of Euroclear Information Solutions says, “Our investment in Algomi is driven by client demand to access untapped liquidity pools. This venture represents an opportunity to transform our data into an asset to increase transparency and provide a substantial boost for global fixed income markets.”

Along with Euroclear, early investors Euronext, AllianceBernstein and S&P Global also contributed alongside prominent angels Peter Glocer and Howard Edelstein.

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