Euclid Opportunities invests in Model Two Zero

18 January 2012


London – 18 January, 2012 – Euclid Opportunities, ICAP’s early stage financial technology project, today announced the completion of an investment in London-based software firm Model Two Zero.

Model Two Zero is an early-stage company pioneering the next generation of innovative matching, reconciliation and data-translation technologies. A growing number of Model Two Zero clients are now using this technology to validate efficiently, enrich and reconcile volumes of complex trading and transactional data.

Christian Nentwich, CEO, Model Two Zero, said, "It is clear that our technology has the potential to lead to revolutionary improvements in post-trade business processes. Working with Euclid, ICAP and leading market participants now gives us the opportunity to build scale and solve the hard and persistent problems that still keep operations professionals awake at night."

Steve Gibson, Managing Director, Euclid Opportunities said, "We are very pleased to support Model Two Zero in the next stage of their impressive story. This investment allows the company to develop further their market-leading technology to provide a valuable range of new reconciliation services in the post-trade arena".

Mark Beeston, CEO, Portfolio Risk Services at ICAP, added, "Global regulatory initiatives are driving demand for a range of powerful and efficient reconciliation services across a number of business areas. This investment is another step as we continue to provide our clients with the industry's best and most innovative post-trade services".

For further information please visit www.euclidopportunities.com

Contacts:

Brigitte Trafford  ICAP Director of Corporate Affairs  +44 (0)20 7050 7103Candice Adam   Argentus PR                    +44 (0)20 7397 2915


About Euclid Opportunities

Euclid Opportunities offers a seed-funding program to early-stage companies that provide innovative technology in the areas of post-trade risk management, data and other financial market applications. Euclid Opportunities is majority owned by ICAP plc, and forms part of the post trade division of ICAP, which also comprises TriOptima, Traiana, Rematch, Reset and ICAP Information Services. ICAP is the world's leading voice and electronic interdealer broker and provider of post trade risk and information services. For further information please visit www.euclidopportunities.com

About Model Two Zero

Model Two Zero was founded with the aim of developing technology components to help companies build next generation transactional data architectures. Some of the world’s largest financial institutions trust our software to validate, transform and reconcile across global trading environments. For further information please visit www.modeltwozero.com.



Contact Us

Bryony Scragg
Head Of Media Relations
bryony.scragg@nex.com +44 20 7818 9689 LinkedIn
Bryony scragg
Casey Sheets
Media Relations (US)
casey.sheets@nex.com +1 212 521 4627 LinkedIn
Casey Sheets

RELATED NEWS

Loading related stories.
RESOURCES

RESOURCES

Browse media and documents
which are available to download.

Images & Video
INSIGHTS

PRESS COVERAGE

Keep up with the latest coverage
of NEX and its industry experts.

See all articles