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LDC’s investment will cement our position as one of the leading technology providers to global capital markets. One immediate benefit is to strengthen our proposition for creating a Consolidated Tape market data infrastructure for increased market transparency in the UK and Europe.”

Sassan Danesh, CEO
Etrading Software

Grant Wilson, Managing Director of Etrading Software, said, “I am excited to be focusing on expanding Etrading Software services in the loans business through our partnership with Coefficient Markets. Coefficient leverages Etrading Software’s technology development, platform business management, as well as our deep knowledge and expertise of the financial markets, to deliver intuitive front office solutions that can be seamlessly tailored and scaled across use cases.”

Joseph Fison, Investment Director at LDC, added: “Etrading Software’s market leading proposition has made it an integral part of the capital markets ecosystem. Its expertise in operating critical market infrastructures gives it the perfect platform to support public authorities and market participants in implementing future regulatory mandates such as a consolidated tape for market data. We look forward to working with the team as they embark on the next stage of their growth journey.”

LDC was advised by PwC (Corporate Finance), Goodwin Procter (Legals), RSM (Financial and Tax Due Diligence) and ICAG Partners (Commercial Due Diligence). Etrading Software was advised by Norton Rose Fulbright, Quantuma, Rickard Luckin and D.A. Davidson.