Boston, March 13, 2014 – The 2008 credit crisis drastically curtailed capital markets technology spending over the last five years, devastating financial technology vendors and leading to a series of consolidations. Against this bleak backdrop, innovative new startups focused on leveraging the latest cutting-edge technology, relying on the open-source community, and embracing transparency hold the key to the next revolution in capital markets technology. Whether these startups can make themselves viable, their technology and intellectual property will underlie the next generation of market growth.
Based on November 2013 to January 2014 Aite Group conversations and surveys with vendors, clients, and brokers, this Impact Report reveals commonalities among capital markets startups and profiles 13 new firms that could bring about the next revolution in capital markets technology: AlphaSense, Duco, EquaMetrics, Estimize, Genscape, MarkLogic, Novus, OpenFin, Quandl, Quantopian, Robinhood Financial, Tangent Data Services, and TIM Group.
This 42-page Impact Report contains seven figures and three tables. Clients of Aite Group's Institutional Securities & Investments and Wealth Management services can download this report.