- Etrading provides market and reference data used by international financial institutions
- LDC plans to help the firm grow its services range and geographical footprint
- Etrading is the primary service and tech provider to the Derivatives Service Bureau
LDC made a “significant investment” in capital markets technology firm Etrading Software, the private equity company announced on Monday.
Etrading provides market and reference data used by international financial institutions. It is the primary service and technology provider to the Derivatives Service Bureau, the global numbering agency for over-the-counter derivatives. The firm also provides software to multinational corporate loan market participants. It is headquartered in London.
LDC’s investment aims to support the expansion of Etrading’s technology-enabled services range and grow the firm internationally. The existing management team, led by CEO and founder Sassan Danesh, will stay in place.
“Etrading Software’s market-leading proposition has made it an integral part of the capital markets ecosystem,” said Joseph Fison, LDC investment director, who led the deal with support from Alex White and Francesca Speke, in a statement. “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.”
LDC is the private equity arm of Lloyds Banking Group and has a UK-wide network of regional offices. It has committed to invest in at least 100 mid-market businesses over the next five years and has a portfolio of 90 business across the UK.
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