GATE users will now have access to InfoEx’s thousands of real-time data streams which are already in use by institutional clients worldwide.
InfoEx analyzes investment and trading behavior and how users interact with the system, presenting relevant information feeds and tailor-made data sets to serve clients.
InfoEx CEO Dean Stamos will be the CEO of the new GATE InfoEx subsidiary, and additionally will serve as a senior member of the GATE Technologies management team.
GATE Technologies CEO Vincent Molinari said the combination of InfoEx’s powerful profiling and relevance technology in conjunction with the ability to deploy relevant third party information to investment professionals through InfoEx’s patent-published Indicast product will create the first actionable information trading forum.
"It has always been both firms’ positions that trading tools do not generate trades. Ideas do. We believe that through this transaction we are redefining the words ‘end-to-end’ by incorporating idea generation into the process," Molinari said.
Details of the transaction were not disclosed.
