Alphalion and ETD join forces
Hong Kong based technology provider Alphalion, strikes derivatives data deal with ETD.
Today, Hong Kong based Alphalion, a supplier of innovative technology to the capital markets financial sectors, confirmed its strategic partnership with ETD, who will provide reference data sets for Alphalion’s derivatives platform. ETD’s core reference data sets have been integrated within the Alphalion middle and back office platform and can be permissioned for each new Alphalion client, with a range of licensing options available to reflect intended use.
ETD’s powerful community data model will be further enhanced through this strategic alliance with Alphalion. Alphalion’s platform provides a full and cohesive solution, where the onboarding process can be expedited, is cost effective operationally, while requiring minimal infrastructure and technology resources of its clients. Its aim is to challenge, disrupt and innovate the industry and help forge a new methodology, catering for the industries fast paced and ever-changing future.
In a statement, Managing Director of ETD, Mark Woolfenden, said "I am delighted to confirm this strategic partnership with Alphalion, which is a result of many months of robust due diligence by teams of both parties, which successfully concluded this month. Alphalion’s ambitions to shake up the existing marketplace for capital markets technology, initially focusing on the Asian market, fits perfectly with ETD’s plans to grow its reference data business in the region”.
Alphalion’s CEO, Lou Wang, said “We are pleased to partner with ETD. Asia is a fast-growing market where we see great demands for innovative products – ETD’s data model will empower our client with comprehensive and reliable data sources, enabling them to achieve higher degree of automation of their operational process through Alphalion’s next-generation middle and back office platforms.”
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