LDC, the private equity arm of Lloyds Banking Group, has made a “substantial” investment in Etrading Software, a capital markets technology company.
Based in London, Etrading Software specializes in providing market and reference data for use by international financial institutions. It is the leading service and technology he provider of the Derivatives Services Bureau (DSB), the global numbering body for OTC derivatives.
The company was recently expanded in its role at the DSB and was given to the department to operate a service that generates unique product identifiers (identifiers that enable regulators in G20 countries to aggregate and track OTC derivatives trading data). now includes new permissions.
This investment will support Etrading Software as it seeks to expand its range of services and expand its offering internationally.
LDC investment director Joseph Fison said:
The company’s expertise in operating critical market infrastructure provides the perfect platform to help public authorities and market participants meet future regulatory obligations, such as market data consolidation tapes. ”