Fieldfisher advises S&P Global, a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets, on a strategic partnership and minority stake in Algomi, a fintech company with offices in New York, Hong Kong and London. Algomi is the second minority fintech investment this year for S&P Global, following its stake in Kensho. S&P Global will have a seat on the Algomi board.
Algomi is an innovative fintech company that has created a bond information network that enables buy side and sell side firms, as well as exchanges, to harness data to improve financial trading decisions via greater transparency and artificial intelligence-powered trade facilitation. Its technology empowers fixed income professionals to fulfill their targeted informational needs on both sides of a transaction by maximizing the relationships between salespeople, traders and investors over a suite of scalable software.
Tim comments “We were delighted to support S&P Global on their partnership with Algomi. This is an exciting partnership which will leverage the power of big data and artificial intelligence – a huge area in technology and the fintech arena. As a firm we have advised a number of companies in AI and robotic process automation in financial services and this work continues to grow."
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