CodeStreet
Financial infrastructure software.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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CodeStreet LLC provides financial infrastructure software tailored for capital markets and the financial services industry. Founded in 2003 by Howard Pein, who also served as the CEO, the company established its headquarters in New York, NY, with an additional office in London. CodeStreet operated in the financial software sector, delivering solutions to top global financial institutions, investment banks, and leading hedge funds.
The company's business revolved around developing and marketing technology for market data management, algorithm testing, and quality assurance. Its product suite was designed to simplify the complexities of market data for developers, administrators, and analysts working with real-time electronic trading systems. A key offering was Market Data Works, a comprehensive set of tools that included Market Data Studio for simulating market data environments for testing, Market Data Warehouse for storing historical data, and other services that helped reduce development costs and risk. CodeStreet's software assisted financial institutions in identifying trading opportunities, managing workflows, and enhancing the quality of trade execution. The firm's revenue was generated by selling these specialized software products and development services to its institutional client base.
In March 2016, CodeStreet was acquired by Tradeweb Markets, a prominent operator of global fixed-income and derivatives marketplaces. The acquisition was a strategic move for Tradeweb to integrate CodeStreet's data-driven trade identification and workflow management tools into its electronic corporate bond trading platform. This integration aimed to provide buy-side investors with better liquidity sourcing and enhanced workflow management for liquidity providers. Prior to its acquisition, CodeStreet had secured funding from several venture capital firms, including Cerium Technology Ventures, DTI Capital, and Great Oaks Venture Capital.
Keywords: financial infrastructure software, market data management, fixed income, algorithm testing, quality assurance, financial technology, capital markets, trade identification, workflow management, electronic trading, liquidity discovery, data-driven trading, corporate bond trading, financial software, replay service, Howard Pein, Tradeweb Markets, sell-side, buy-side, institutional trading, development tools