Forefront Communications

The TRADE News: Market Data Platform Provider MayStreet Raises $21 Million in Funding Round

Forefront Communications

Forefront Communications

US-based market data specialist MayStreet has raised $21 million in a recent funding round, which was led by Credit Suisse Asset Management’s NEXT investors.

Founded in 2012, MayStreet provides a market data infrastructure platform that looks to help firms manage data requirements with low-latency architecture and full depth-of-book data for greater insights into how market operate.

Upon confirming the recent $21 million series A funding round, MayStreet said it would use the new capital to expand sales, develop products and globalise the market data infrastructure platform across asset classes.

“For firms across our industry – banks, quantitative investment firms, traditional asset managers, trading system vendors, etc. – the race is on to figure out how to most effectively extract value out of the ocean of market data that gets created each day,” said Patrick Flannery, CEO and co-founder of MayStreet. “From our standpoint, this is an incredibly exciting problem to solve, which is why we’ve worked so hard these past eight years to develop, in conjunction with some of the world’s most demanding users of market data, a sophisticated platform to do just that.”

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