Solve Advisors Expands Overseas with New London Office, Brings Fixed Income Price Transparency to Europe
NEW YORK, Aug. 25, 2020 /PRWeb/ —
Solve Advisors, a leading provider of pre-trade price transparency in fixed income markets, announced today it has opened an office in London, UK. Co-Founder and CEO Eugene Grinberg and CFO Joseph Plastina have been named Directors of the UK entity. Adding the European market will grow Solve’s global coverage of securities, and is made possible by a previously announced investment from Credit Suisse Asset Management’s NEXT Investors, a leading Fintech growth equity group. “With our European market coverage growing by the day, now is the time to establish a team to service this market,” said Grinberg. “Our partners at NEXT Investors are very excited to see us bringing our global datasets to European institutions and service providers.”
The expansion is being led by Simon Crabb, Head of Business Development for EMEA, who will be reporting to Michael Pascuma, COO and Global Head of Business Development. Mr. Crabb said, “We are excited to bring Solve Advisors’ solutions to the European Market. Solve prides itself on accurately aggregating fixed income pricing data, helping drive smarter pricing decisions, and disseminating that data across firms. Built on a foundation of accurate message parsing, Solve market data will power European markets to execute at the best levels and improve each firm’s bottom line.”
Founded in 2011 in New York, Solve Advisors’ mission is to address data fragmentation and lack of transparency in the bond markets. Solve, which is headed by Co-Founders, Eugene Grinberg and Gerard Nealon, has developed the largest dataset of real-time bids, offers and market colour across Global Securitized Products, Corporate Bonds, Syndicated Bank Loans, Credit Default Swaps and Municipal Bonds. The company’s flagship product, SolveQuotes, utilized proprietary Natural Language Processing and Machine Learning technology to aggregate and visualize millions of daily data points by parsing clients’ unstructured messages. The resulting data is used by its buy-side, sell-side, accounting and valuation firm clients for price discovery, trade idea generation and to streamline analysis.
As part of recent investments, Solve has launched new views for Spec Pool trading, further enhanced monitoring of BWICs and Dealer Inventory, and enriched its APIs and integrations with leading analytical platforms. These enhancements ensure Solve Advisors will be the leading bond pricing software for years to come. Adding the European market will further expand global coverage of securities, and provide market colour on thousands more fixed income bids and offers.
Director of Marketing, Solve Advisors
Solve Advisors Inc.
Solve is a New York-based financial technology firm founded in 2011 and is a leading provider of market pricing in fixed income markets. Across Structured Products, Corporate Bonds, Syndicated Bank Loans, CDS, and Municipals, the SolveQuotes platform aggregates real-time bids, offers, BWIC price talk and covers, amongst other market data, helping to provide unparalleled price transparency. The powerful workflow tools eliminate the hassle of the BWIC process, consolidate dealer inventories, and streamline month-end for the back office. The Solve team, headed by Co-Founders Eugene Grinberg and Gerard Nealon, has extensive expertise and passion for financial markets and developing innovative technology. Further information about Solve Advisors can be found at www.solveadvisors.com.
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