MDX Technology Captures Cool Code via Iceflow Acquisition

Iceflow has been developed by Graham Denyer, ex-IHS Markit and architect of the original Markit EDM solution. He will join MDXT as CTO.

London-based MDX Technology (MDXT) has bought Iceflow Technology to give it access to a low-code / no-code SaaS workflow solution for financial institutions.

According to MDXT, Iceflow has been developed by Graham Denyer, ex-IHS Markit and architect of the original Markit EDM solution. He will join MDXT as CTO.

Iceflow was only incorporated in February this year. It’s based in St Albans and has no website. Denyer’s profile on LinkedIn doesn’t even mention it. Although, he does note his Technical Adviser role at MDXT since September 2021.

Earlier this year, MDXT secured undisclosed investment from ex-IHS Markit executives, with Denyer one of the names in the group.

The tables seemed to have turned slightly, and Denyer comments about the acquisition: “Iceflow is the culmination of 20 years’ experience in building financial services workflow solutions. The tool has been specifically designed to solve some of the pressing requirements that a lot of institutions struggle with such as post-trade processes, compliance workflows, KYC and more.”

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There are no financial details about the deal, but it seems jobs are safe as Nigel Someck, CEO at MDXT, adds that “we are excited to welcome Graham and his team”. MDXT has 24 employees listed on LinkedIn.

Fintech firm MDXT provides market data solutions for the trading sector. It has over 35 customers across the financial services sector.

These include tier one banks, brokers, trading venues and buy-side firms – such as TP ICAP, HSBC, MarketAxess, Marex, ICE and Royal Bank of Canada.

According to MDXT’s site, it has 1,300+ users and 50+ pre-built connectors.

MDXT is headquartered in London, with offices in North America and representation in the APAC region. It was founded in 2010.

Antony Peyton
Antony Peyton
Antony Peyton is the Editor of eWeek UK. He has 18 years' journalism and writing experience. His career has taken him to China, Japan and the UK - covering tech, fintech and business. Follow on Twitter @TonyFintech.

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