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Fintech

Icap buys hedge fund analytics startup in fintech push

Michael Spencer's interdealer broker brings fintech startup it has invested in since 2013 into the fold

New York-based Enso has gone from portfolio investment to fully-fledged subsidiary of Icap
New York-based Enso has gone from portfolio investment to fully-fledged subsidiary of Icap

Icap has acquired a New York-based startup that provides data analytics tools to hedge funds and prime brokers, in which the interdealer broker has been an investor since 2013, as it seeks to grow its fintech offering.

The acquisition of Enso Financial Analytics, for an undisclosed amount, was led by Icap's fintech strategic investment arm Euclid Opportunities, the company said in an April 14 statement.

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