Euroclear, the Belgian settlement house that sits at the heart of financial markets, is set to invest in a London-based technology company that wants to improve bond market liquidity, according to two people with knowledge of the matter.
Euroclear, which settled €733tn of securities transactions in 2017, is poised to announce that it has agreed to take a stake in Algomi, which was founded by a team of former UBS bankers in 2012, the people said. Spokesmen for Algomi and Euroclear declined to comment.
