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UNX secures funding from Goldman Sachs and Vernon & Park

UNX, a provider of trading technology solutions, has secured funding from Goldman Sachs and Vernon & Park Capital to develop its electronic trading products.

The firm has also appointed Thomas Kim as chief executive officer.

The new funding will support the enhancement of UNX’s broker-neutral electronic trading products and services, including its Catalyst portal and execution management system. It will also fuel development of the firm’s open technology platform, which allows for seamless integration between the buy side and sell side.
Kim, a veteran in electronic trading, most recently served as a managing director at Lehman Brothers and head of the Townsend Analytics trading services business. Prior to that, he was the chief operating officer of TradingScreen, an execution management system provider.
“The US equity markets have undergone significant changes in the last 18 months, which has created tremendous opportunities for an open and flexible technology trading solution such as the Catalyst EMS,” says Kim. “The dynamic nature of our technology means that UNX can provide nimble, customisable and meaningful solutions that will change the global EMS landscape. I am honoured to join the UNX team, and am eager to work with UNX’s clients and partners during this exciting period of evolution.”
“The electronic trading marketplace is undergoing material transformation that demands new technologies that can keep pace with the rapid speed of market evolution,” adds Steve Brodsky (pictured), managing director of Vernon & Park Capital. “We are extremely enthusiastic about Catalyst, as it aims to redefine workflow between the buy side and the sell side in an open and cooperative manner. We are delighted to have Thomas on board to lead the company into a new period of growth and global expansion.”

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