Algomi
Acquired1 known investors
Algomi built software aggregating pre-trade data to help banks and asset managers find liquidity in fixed income markets.
Also known as Algomi Ltd
Investors · 1
Company profile
researched Aug 2026Algomi was a financial technology software company serving fixed income market participants. Its products aggregated data, analysed pre-trade information and facilitated execution to improve workflow and liquidity discovery in bond markets. Its Honeycomb suite harnessed the relationships between sell-side salespeople, traders and their buy-side clients to increase the opportunities and velocity of large and illiquid voice trades between banks and investors.
For banks, Algomi created a real-time internal sales and trading network from the bank's own data to identify trade opportunities and enable collaboration between sales, trading and investors, supporting execution of less liquid bonds and integrating with Honeycomb. For investor firms, Honeycomb provided market data and insight to help select the right dealers and timing, enabling trading in size while remaining discreet, with execution conducted by voice between investor and bank. Algomi also operated Synchronicity, a sell-side big-data information processing engine delivered by API or GUI, and from 2017 distributed Algomi ALFA (Automated Liquidity Filtering & Analytics), a buy-side tool acquired from AllianceBernstein that consolidated cross-market liquidity and trade-intent information across government bonds, investment grade, high yield, emerging market, municipal debt and structured credit.
Founding story
Algomi was founded in 2012 by Stu Taylor, former Global Head of Matched Principal Trading at UBS and creator of PIN-FI there, together with Usman Khan and Robert Howes, founders of CAPXD. Michael Schmidt, former Head of European Credit Trading and investment bank board member at UBS, joined as chairman in 2013.
Business model
Algomi positioned itself as a pure software vendor rather than a trading venue or data owner. For ALFA, clients procured and owned their own hardware via an approved cloud provider, with Algomi installing and deploying the software; clients retained ownership of their data and Algomi had no access to it. The company maintained an agnostic stance on execution channel.
Traction
Algomi reported over 90 employees, offices in London and New York, and adoption of ALFA by PIMCO, with T. Rowe Price stating an intention to integrate the product. It reported a £4 million loss for 2018.
Latest developments
In 2020 The DESK reported market talk that Algomi would be bought by interdealer broker BGC; neither company commented. Hoxton Ventures lists Algomi as acquired in its portfolio.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Algomi addressed the difficulty of finding liquidity in the corporate bond market, which became harder as post-crisis regulation reduced banks' ability to warehouse risk. It aggregated data from electronic venues, messaging platforms and direct dealer inventory feeds, and integrated with trading venues including Liquidnet and Trumid. Despite product traction, the business struggled with profitability, reporting a £4 million loss for 2018 in its last UK Companies House accounts.
Technology
Algomi's platform was built on a global enterprise secure infrastructure-as-code technology stack delivering real-time content to Honeycomb participants. ALFA was delivered as a cloud-hosted SaaS platform with secure, unique instances for each customer, and used OpenFin for application distribution and as a message bus for integrations with venues such as Trumid; Liquidnet orders were routed via the FIX protocol. Synchronicity, the sell-side big-data information processing engine, was made available via API or GUI according to bank preference.
Go-to-market
Banks and sell-side sales and trading desks, and buy-side firms including fund managers, execution traders, portfolio managers, quants and compliance staff. Named users and interested parties included PIMCO, T. Rowe Price, BlueBay Asset Management and Brown Brothers Harriman.
Geography
Headquartered in London, UK, with offices in London and New York and buy-side interest reported across the US, Europe and Asia.
History
After its 2012 founding, Algomi built the Honeycomb network and Synchronicity engine for sell-side and buy-side fixed income participants, reaching over 90 employees across London and New York. In May 2017 it acquired the ALFA liquidity and analytics tool from AllianceBernstein, which also took an undisclosed minority stake and a board seat. PIMCO adopted ALFA in May 2019 and Liquidnet and Trumid actionable alerts were added in June 2019. Co-founder and CEO Stu Taylor left in April 2018, joining BGC as global head of Fenics Credit in July 2019, and co-founder Usman Khan, later CTO and board advisor, left after a seven-year tenure to found APEX:E3 in 2019. In 2020 market reports indicated Algomi would be acquired by interdealer broker BGC.
Risks & controversies
Algomi struggled with profitability, posting a £4 million loss in 2018 according to its last accounts filed with UK Companies House, and was not reachable for comment on reported acquisition talks in 2020.
Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 6
launches, deals, and filingsThe DESK reported market talk that Algomi would be bought by interdealer broker BGC. Algomi was not reachable for comment and BGC declined to comment.
ALFA added functionality enabling actionable liquidity alerts for the Liquidnet and Trumid markets, allowing traders to populate orders directly from ALFA and send them to Liquidnet via FIX, and to engage with Trumid alerts through Algomi's interface using the OpenFin message bus.
Co-founder and CEO Stu Taylor left Algomi in April 2018; he joined BGC as global head of Fenics Credit in July 2019.
Algomi announced it would acquire and become sole distributor of ALFA (Automated Liquidity Filtering & Analytics), a buy-side liquidity tool created in-house by AllianceBernstein. Algomi acquired the intellectual property, technology and brand name, rebranding the product Algomi ALFA. AllianceBernstein also took an undisclosed minority stake in Algomi and a seat on its board of directors.
Michael Schmidt, former Head of European Credit Trading and investment bank board member at UBS, joined Algomi as chairman.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 5
primary sources listed
- Algomi - Hoxton Ventureshoxtonventures.com · web
5 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Algomi do?
- Algomi built software aggregating pre-trade data to help banks and asset managers find liquidity in fixed income markets.
- Who are Algomi's investors?
- Algomi's investors include Hoxton Ventures.