Thursday, October 19, 2017

McKay Brothers Snags New Investments

Oakland-based McKay Brothers, which develops and operates low latency networks for the financial business, has received a new minority investment from Susquehanna International Group and XR Trading. Financial details of that investment were not announced. The two said that McKay's founders will continue to hold over 70 percent of the equity in the company. McKay says it designs, builds, and operates telecom networks and market data services for latency sensitive traders and risk managers of banks, funds and trading firms. More information »