Overview
Ediphy was founded in 2017 by Chris Murphy (CEO) and Dan Wild (CTO). Chris most recently headed the global Rates, FX and Credit business at UBS. Dan held multiple lead technology and innovation roles at top tier financial services firms.
Ediphy Markets’ aim is to be an end-to-end integrated trading partner to the buy side. From pre-trade, through execution, to post-trade. Technology provision to support buyside traders and portfolio managers in their effort to achieve the best instrument selection and execution. Fully hosted, cloud based, execution as a service model with no application installation required. The technology delivers a complete market view via the Mifid II trade data, access to new liquidity pools and fully managed trading venue access designed to deliver improved execution outcomes.
Ediphy delivers an 'unofficial' consolidated tape of MiFID 2 trade data which powers tooling to assess liquidity, likelihood of execution, ISIN selection alternatives and fair execution (TCA) measurement. Ediphy Markets (FCA Regulated) manages all execution venue connections and execution workflow (matched principal trading arrangement with Ediphy). Uniquely, Ediphy operates at the intersection of powerful data analytics, regulated execution counterparty services and market connectivity in the bond (credit, govs, SSA) and IRS markets.
Ediphy's sister company, Ediphy Analytics, designs and engineers software for organisations seeking to productise or capitalise on their internal and external data sources. Announced in May 2021, Ediphy Analytics launched an EU bond Consolidated Tape (CT). Based on already developed prototype technology, in conjunction with 10+ leading institutional market participants (incl. Deutsche Bank, UBS, Citadel and Norges Bank Investment Management) and supported by The Dutch AFM and the French AMF.
