Incapital, an underwriter and distributor of fixed income and market-linked securities, and 280 CapMarkets, a technology company providing best execution trading support and price transparency, announced today they are merging to create InspereX. The new company will become a fintech firm with a mission of improving fixed income distribution and trading for all market participants.
Incapital co-founder and chairman, Tom Ricketts commented, “We founded Incapital in 1999 to break down the barriers many investors and issuers faced when trying to access the full potential of the fixed income markets, and later market-linked securities. It was not a level playing field then, and while it has improved over the years thanks to the emergence of new technologies and market entrants, we believe improvement needs to accelerate for all market participants.”
Broadhaven Capital Partners LLC acted as exclusive financial advisor to 280 CapMarkets, LLC.