London based leading the "electronification" of bond markets has raised £2.5m in seed capital from a group of investors including Michael Spencer, the founder of trading technology firm Nex Group and formerly ICAP.
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Michael Spencer invests in London startup Digital Debt Capital Markets
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“The way we do bond issues really hasn’t changed very much since the 1990s,” Mr Berman said. “You have emails flying around with Word documents, Excel spreadsheets and PDFs and a tremendous amount of manual inputting of figures.”
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