McKay Brothers – a market leader in ultra-low latency market data and wireless networks – announced that Citadel Securities has made a minority investment in McKay to support the continued growth of its global data and connectivity business.
Under the terms of the deal, Citadel Securities will receive an equity stake in the Company. McKay’s co-founders, Stéphane Tyč and Bob Meade, will continue to hold most of the company’s equity. The financial terms of the agreement were not disclosed.
McKay will continue operating independently and under its core business principles, which include offering its subscribers a level playing field and equal access to the lowest latency service.
KEY QUOTES:
“Citadel Securities’ investment provides ongoing validation of McKay’s vendor model, which offers services on a level playing field to all subscribers. The investment also bolsters our already strong financial position and supports our commitment to innovation and technical excellence.”
- Bob Meade, McKay co-founder
“Our service vendor model makes our lowest latency available to all subscribers and ensures it cannot be dominated by any market participant, contributing to fair and competitive markets. This agreement with Citadel Securities maintains McKay’s autonomy and supports our continued growth.”
- Stéphane Tyč, McKay co-founder
