Ancoa Software

Based in London, Ancoa Software develops contextual market surveillance and analytics platforms that help financial institutions detect market abuse and maintain regulatory compliance across trading markets. The company provides its enterprise software to institutional trading firms, brokerages, and exchanges, securing licensing agreements with notable corporate clients such as Convergex, MarketAxess, and Cenkos Securities. Prior to entering administration, the business operated with a staff of approximately 25 to 50 employees, served around 16 institutional clients, and generated a 2016 annual turnover exceeding £1.1 million. After raising approximately £4 million in total funding, the firm was acquired by Swedish financial technology provider Cinnober in May 2017, which was subsequently purchased by Nasdaq in 2019 to integrate these surveillance capabilities. Ancoa Software was originally founded in the United Kingdom in 2010 by Andrew Louth and Stefan Hendrickx.