Honeycomb reaches 200 buy side and growing
We are delighted to announce this significant milestone in the growth of the Honeycomb network. In just over a year and a half, we have signed contracts with over 200 buy side clients. We are very grateful to all our clients and to the partners who have worked with us so far.
The network is expanding all the time, and has buy and sell side participants live in North America, Asia Pacific and Europe. The average buy side Indication of Interest is over USD 7m. There are 10,000+ IoI right now, across 5,000 unique ISINs covering USD 75 billion of live buy side volume.
We are looking forward to the next big step in the expansion of the network, as the roll-out of the SaaS solution for the sell side accelerates the speed of dealers being on boarded and getting information shared with their buy side clients.