UNX Gets Funding, Names CEO

Los Angeles-based UNX, a provider of technology for the electronic trading and institutional investing market, has scored a round of strategic funding and named a CEO, the firm said Tuesday. The funding came from Goldman, Sachs & Co. and Vernon & Park Capital, along with un-named, current investors. UNX said the new funding will go to support enhancing the firm's broker-neutral, electronic trading products and serviecs. Along with the funding, the firm said it has appointed Thomas Kim as Chief Executive Officer. Kim was most recently Managing Director at Lehman Brothers and had of the Townsend Analytics trading services business. He has also served at TradingScreen. More information »