|Description||Consumer Internet/Big Data|
|Seed, 6/08 |
|Series A, 5/10 |
|Venture Round, 7/11 |
Applied Logic launched its big data platform broadstreetlagos.com in March of 2009 to cater to the financial market data needs of Nigeria’s 48m online users and the global audience. Along the way it identified an additional role in supporting product development for the local capital market regulator, the Securities and Exchange Commission (SEC).
Applied Logic was selected in 2011 to develop the margin list application for the Nigeria SEC using a license/data feed from broadstreetlagos.com. The margin list will be used by the SEC to oversee; securities lending, shorting, margin trading and index fund construction.