TABB Group is spinning off its equity trading and routing analytics business, Clarity, into an independently owned and operated company, a news release said.
The company will be renamed as Babelfish Analytics.
Clarity principals Jeffrey Alexander and Linda Giordano will lead Babelfish Analytics, and they will retain all intellectual property and contracts for the business, the news release said. Paul Schmid will be director of sales at Babelfish Analyticsthe same position he held at Clarity.
“Although the Clarity business is run separately from TABB’s core research and consulting practices, common ownership means governance over the strategic direction and contention for precious resources is a reoccurring discussion,” TABB Group CEO Anthony J. Perrotta Jr. said in the release. “The time is appropriate to allow the equity-related venue routing analysis business to pursue its own path.”
Clarity was created in September 2014 to help institutional investors as well as money managers, brokers and trading venues with execution information and analysis.