The founder and group chief executive of stock and FX data provider NetDania, Stig Brylle (61), has died suddenly while on a business meeting in London on Monday.
NetDania’s co-founders David T. Hansen and Thomas Elster will now step more into the leadership of the company. Hansen will take up the role of the Danish firm’s Executive Chairman of the Board while Elster has been appointed as the new CEO.
In a statement, the company praised the enormous contribution to the transformation of Brylle, who had just recently celebrated his 61th birthday.
“The three of us have worked together for a long time. Stig and David for 30 years since they were both traders at a hedge fund. From 1992 they built several FinTech ventures, and in 1999 Thomas joined, and the 3 of us founded NetDania,” David and Thomas said in a joint statement.
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More about the Danish fintech company
NetDania has been providing data solutions to financial services firms and individual traders for over two decades.
NetDania pioneered streaming price technology, and have since delivered solutions to global banks, brokers, asset managers and analysts. The company holds a strong position within the corporate and speculative FX segments, and an ongoing expansion into stock and futures market trading.
Most recently, NetDania has deployed cryptocurrency market data feed through streaming live data from 65 cryptocurrency exchanges with over 12,000 instruments available.
The Danish fintech company offers a wide range of solutions, including financial workstations and information terminals, trading platforms, charts and applications for both desktop and mobile.
Head-quartered in Copenhagen, the firm has representatives in London and its research and development team is based in Craiova, Romania according to its website.