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Canadian Data Vets Found CFSI Advisory, Development Firm; Win Activ Canadian Distribution Deal

Max Bowie, Inside Market Data

Toronto-based startup Collaborative Financial Services Inc, a provider of services that include business development consulting for companies seeking to enter the Canadian market, and an ecosystem of integrated partner products and development enhancements, is to become the Canadian distributor of data and services from low-latency and enterprise data provider Activ Financial.

Collaborative Financial Services Inc (CFSI) was founded in March by data industry veterans Jim Davies, Will Kennedy and Dave Mulder, who serve as managing partner, sales and marketing partner and chief information officer, respectively, who began setting up the company at the start of this year.

Davies was most recently president and chief executive of data and trading systems provider Iress Canada, and has held senior sales and management roles at Reuters America and Reuters Canada, Kasten Chase Applied Research, Standard & Poor's, and was president and CEO of Dow Jones Telerate Canada. Kennedy was most recently executive vice president of business development at Activ Financial, prior to which he was head of business development at hardware ticker plant vendor Exegy, was head of data products at Standard & Poor's Indexes, and head of research sales and business development at ITG, while Mulder has worked with both before, as vice president and chief technology officer of Iress Canada under Davies, prior to which he held the same role at ITG, overlapping with Kennedy, prior to which he was VP and CTO at Kasten Chase.

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