TheBeast.com Raises First Round Of Funding

TECHNOLOGY NEWS

NEW YORK--TheBeast.com, a US company which makes FX, money markets and fixed income e-commerce software for financial institutions, has completed its first round of financing.

AIG Financial Products and Bear Stearns are among investors contributing to the financing.

TheBeast.com started out as a web-enabled derivatives pricing and risk management engine.

The application supplies real-time pricing, hedging strategies, arbitrage analytics and market data for foreign exchange, money markets and f