Interdealer broker Icap has taken a stake in a New York-based start-up as part of its broader strategy to incubate next-generation financial technology providers positioned to benefit from regulatory reform.

Euclid Opportunities, Icap's two-year-old vehicle for funding early-stage technology firms, has invested in Enso Financial Management, a provider of portfolio reporting and data analytics services for hedge funds and asset managers. The size of the investment was not disclosed.