A race for algo trading has begun within the capital markets industry. The Industry Spread has been covering the news quite extensively, including related industry jobs.
Swiss-based software company AlgoTrader AG announced a successful late seed round capital raise of CHF 1.4 million to fund the startup’s international expansion.
The capital raise was led by NeueCapital Partners, new angel investors and a long-term client of AlgoTrader’s, who are betting on high growth market leaders in the fintech industry.
Andy Flury, Chief Executive Officer of AlgoTrader, said: “Since our inception four years ago, AlgoTrader has built one of the most powerful automated quantitative trading platforms in our market space, and we are now excited to get the first funding for our international expansion. We are seeing a tremendous amount of market interest in our solutions and now is the time to expand our business by investing in marketing & sales, product development and international expansion to support the continuing rapid growth of AlgoTrader.”
A leading quantitative strategy design, testing, automation and implementation platform for all security types and asset classes, the company was founded by Andy Flury in 2014 to challenge the FinTech status quo. This comprehensive and cost-efficient end-to-end solution speeds up time to market for trading strategies, according to their own clients.
Christian Janson Euterneck, Partner at NeueCapital and Member of Board of Directors at AlgoTrader since May 2017, commented: “We were impressed by AlgoTrader’s large international customer base and the high quality and integration level of its automated trading engine. We are especially encouraged that small and medium-sized funds increasingly are using cost-effective and fully automated third-party technology like AlgoTrader, in their trading operations. We believe this will continue to drive strong growth in this market.”
AlgoTrader’s rich functionality and superior modular architecture allow trading professionals to fully automate their trading strategies for all asset classes, including Cryptocurrencies.
Recently, trading and risk management software provider Rival Systems partnered with Algo-Logic to develop an integrated offering for futures and options trading.
Horizon Software, the leading electronic trading solutions and algorithmic technology provider, joined the qh API Ecosystem, QuantHouse’s independent end-to-end high-performance market data platform.
In the summer of 2017, institutional equities marketplace Liquidnet announced the launch of its Algo Ranking Model in Europe, after a successful introduction in the US.