Quantitative Brokers Receives $24 Million Investment
Centana Growth Partners invests in Quantitative Brokers for its expansion plans.
The investment will help Quantitative Brokers build on its agency algorithms and grow further, the company said. Quantitative Brokers says it has seen rapid growth in the past year, doubling its revenue in 2016 and 25 percent year on year in 2017.
Christian Hauff, CEO and co-founder of Quantitative Brokers, said the new investment will also help the firm increase its market share.
“The investment will go toward expanding our teams from quant research and algorithm development to trading system support as we expand into new asset classes like options on futures, and also into new regions such as Asian futures markets,” Hauff said. “As a leading fintech provider in fixed income markets, we are constantly evaluating ways to empower our clients with smarter and more innovative tools.”
One of these new markets is Asia, as the company wants to expand into providing services for futures and Asia futures exchanges.
Last year, Quantitative Brokers released its fifth algorithm called Closer to optimize execution relevant to settlement price benchmarks. The company also won best TCA provider in the 2016 Buy-Side Technology Awards.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Broadridge teams up with NYSE, Clear Street goes in-house, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
Clear Street building execution platform to replace vendor systems
A job posting shows that the broker is building a new algorithmic trading stack from scratch, targeting direct market access for institutional clients by year-end.
Kalshi recruits TradFi partners for institutional build-out
The prediction market has inked partnerships with Tradeweb, BMLL, and others as it aims to give institutions familiarity in an emerging market.
Off the grid? Dealers mull XVA cloud shift
Benchmarking: 69% of European banks still run core XVA calculations predominantly on-premises, as do 75% of global dealers.
CME marks cloud migration milestones, new FIX guidance for brokers, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
How Quoniam boosted its sentiment strategy by adding an LLM
The asset manager’s upgraded system creates scores from more-informative forward-looking parts of news.
WatersTechnology latest edition
Check out our latest edition, plus more than 14 years of our best content.
Tech and data fragmentation irks enterprise risk managers
Often at the mercy of decisions made by other parts of the bank, ERM heads gripe at disparate systems, poor UX, and reporting gaps.
