AlgoTrader succeeds with Series A financing round led by tier 1 bank.
Zurich – AlgoTrader AG, a leading Swiss platform services provider for fully-integrated and automated quantitative trading and trade execution, for both traditional and digital assets, has completed a new round of financing from institutional growth investors.
This series A round totaling CHF 3.7 million was led by an undisclosed global Tier 1 bank and was joined by investiere, BlockChain Valley Ventures and the seed-round investor NeueCapital.
Founded by Andy Flury, AlgoTrader consists of two business lines; one for for traditional finance and the other for crypto finance. AlgoTrader is well known for its leading quantitative strategy design, testing, automation and trade execution platform across all asset classes. AlgoTrader’s rich functionality and superior modular architecture allows both the buy-and sell-side to fully automate their trading strategies and trade execution processes in a sophisticated and costefficient platform.
“Since our inception, AlgoTrader has built one of the world’s most powerful quantitative trading and trade execution platforms on the market. We are excited about the trust of our investors to receive this new round of capital and build upon our leadership in five key areas: vision, product, customer support, partnerships with a team of industry experts.”, says Andy Flury, CEO & Chairman of the Board of Directors of AlgoTrader.
With this trust from the investors, AlgoTrader will continue its growth and expansion to strengthen the financial hub and the digital asset ecosystem of both Switzerland and other countries together with its network of strong partners, for both traditional and crypto finance.
“Our parliament will soon vote on a set of laws that would put Switzerland far ahead of any other jurisdiction when it comes to the issuance of crypto securities. AlgoTrader is well-positioned to benefit from this development as it provides the essential building blocks for traders to tap not only into traditional markets, but also into the emerging world of decentralized, blockchain-based finance.”, amplifies Luzius Meisser, Member of the Expert Council of Swiss Blockchain Federation Board Member AlgoTrader, Board Member at Bitcoin Suisse and Founder of Meisser Economics.
The Board of Directors of AlgoTrader is strengthened by the appointment of Roger Altorfer
AlgoTrader is pleased to announce the appointment of Roger Altorfer to the Board of Directors of AlgoTrader AG. Roger Altorfer is member of the Executive Committee of Microsoft Switzerland and is leading the Customer Success Organisation. Roger now completes the Board of Directors.
This newly elected Board of Directors now consists of the following Board Members; Andy Flury (Chairman of the Board), Luzius Meisser,Martin Trepp and Roger Altorfer.
“It’s an honour for me to join the AlgoTrader Board and be part of such a dynamic and fast growing company. My twenty years of management and sales experience in an agile environment perfectly complements the skills of the AlgoTrader team.”, says Roger Altorfer, Board Member AlgoTrader and Member of the Executive Committee at Microsoft Switzerland.
Roger originally started his career within the Swiss Banking industry where he held various positions in Operations and Trading departments of Swiss Banks. For more than ten years, he worked for a large Consulting and System Integrator as a Consulting Partner where he was responsible for large business and IT transformation projects within the Financial Services sector. He joined Microsoft in 2013 and advises large customers on their journey to the Cloud. He became a trusted advisor for many customers and a thought leader within the marketplace.
“With the addition of Roger Altorfer, we have gained a proven software and financial industry expert. I am already looking forward to working with Roger and I am sure he will be a great asset and an important pillar for the future success of AlgoTrader.”, concludes Andy Flury, CEO & Chairman of the Board of Directors of AlgoTrader.
AlgoTrader believes that with this support and investment, it will continue to lead the market for institutional-grade quantitative trading and trade execution solutions for all asset classes.
About AlgoTrader
AlgoTrader is the global leader in institutional trading technology for digital assets that covers the entire trade lifecycle from pre-trade risk checks to order generation, automated settlement and custody reconciliation – offering best-in-class infrastructure for financial institutions. By supporting direct market access, seamless custody and core banking integration as well as full trade lifecycle automation, the AlgoTrader platform streamlines digital assets trading. Developed by a team of trading system veterans and crypto asset experts, AlgoTrader offers integrated infrastructure solutions that meet the highest institutional needs. To learn more, visit www.algotrader.com.
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