AlgoTrader provides a software solution for fully integrated and automated quantitative trading and trade execution for both traditional and digital assets. With its recently released platform, WIRESWARM, the company also provides a robust gateway for trading and execution of digital assets. With its leading quantitative strategy design, testing, automation, and trade execution platform across all asset classes, AlgoTrader enables banks, brokers, OTC desks and market makers to connect to, and interact seamlessly with the world’s most liquid and regulated digital asset and cryptocurrency trading and execution venues.
With the investment, the company plans to scale further. The round was led by Credit Suisse Entrepreneur Capital Ltd. joined by investiere, Blockchain Valley Ventures, and NeueCapital and now FinLab EOS VC Fund. The Fund is a partnership between Block.one, the publisher of the blockchain software protocol EOSIO, and FinLab AG, one of the first and largest investors in financial services technologies and blockchain in Europe.
Block.one’s EOS VC program offers developers and entrepreneurs the funding they need to create community-driven businesses leveraging EOSIO. AlgoTrader AG is also taking the next technological step through the utilization of Block.one’s EOSIO protocol. “With expensive traditional audit procedures becoming void through the data persistence and security that comes along with the utilization of blockchain technology, we are enabling further efficiency by integrating EOSIO, the most highly performant, scalable and reliable blockchain solution on the market,” said Bartosz Wojcik, CTO of AlgoTrader.
Juan Rodriguez, Managing Director of FinLab EOS VC Fund, commented: “We are convinced that AlgoTrader will become the leading engine for both traditional and digital assets. In addition to an algorithmic trading solution, which offers the highest usability and functionality for investors and issuers, we also believe in the company’s management team, which consists of complementary skill sets and experienced managers with institutional finance backgrounds,” he added.
(Press release / SK)