Digital Asset quant trading platform AlgoTrader announces Series A capital raise led by global tier 1 bank

ZURICH, SWITZERLAND – AlgoTrader AG, a number one Swiss platform companies supplier for fully-integrated and automatic quantitative trading and commerce execution, for each conventional and digital belongings, has accomplished a brand new spherical of financing from institutional progress traders.  

This sequence A spherical totaling CHF three.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 enterprise traces; one for for conventional finance and the opposite for crypto finance. AlgoTrader is well-known for its main quantitative technique design, testing, automation and commerce execution platform throughout all asset courses. AlgoTrader’s wealthy performance and superior modular structure permits each the buy-and sell-side to completely automate their trading methods and commerce execution processes in a classy and costefficient platform.  

“Since our inception, AlgoTrader has constructed one of many world’s strongest quantitative trading and commerce execution platforms available on the market. We are excited in regards to the belief of our traders to obtain this new spherical of capital and construct upon our management in 5 key areas: imaginative and prescient, product, buyer assist, partnerships with a staff of trade specialists.”, says Andy Flury, CEO & Chairman of the Board of Directors of AlgoTrader.  

With this belief from the traders, AlgoTrader will proceed its progress and growth to strengthen the monetary hub and the digital asset ecosystem of each Switzerland and different international locations along with its community of robust companions, for each conventional and crypto finance. 

“Our parliament will quickly vote on a set of legal guidelines that will put Switzerland far forward of every other jurisdiction in relation to the issuance of crypto securities. AlgoTrader is well-positioned to profit from this improvement because it supplies the important constructing blocks for merchants to faucet not solely into conventional markets, but in addition into the rising 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 happy 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 main the Customer Success Organisation. Roger now completes the Board of Directors. 

This newly elected Board of Directors now consists of the next Board Members; Andy Flury (Chairman of the Board), Luzius Meisser,Martin Trepp and Roger Altorfer. 

“It’s an honour for me to affix the AlgoTrader Board and be a part of such a dynamic and quick rising firm. My twenty years of administration and gross sales expertise in an agile setting completely enhances the abilities of the AlgoTrader staff.”, says Roger Altorfer, Board Member AlgoTrader and Member of the Executive Committee at Microsoft Switzerland.  

Roger initially begined his profession inside the Swiss Banking trade the place he held numerous positions in Operations and Trading departments of Swiss Banks. For greater than ten years, he labored for a big Consulting and System Integrator as a Consulting Partner the place he was accountable for giant enterprise and IT transformation tasks inside the Financial Services sector. He joined Microsoft in 2013 and advises giant clients on their journey to the Cloud. He turned a trusted advisor for a lot of clients and a thought chief inside the market. 

“With the addition of Roger Altorfer, we have now gained a confirmed software program and monetary trade skilled. I’m already trying ahead to working with Roger and I’m positive he will likely be an excellent asset and an necessary pillar for the long run success of AlgoTrader.”, concludes Andy Flury, CEO & Chairman of the Board of Directors of AlgoTrader.  

AlgoTrader believes that with this assist and funding, it can proceed to steer the marketplace for institutional-grade quantitative trading and commerce execution options for all asset courses.

supply: AlgoTrader


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