Digital Asset Quant Trading Platform AlgoTrader Announces Series A

Digital Asset Quant Trading Platform AlgoTrader Announces Series A

by January 8, 2020
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AlgoTrader AG, a 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.

Andy Flury

Andy Flury

“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.

The Board of Directors of AlgoTrader is strengthened by the appointment of Roger Altorfer

AlgoTrader also announced 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.

Roger Altorfer

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.

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.

 

Featured image credit: Unsplash

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