07.16.2020

AxeTrading Closes International Funding Round

07.16.2020
Markit to Launch Electronic Confirmations for FX Options

AxeTrading have closed a significant Series A investment round with a group of global investors led by International Finance Corporation, part of the World Bank Group, alongside Sumscope and SixThirty.

This funding will enable AxeTrading to expand and deepen our global footprint and embrace market opportunities. AxeTrading is uniquely positioned to empower banks, buy-side firms, agency brokers and trading venues to maximize their fixed income trading strategies with aggregated liquidity, multiple pricing feeds, powerful client servicing and execution capability across voice and electronic trading.

Working with IFC as a strategic partner, AxeTrading will deliver scalable technology for dealers and trading venues to develop and accelerate the evolution of fixed income markets to broaden participation, which will provide liquidity and market transparency.

AxeTrading does not compete with trading venues, but partners with them to deliver an efficient, effective and modern fixed income trading experience that best serves their regional markets.

“We see a capital-markets future where most or all fixed income securities are traded electronically, enhancing price discovery, market transparency and liquidity. AxeTrading makes access to those markets feasible and simple for small and large participants alike. This matters even more in emerging markets, where participants tend to be small and young and unable to develop their own trading software and tools” said Andi Dervishi, IFC’s Global Head of Fintech Investments.

Ralf Henke, co-founder and CEO of AxeTrading: “With this strategic and significant new investment, we will be able to accelerate our expansion in emerging markets and across the globe, including strengthening our business in North America. We are also thrilled to commit further resources to expanding our product breadth and depth for dealers and trading venues”.

Source: AxeTrading

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Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:

SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:

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