TradingScreen secures $12m financing

TradingScreen secures $12m financing

TradingScreen, a provider of a multi-asset class, multi-dealer institutional trading platform developed by former Credit Suisse First Boston executives, has secured an additional $12 million in a series c funding round led by European technology investor Net Partners Ventures.

TradingScreen says the additional capital will be used to fund research and development, increased sales and marketing efforts and international office expansion.

The company was established in 2000 with the aim of delivering a single screen-based system through which institutional investors could trade a broad portfolio of financial instruments, around the clock, on any market, with a wide range of counterparties. The company has offices in New York, London, Hong Kong and Tokyo and says its system is used by over 300 hedge funds and asset managers worldwide.

TradingScreen president and CEO Philippe Buhannic - a former managing director of the fixed income and e-commerce department at CSFB - says: "By simplifying the execution of buy-side trading and providing more effective connections to sell-side networks, we offer a value-added solution that will increase share-holder value."

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