28 May 2018
Visit response.ncr.com

Ballista gets funding

09 June 2009  |  5168 views  |  0 cash

Ballista Holdings, operator of an ATS for block options and delta neutral orders, has received funding from a group of investors including the International Securities Exchange, Knight Capital Group, Morgan Stanley and Susquehanna Growth Equity.

Ballista ATS began trading last August, offering anonymous, electronic access to qualified buy-side initiators and sell-side liquidity providers that trade in large block sizes.

The platform provides a rules-based forum for matching buyers and sellers of block-sized directional option and volatility/delta-neutral orders.

Ballista says the minority investment will be used to support continued technology innovation, enhanced client service and a more aggressive sales and marketing effort to further develop its liquidity pool.

As part of the investment, one representative from each of the four new investors will join the company's board.

Robert Newhouse, founder and CEO, Ballista Securities, says: "The investment from such a distinguished and diverse group of industry leaders will provide Ballista a strong base of strategic resources in the quest to become the premier destination for institutional block trading of equity options and volatility."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Ballista begins trading as ATS

Ballista begins trading as ATS

10 November 2008  |  3389 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.vasco.com/news/mobile-firstvisit www.ebaday.comVisit www.niceactimize.com

Who is commenting?

Top topics

Most viewed Most shared
satelliteAnt Financial provides tech for China Ever...
37106 views comments | 3 tweets | 2 linkedin
ING opens developer portalING opens developer portal
8264 views comments | 18 tweets | 23 linkedin
PayPal and Google bind payment railsPayPal and Google bind payment rails
7775 views comments | 11 tweets | 17 linkedin
hands typing furiouslyBlockchain for trade finance: a network bu...
7509 views 0 | 3 tweets | 2 linkedin

Featured job

Basic c Euro 120K, Variable Euro 120K - full ben...
Paris prefered London possible

Find your next job