19 October 2017

UBS takes stake in HFT tech outfit Mantara

15 September 2010  |  8838 views  |  0 cash

Mantara, a high-frequency trading technology provider, says it has received an unspecified strategic equity investment from UBS.

The New Jersey-based tech vendor's expressWay suite offers buy and sell side institutions low-latency trading technology and risk management capabilities.

Last May it closed a $7.6 million series c funding round led by MDV, Southern Cross Venture Partners, CM Capital and Allen & Buckeridge.

The UBS investment comes just a week after TradingScreen veteran Michael Chin took over as president and chief executive, vowing to "capitalise on the company's significant growth opportunities".

Charlie Susi, head, direct execution, Americas, UBS, says: "As we examined the landscape of low-latency trading and risk management technology solutions, Mantara stands out as a fully-integrated, multi-broker, multi-asset system built from the ground up with state-of-the-art capabilities and a smart co-location footprint."

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

Finra hands out $2.3m fine as HFT crackdown begins

Finra hands out $2.3m fine as HFT crackdown begins

13 September 2010  |  11527 views  |  0 comments
HFT firm's faulty algo blamed for oil price surge

HFT firm's faulty algo blamed for oil price surge

26 August 2010  |  10028 views  |  0 comments
Computer systems fingered in flash crash probe

Computer systems fingered in flash crash probe

12 August 2010  |  10237 views  |  0 comments
UBS algo trading code theft case dropped

UBS algo trading code theft case dropped

15 February 2010  |  11821 views  |  0 comments
Teza programmer developed code while still UBS employee

Teza programmer developed code while still UBS employee

06 October 2009  |  8302 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15649 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8810 views comments | 16 tweets | 22 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7911 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7051 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6180 views comments | 6 tweets | 3 linkedin

Featured job

Find your next job