UK-based financial insights platform TradingHub has announced a minority investment of secondary capital by Summit Partners to fuel growth and its product offering. Financial terms were not disclosed.
TradingHub has a suite of customisable risk-based solutions for financial institutions to monitor market abuse and money laundering as well as ‘best execution’ and reporting and analytics on its platform - currently monitoring 135+ million trades per day across 45+ countries for over 60 clients.
“With the introduction and increasing complexity of financial market regulations – such as Dodd-Frank, MAR and MiFID II – financial institutions are under mounting pressure to deliver robust trade surveillance programs to help both ensure regulatory compliance and counter continuously evolving market abuse,” says Neil Walker, CEO and co-founder of TradingHub. “Leveraging sophisticated financial modelling and deep experience across both exchange-traded and OTC products, TradingHub’s technology is uniquely positioned to accurately detect the most complex forms of financial crime, including cross-asset market manipulation.”
“We have followed TradingHub’s growth for several years and believe they have built an enviable market position with deep relationships with leading financial institutions. We look forward to collaborating with the team to help them achieve their long-term goals," says Antony Clavel, Managing Director at Summit Partners. He will join the TradingHub board of directors.
Alantra Partners advised TradingHub and the sellers.
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