TradingHub secures minority investment from Summit Partners
TradingHub, a provider of risk-based software solutions for financial markets, today announced a minority investment from global growth equity investor Summit Partners.
The investment, which comes in the form of secondary capital, will help TradingHub expand its product offering, deepen its financial market footprint and support the company’s continued growth.
“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,” described 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.”
“As reporting requirements expand and financial crime evolves, we believe TradingHub offers differentiated and powerful trade surveillance solutions that are mission-critical to sell-side and buy-side firms,” said Antony Clavel, Managing Director at Summit Partners who will join the TradingHub Board of Directors. “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.”
Neil Walker, CEO of TradingHub, added: “We are delighted to announce Summit Partners as a new TradingHub shareholder. The firm has a strong reputation for partnering with their portfolio companies and we have already experienced the benefit of their perspective and their collaborative approach. We look forward to working with the Summit team to help further accelerate TradingHub’s growth.”
Financial terms for the transaction were not disclosed.