Image credits: TradingHub
London-based TradingHub, a provider of sophisticated risk-based software solutions for financial markets, announced that it has secured a minority investment from Summit Partners.
However, the financial terms of the transaction have not been disclosed.
The investment, which comes as secondary capital, will help the company expand its product offering, deepen its financial market footprint, and support continued growth.
Neil Walker, CEO of TradingHub, says, “We are delighted to announce Summit Partners as a new TradingHub shareholder. The firm has a strong reputation for partnering with its 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.”
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As part of the funding round, Antony Clavel, Managing Director at Summit Partners, will join the TradingHub Board of Directors.
Founded in 2010, TradingHub provides financial analytics tools to capital market participants, including investment banks, asset managers, hedge funds, commodity houses, and brokerage firms, collectively representing over $20T of AUM.
The company provides trade surveillance, anti-money laundering, best execution, and financial analytics software across asset classes, including rates, fixed income, FX, commodities, and equities.
“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 Walker.
“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,” he adds.
The company monitors 135M+ trades per day across 45+ countries. It serves more than 60 clients, including some of the world’s largest investment banks, hedge funds, and asset managers.
TradingHub is headquartered in London and has additional offices in New York, San Francisco, Toronto, and Singapore.
Summit Partners is a global alternative investment firm currently managing more than $36B in capital dedicated to growth equity, fixed income, and public equity opportunities.
Summit invests across growth sectors of the economy and has invested in more than 550 companies in technology, healthcare, and other growth industries. The firm maintains offices in North America and Europe, and invests in companies globally.
“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,” says Antony Clavel, Managing Director at Summit Partners.
“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,” adds Clavel.
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