TradingScreen
Raises $12 Million in a Series C Funding Round
Led by Net Partners Ventures
NEW YORK (June 27,
2005):
TradingScreen Inc., the leading provider of multi-product
trading platforms with straight-through-processing,
today announced that it has secured an additional
$12 million in a series C funding round led by
top European technology investor Net Partners
Ventures.
As a result of a rapidly growing regional and
international client base, increased revenues,
and the swift development and launch of new service
platforms, such as its TS TradeSmart v2.0, TradingScreen
has succeeded in inking additional venture capital.
Lead investor, Net Partners, has directly financed
some of the most successful European and US technology
companies, and was one of the first venture funds
in Europe to focus on commerce and transaction
services companies.
"TradingScreen provides a unique cooperative
platform for both the Buy-Side and Sell-Side which
brings unprecedented distribution, efficiency,
simplicity and transparency to the execution and
clearing process for financial transactions,"
says Phillipe Buhannic, CEO of TradingScreen.
"By simplifying the execution of buy-side
trading and providing more effective connections
to sell-side networks, we offer a value-added
solution that will increase share-holder value.
TradingScreen's system is designed to provide
the infrastructure that enables institutional
investors to trade major financial products, around
the clock, on any market, with a wide range of
counter parties."
"We are enthusiastic about TradingScreen's
international success with their TradeSmart platform,"
says Francois Tison, Managing Director of Net
Partners Ventures. "Tradingscreen is currently
servicing over 300 hedge funds as well as numerous
very large traditional asset managers and private
banks with more than US$1.5 trillion in assets
under management, and we look forward to observing
and being part of their continued global expansion."
Michele Appendino, co-founder of Net Partners
Ventures added, "The investment in Tradingscreen
marks the end of the investment period of our
2000 fund and we are proud to close this fund
with such an outstanding company."
With the rising complexity of global trading
(e.g., multi-asset trading, multi-broker access,
etc), a number of top Wall Street Technology firms
are competing to simplify international markets
by offering the best user interface for global
trading and complete integration into back office
systems. TradingScreen has become the system of
choice to equip the hedge fund desks and other
proprietary trading groups with direct access
trading, allowing them to achieve the complex
execution management capabilities of large traditional
asset managers. TradingScreen's customers include
a large proportion of the world's leading hedge
funds, traditional asset managers and private
bankers, combining more than US$1.65 trillion
under management.
The additional capital will be used to fund research
and development, increased sales and marketing efforts,
and international office expansion to accommodate TradingScreen's
remarkable escalation.
ABOUT TRADINGSCREEN
TradingScreen Inc. is accelerating the technical
evolution of the financial markets by providing
a fully integrated, customer-oriented trading
service platform to institutional investors. The
proprietary TradingScreen platform links institutional
investors and sell side firms together to facilitate
order routing, execution management, clearing,
and additional value added services, such as real
straight through processing and prime brokerage
enabling across all asset classes. TradingScreen
provides global coverage from offices in New York,
London, Hong Kong and Tokyo.
ABOUT NET PARTNERS VENTURES
Founded in 1997, Net Partners Ventures was one
of the earliest venture capital funds in Europe
to begin operations with an exclusive focus on
financing seed and early stage Internet, commerce
and transaction services companies. Direct venture
investments include some of the best known European
Internet companies such as BFinance, Yoox, Adomos
and Mutui Online.
Net Partners Ventures is known for its hands on and
highly entrepreneurial approach to building companies
and working closely with entrepreneurs. The firm has
emphasized and helped implement both Pan-European and
local initiatives in Europe. For more information, please
go to www.net-partners.com.
For More Information, Please Contact:
| |
Miranda
Tan at Excite Media Group
TradingScreen Public Relations mtan@excitepr.com
212-941-8499 ext. 102 |
|