Company Products Client Services Press Conferences Partners Contact Us
press
TradingScreen, Simplifying global markets
NEW YORK  CHICAGO  LONDON  PARIS
TOKYO  HONG KONG  SAO PAULO
v2.0

arrowPress Releases

arrowArticles
arrowAds
 
Request Info
press releases
FOR IMMEDIATE RELEASE
September 13, 2007

Tradingscreen Completes a Significant Minority Recapitalization Lead by Technology Crossover Ventures

TradingScreen Positions Itself Firmly as the Leader of
Independent Execution Management Systems

NEW YORK (September 13, 2007) – TradingScreen, the premier execution management system (EMS) provider of multi-broker, multi-asset trading systems to the buy side, announced today that Technology Crossover Ventures (TCV), a leading provider of growth capital to technology companies, has led a significant, strategic new minority investment in the firm. Joining TCV in the investment are Continental Investors. The capital will be used to fund the next phase of TradingScreen’s growth, expand its leadership in delivering global trading solutions for institutional investors everywhere in the world, and develop new services to allow the buy side to face the new challenges presented by the evolution of the markets. It will also simplify its capital structure by retiring all existing non-employee shareholders and will continue to insure, as in the past, a complete level of independence for the company.

"Central to our development has been an unwavering commitment to providing customers around the world with a best-in-class, independent, electronic trading solution tailored to their needs and answering the new market complexities," said Philippe Buhannic, president and CEO of TradingScreen. "TCV's involvement represents a very important step for our future as it gives us the necessary backing and resources to reach the next key strategic goals that we have set for the company. Through this highly strategic investment in our company, TCV brings extensive financial technology market knowledge and relationships within the financial sector that will be pivotal in accelerating our growth worldwide. The entire TradingScreen team is fully committed to leveraging this transaction and continuing to build the reference company in our field."

TradingScreen is the leading provider of multi-asset class, multi-broker, multi-service EMS, providing unique solutions to the issues faced by buy-side firms with the rapid transformation of the global capital markets. The company’s reputation has been built on constant innovation, customer service, and easy and rapid deployment, significantly reducing the cost of ownership of the buy-side through a software-as-a-service (SaaS) model. In effectively addressing the issues created by the shift from the manual handling of securities transactions to electronic, the growing importance of algorithmic trading, the greater need for pre- and post-trade analytics, and the need for straight-through-processing, TradingScreen has come to occupy a very key function in the buy-side trading workflow. This has placed TradingScreen at the heart of the new capital markets structure.

TradingScreen has been at the forefront in developing one of the leading trading platforms for both the buy-side and sell-side," said Robert Trudeau, general partner of TCV. "Our investment in TradingScreen is the culmination of a long-standing relationship with the management team. We believe the company will continue to be a leading player in the execution management systems sector as they further expand their global footprint and develop new products."

"TradingScreen brings the vision, the technology, and the proven performance to the global institutional trading market to position the firm for long-term leadership," said Philip Purcell, president of Continental Investors. "The addition of TradingScreen to our portfolio builds on our strategy of financing the growth of companies in the financial services market, and we look forward to working with Philippe and his team to help TradingScreen achieve market leadership."

Robert Trudeau will join the TradingScreen board of directors. The company’s executive team, strategy and operations will remain the same.

Financial Technology Partners LP and FTP Securities LLC (together "FT Partners") acted as the exclusive strategic and financial advisors to TradingScreen and its board of directors in this transaction.

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 on a software-as-a-service (SaaS) model. The proprietary TradingScreen platform links institutional investors and sell-side firms together to facilitate order routing, algorithmic trading, execution management, clearing, and additional value-added services, such as pre-trade analysis, real straight-through-processing, post-trade analysis, and prime brokerage enabling across all asset classes. TradingScreen provides global coverage from offices in New York, Chicago, London, Paris, Madrid, Sao Paulo, Hong Kong and Tokyo.

ABOUT TCV
Technology Crossover Ventures (TCV), founded in 1995, is a leading provider of growth capital to technology companies, providing funds to later-stage private and public companies. With $4.7 billion in capital under management, TCV has made growth equity and recapitalization investments in over 150 companies leading to 42 initial public offerings and more than 30 strategic sales or mergers. TCV employs a crossover investment model, which combines venture capital with public market investing and enables TCV to continue to invest in its portfolio companies at the IPO and beyond. Representative financial technology investments include Automated Trading Desk, FXAll, Liquidnet, Penson Worldwide, R.J. O’Brien, RiskMetrics and ThinkorSwim. TCV has ten partners and is headquartered in Palo Alto, California. For more information about TCV, visit www.tcv.com.

ABOUT CONTINENTAL INVESTORS
Continental Investors was founded by Phil Purcell and Eric Carlborg in 2006. Continental is investing in private companies primarily in the financial services industry and in consumer companies where the Internet is important. Continental is a strategic source of capital and looks for opportunities where its industry expertise and relationships can benefit management and other private equity investors. TradingScreen is Continental’s sixth private equity investment.

ABOUT FT PARTNERS
FT Partners is the only investment banking firm focused exclusively on the financial technology sector. FT Partners was awarded the honor of Investment Bank of the Year in 2006. The firm was founded by a former senior investment banker in Goldman Sachs & Co.'s Financial Technology Group and Financial Institutions Group.

MEDIA CONTACTS:

Technology Crossover Ventures
Shifali Erasmus-Bhagat
Kinetic.PR, LLC for TCV
shifali@kineticprllc.com
510-565-5655
TradingScreen, Inc.
Miranda Tan
TradingScreen Public Relations
mtan@excitepr.com
212-941-8499 ext. 118
back to press releases top