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.