AxeTrading secures multi-million investment in latest funding round
Summary
Fixed income trading software provider AxeTrading has secured a multi-million investment in a Series A funding round led by the International Finance Corporation (IFC). The investment round was led by the IFC, part of the World Bank Group, alongside Sumscope and SixThirty. “With this strategic and significant new investment, we will be able to accelerate our expansion in emerging markets and across the globe, including strengthening our business in North America,” said co-founder and chief executive at AxeTrading, Ralf Henke. “We see a capital-markets future where most or all fixed income securities are traded electronically, enhancing price discovery, market transparency, and liquidity,” said IFC’s global head of fintech investments Andi Derivishi. This matters even more in emerging markets, where participants tend to be small and young and unable to develop their own trading software and tools.” In May, AxeTrading confirmed the launch of AxeTrader Version 5, the latest version of its flagship execution management system (EMS) for the sell-side, buy-side, and agency brokers, which offers pricing, quoting and algorithmic risk analytics.