AlgoTrader, an algorithmic trading software solution for quantitative hedge funds, has recently secured 3.7 million CHF (approx €3.4 million) funding in a Series A round led by an undisclosed global Tier 1 bank. Other investors, including investiere, BlockChain Valley Ventures, and a seed-round investor, NeueCapital, also participated.
With this fund, the Swiss company will continue its growth and expansion to strengthen the financial hub and the digital asset ecosystem of both Switzerland and other countries together.
Andy Flury, CEO & Chairman of the Board of Directors of AlgoTrader, said:
Since our inception, AlgoTrader has built one of the world’s most powerful quantitative trading and trade execution platforms on the market. We are excited about the trust of our investors to receive this new round of capital and build upon our leadership in five key areas: vision, product, customer support, partnerships with a team of industry experts.
Appoints Roger Altorfer to the Board of Directors
On the other hand, AlgoTrader has appointed Roger Altorfer to the Board of Directors of AlgoTrader AG. Roger Altorfer is a member of the Executive Committee of Microsoft Switzerland and is leading the Customer Success Organisation.
Founded by Andy Flury in 2014, the Zurich-based company consists of two business lines – traditional finance and crypto finance. This well-equipped platform allows both the buy-and sell-side to fully automate their trading strategies and trade execution processes.
Roger Altorfer, Board Member AlgoTrader and Member of the Executive Committee at Microsoft Switzerland, said:
It’s an honour for me to join the AlgoTrader Board and be part of such a dynamic and fast-growing company. My twenty years of management and sales experience in an agile environment perfectly complements the skills of the AlgoTrader team.
Andy Flury, CEO & Chairman of the Board of Directors of AlgoTrader, concluded:
“With the addition of Roger Altorfer, we have gained a proven software and financial industry expert. I am already looking forward to working with Roger, and I am sure he will be a great asset and an important pillar for the future success of AlgoTrader.
Main image credits: AlgoTrader
Stay tuned to Silicon Canals for more European technology news.