AlgoTrader AG, a Swiss platform services provider for fully-integrated and automated quantitative trading and trade execution, for both traditional and digital assets, announced on Wednesday it secured CHF 3.7 million through its Series A funding round, which was led by an undisclosed global Tier 1 bank and included participation from investiere, BlockChain Valley Ventures and the seed-round investor NeueCapital.
Founded in 2014, AlgoTrader describes itself as an institutional-grade algorithmic trading software solution for conducting quantitative research, trading strategy development, strategy backtesting and automated trading for both traditional securities and crypto-assets.
“AlgoTrader provides everything a typical quantitative trading firm requires to run its research and trading operations. It is the very first and most advanced algorithmic trading software product to allow automated trading of Bitcoin and other crypto assets.”
Speaking about the company’s progress, Andy Flury, CEO and Chairman of the Board of Directors of AlgoTrader, stated:
“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.”