Alantra advises TradingHub on its partnership with Summit Partners
SECTORTechnology
ServiceM&A
London – Alantra has advised the shareholders of TradingHub, a leading provider of sophisticated risk-based software solutions for financial markets, on its minority investment from global growth equity investor Summit Partners. The investment, which comes in the form of secondary capital, will help TradingHub expand its product offering, deepen its financial market footprint and support the company’s continued growth.
TradingHub was founded in 2010 with a vision to provide financial analytics tools to the world’s leading capital markets participants. The company provides market-leading trade surveillance, anti-money laundering, best execution, and financial analytics software across a broad range of asset classes, including rates, fixed income, FX, commodities, and equities. TradingHub’s risk-based approach to identifying anomalous trading behavior represents a paradigm shift – a move away from traditional, rules-based systems towards sophisticated monitoring of capital markets activity.
Today, TradingHub monitors 135M+ trades per day across 45+ countries and serves more than 60 clients, including some of the world’s largest investment banks, hedge funds and asset managers.
TradingHub was advised by Oliver Parker, Robert Young, Milan Vashi and Josh Woodage.
Oliver Parker, Managing Director, said, “Having spent the last 18 months getting to know Neil and the team at Tradinghub, it is very apparent that they have developed a market-leading and differentiated risk-based software solution across trade surveillance, AML and best execution for a range of asset classes. We were therefore delighted to have been able to work with the business and shareholders on this important investment. In Summit, I believe they have found a great partner, with a huge amount of experience across capital markets software that will be able to support the business across the next phase of exciting growth.”
Neil Walker, CEO and Co-founder of TradingHub, said, “With the introduction and increasing complexity of financial market regulations – such as Dodd-Frank, MAR and MiFID II – financial institutions are under mounting pressure to deliver robust trade surveillance programs to help both ensure regulatory compliance and counter continuously evolving market abuse. Leveraging sophisticated financial modeling and deep experience across both exchange-traded and OTC products, TradingHub’s technology is uniquely positioned to accurately detect the most complex forms of financial crime, including cross-asset market manipulation.
We are delighted to announce Summit Partners as a new TradingHub shareholder. The firm has a strong reputation for partnering with their portfolio companies and we have already experienced the benefit of their perspective and their collaborative approach. We look forward to working with the Summit team to help further accelerate TradingHub’s growth.”
Antony Clavel, Managing Director at Summit Partners who will join the TradingHub Board of Directors, said, “As reporting requirements expand and financial crime evolves, we believe TradingHub offers differentiated and powerful trade surveillance solutions that are mission-critical to sell-side and buy-side firms. We have followed TradingHub’s growth for several years and believe they have built an enviable market position with deep relationships with leading financial institutions. We look forward to collaborating with the team to help them achieve their long-term goals.”
