AlgoTrader AG, a Swiss-based provider for fully-integrated and automated quantitative trading and trade execution, for both traditional and digital assets, today announced it has completed a new round of financing from institutional growth investors.
This series A round totaling CHF 3.7 million was led by an undisclosed global Tier 1 bank and was joined by investiere, BlockChain Valley Ventures and the seed-round investor NeueCapital.
Founded by Andy Flury, AlgoTrader consists of two business lines; one for traditional finance and the other for crypto finance. AlgoTrader is well known for its leading quantitative strategy design, testing, automation and trade execution platform across all asset classes.
“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.”
– Andy Flury, CEO & Chairman of the Board of Directors of AlgoTrader
With this trust from the investors, AlgoTrader will continue its growth and expansion to strengthen the financial hub and the digital asset ecosystem of both Switzerland and other countries together with its network of strong partners, for both traditional and crypto finance.
Automated Cryptocurrency Trading
AlgoTrader has direct exchange adapters to Bitfinex, Bitstamp, Binance, BitMEX and Bitflyer, historical data adapters to CoinAPI and CoinMarketCap, as well as live market data from CoinAPI. AlgoTrader also integrates Coinigy, an all-in-one digital currency platform. Coinigy offers connectivity to over 45 of the world’s most popular cryptocurrency exchanges, allowing to trade hundreds of different cryptocurrencies.
“Our parliament will soon vote on a set of laws that would put Switzerland far ahead of any other jurisdiction when it comes to the issuance of crypto securities. AlgoTrader is well-positioned to benefit from this development as it provides the essential building blocks for traders to tap not only into traditional markets, but also into the emerging world of decentralized, blockchain-based finance.”
– Luzius Meisser, Member of the Expert Council of Swiss Blockchain Federation Board Member AlgoTrader, Board Member at Bitcoin Suisse and Founder of Meisser Economics
Appointment of Roger Altorfer to AlgoTrader Board of Directors
The AlgoTrader team also announced the appointment of 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. Roger now completes the Board of Directors.
This newly elected Board of Directors now consists of the following Board Members; Andy Flury (Chairman of the Board), Luzius Meisser, Martin Trepp and Roger Altorfer.
“It’s an honor 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.”
– Roger Altorfer, Board Member AlgoTrader and Member of the Executive Committee at Microsoft Switzerland
Roger originally started his career within the Swiss Banking industry where he held various positions in the Operations and Trading departments of Swiss Banks.
For more than ten years, he worked for a large Consulting and System Integrator as a Consulting Partner where he was responsible for large business and IT transformation projects within the Financial Services sector. He joined Microsoft in 2013 and advises large customers on their journey to the Cloud. He became a trusted advisor for many customers and a thought leader within the marketplace.