MarketFactory has secured a strategic investment from Accel-KKR, a leading Silicon Valley technology-focused investment firm. The funding will accelerate MarketFactory’s expansion into new markets and services to currency traders globally.
MarketFactory secures strategic investment from Accel-KKR, a leading Silicon Valley technology-focused investment firm.
MarketFactory provides a low-latency cloud that connects foreign exchange traders with 85+ exchanges to maximize their access to liquidity. As the FX market continues to fragment, connectivity is mission critical to trading. MarketFactory relieves the burden for internal IT departments by constantly adding venues and maintaining access through a single API. Further, MarketFactory is gaining momentum with their newly-launched pre-trade checks for brokers and funds looking to prevent runaway algos.
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“MarketFactory’s platform provides detailed data about the currency market that helps traders to innovate. We are very excited to find the right partner in Accel-KKR who understands the market structure importance of our business and growth trajectory,” said Darren Jer, CEO and Co-Founder of MarketFactory.
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“MarketFactory has been laser-focused on bringing efficiency and data insight to the foreign exchange market and their customers recognize that commitment,” said Samantha Shows, Managing Director and Head of Credit Investing at Accel-KKR. “We are excited to back this management team as they continue to free traders to innovate in foreign exchange and digital currencies.”
This marks the eleventh investment for Accel-KKR’s credit fund.
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