Tora looks to Europe following Goldman cash injection

Tora, a trading technology and financial services company focused on equities execution in Asia, plans to expand geographically following investment from Goldman Sachs.
By None

Tora, a trading technology and financial services company focused on equities execution in Asia, plans to expand geographically following investment from Goldman Sachs.

Tora announced that Goldman Sachs had made a minority investment in the firm and has said it plans to use the cash to increase its presence in Asian markets, including Australia and Singapore. The firm has also said it plans to look at expansion opportunities in Europe.

“We are well-positioned for growth given the outlook for regional trading volumes, increased adoption of electronic trading in Asia and – most importantly – our strong client service orientation.

The investment from Goldman Sachs is a milestone for the company and will allow us to broaden the depth and breadth of our service offering,” said Robert Dykes, CEO of Tora, in a statement.

Tora’s offering to buy-side firms includes the TORA Compass order and execution management system, the TORA Liquidity Services Asia-focused trading desk, the TORA Crosspoint non-displayed matching engine and the TORA Clearpool electronic over-the-counter marketplace.

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