UNX, the US-based trading technology solutions provider, has secured funding which will enable it to offer multi-asset class trading and expand into global capital markets.
New investors Broadhaven Capital Partners and Matthew Pritzker Company will join existing backers Goldman Sachs, UBS Investment Bank and Vernon & Park Capital.
UNX recently enhanced the portfolio and single-stock trading capabilities of its Catalyst execution management system (EMS), integrated broker algorithms, portfolio trading and other electronic trading services into the Catalyst Portal and EMS.
UNX intends to develop electronic trading capabilities for options and futures and extend its order routing and trading network into Europe.
“By expanding into new asset classes and new markets, we can solidify our position as a leader in broker-neutral, next-generation technology that fosters a collaborative environment within the capital markets trading community, ” said Thomas Kim, CEO, UNX.
“An independent, multi-broker EMS and portal that allows institutional clients, broker-dealers and vendors to integrate their own specific offerings resonates with a growing number of electronic trading professionals,” said Gerard von Dohlen, co-founder of Broadhaven Capital Partners.