AxeTrading International Funding Round Includes International Finance Corporation

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AxeTrading International Funding Round Includes International Finance Corporation

AxeTrading, the award winning global fixed income trading software company, today announced that they have closed a significant Series A investment round with a group of global investors led by International Finance Corporation, part of the World Bank Group, alongside Sumscope and SixThirty.

This funding will enable AxeTrading to expand and deepen their global footprint and embrace market opportunities. AxeTrading is uniquely positioned to empower banks, buy-side firms, agency brokers and trading venues to maximize their fixed income trading strategies with aggregated liquidity, multiple pricing feeds, powerful client servicing and execution capability across voice and electronic trading.

Working with IFC as a strategic partner, AxeTrading will deliver scalable technology for dealers and trading venues to develop and accelerate the evolution of fixed income markets to broaden participation, which will provide liquidity and market transparency.

AxeTrading does not compete with trading venues, but partners with them to deliver an efficient, effective and modern fixed income trading experience that best serves their regional markets.

“We see a capital-markets future where most or all fixed income securities are traded electronically, enhancing price discovery, market transparency and liquidity. AxeTrading makes access to those markets feasible and simple for small and large participants alike. This matters even more in emerging markets, where participants tend to be small and young and unable to develop their own trading software and tools,” said Andi Dervishi, IFC’s Global Head of Fintech Investments.

Ralf Henke, co-founder and CEO of AxeTrading: “With this strategic and significant new investment, we will be able to accelerate our expansion in emerging markets and across the globe, including strengthening our business in North America. We are also thrilled to commit further resources to expanding our product breadth and depth for dealers and trading venues.”

NOTES TO EDITORS

AxeTrading is the award winning global fixed income trading software company that enables unique market making, price making and order execution with AxeTrader. This provides traders access to optimised, personalised and intuitive workflows delivered by highly flexible, agile and efficient technology. AxeTrading was founded in 2009 and is headquartered in London with a technology innovation centre in Germany and offices in Sydney and Singapore. axetrading.com

International Finance Corporation, a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2019, we invested more than $19 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit http://www.ifc.org.

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Jon Schubin
Cognito
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