Morgan Stanley has closed an investment in high-performance platform 3forge, with the capital set to accelerate the business’ global go-to-market strategy as well as expand its development community.
The injection is the first time since its 2011 launch that 3forge has raised external capital.
Robert Cooke, founder of 3forge, said: “Morgan Stanley [is] a longstanding partner who truly understands the value and performance of 3forge technology. This is an exciting milestone as we continually expand our capabilities to help enhance client workflows and productivity.”
Tier-1 global banks, hedge funds, asset managers, exchanges, and sovereign wealth funds have been deploying 3forge’s platform since 2014.
The business provides front-end solutions which enable rapid integration, processing, and visualisation of real-time data.
Recently, new start-up hedge fund Jain Global – product of former Credit Suisse and Millennium Management veteran Bobby Jain – selected 3forge’s platform to support its trading activities.