Order and execution management platform, Adroit Trading Technologies, has raised $15 million in its series A funding round led by specialised growth equity firm, Centana Growth Partners, with the capital set to be used to accelerate the business’ growth.
Specifically, the injection will expand client distribution and allow for further investment in research and development.
Anil Jaglan, founder of Adroit, said: “Adroit is not just in the fixed-income EMS business – we have defined it. In addition to giving traders the ability to execute trades, we enable traders to add operational alpha throughout the investment process. Traders need to move fast and process massive amounts of information, and over the last 10 years, we have shown how the right technology can be transformative.”
Adroit’s offering is a single point of access, cross-asset, all-in-one tool for traders and portfolio managers active in cash and derivatives markets (often across tangled global account structures).
Founded by Jaglan in 2014 focused on OTC solutions, Adroit has since expanded into EMS and achieved profitability in 2016. Since 2021 the business has strategically focused on EMS capabilities in fixed-income cash and derivatives, where the business claimed: “the buy-side’s need was most acute”.
Adroit’s system integrates with dozens of broker-dealers, data sources, trading venues, and order management systems (OMSs), broker-dealers and data sources. It services the likes of Invesco.
“Adroit is a trailblazing EMS in fixed-income cash and OTC derivatives, addressing a void within a historically opaque industry,” said Ben Cukier, co-founder and partner of Centana Growth Partners.
“Adroit’s approach gives traders a uniquely powerful tool that removes complexities and enhances the execution process. Adroit has built a world-class EMS and has a roster of some of the most prominent buy-side clients, all built without outside funding.”