AX Trading Group has entered into an agreement that has secured it an investment worth $20 million, as the firm moves forward with expansion plans.
The electronic trading network company will use the investment to expand its global footprint and build its AX proprietary trading technology in the Asia region.
Chief executive officer at AX Trading Group, George O’Krepkie, explained the firm is “poised to deliver an auction model technology for equity market participants worldwide.”
“This alternative to traditional trading is increasingly demanded as an essential tool for securing liquidity and execution – especially in thinly traded issues,” he added.
Terms of the investment were not disclosed and the transaction is reportedly the first in a series of strategic moves for expansion.