Quantitative Brokers (QB), an independent, global financial technology company providing advanced algorithms and data-driven analytics to clients in the futures and US cash treasury markets, today announced a $24 million strategic investment from Centana Growth Partners.
The capital infusion enables Quantitative Brokers to build on its established foundation as a world leading provider of agency algorithms. Through its dynamic, collaborative environment, the firm is continually focused on technological and financial innovation to empower futures and fixed income traders with execution expertise and analytics. Quantitative Brokers doubled its revenue in 2016 and has grown 25% YOY in 2017.
“Quantitative Brokers has already demonstrated its success as a company, and is well-positioned to help its clients navigate the changing market dynamics,” said Ben Cukier, partner and co-founder of Centana Growth Partners. “The portfolio managers and traders that make up Quantitative Brokers’ institutional clients deeply value the measurable price improvement, independence and neutrality offered through its algorithms."
“We take pride in our microstructure research and proprietary technology that has helped us evolve into a leading provider in execution algorithms and analytics for futures and treasury markets" said Dr. Robert Almgren, President and co-founder of Quantitative Brokers.
"Since our founding in 2008, the institutional investment community have increasingly turned to QB as a pioneer of innovative solutions that help them reduce and quantify their trading costs. Partnering with Centana will further accelerate our team and product expansions into new markets and increase our delivery of innovative quantitative tools to our growing client base” said Christian Hauff, CEO and co-founder of Quantitative Brokers.
Quantitative Brokers has experienced rapidly increasing demand for its algorithmic strategies, simulation tools and multi-broker TCA, which it provides to a variety of institutional clients including asset managers, hedge funds, CTAs and banks. The company is actively expanding into options on futures and Asian futures exchanges while hiring across all functions, recently adding a Head of Partnership Sales and new members to its research and technology teams.
Freeman & Co. LLC acted as the financial advisor to Quantitative Brokers in this transaction.