Apple | Mobile |
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Business Dev & Design Entertainment | Social Media Tech Web Video |
Apple | Mobile |
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Business Dev & Design Entertainment | Social Media Tech Web Video |
Develops solutions for financial institutions trading foreign currency.
Year Established: | |
Funding: | |
Address: | New York, NY 10111 |
Telephone: | |
Mobile: | |
Fax: | |
Mail: | info@tradertools.com |
Company URL: | http://www.tradertools.com |
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Lawrenceville NJ January 6 2010 - Edison Venture Fund announced completion of $1.3 million follow-on investment in NY-based TraderTools. The total financing of $2.3 million was led by Edison and included existing investors. The use of proceeds will expand sales marketing customer support services and product development. Edison has invested more than $8 million in the Company. In addition Co-Founder Yaacov Heidingsfeld has been named CEO. In connection with this financing John Geraci former Advent Software sales executive and Edison Director Network member joined the board.
TraderTools provides business solutions software and services to financial institutions trading foreign currency. The Companyâs Liquidity Management PlatformTM is the only system to integrate the four disciplines of electronic FX trading: pricing dealing order management and execution. The company is headquartered in New York with R&D facilities in Raanana Israel. Customers include Man Group Julius Baer BHF-BANK Dresdner Bank Prudential Financial TD Securities and Thomson Financial.
âEdisonâs strategic counsel and experience accelerating growth of their portfolio companies has been instrumental to our success in 2009â commented TraderToolsâ Chairman of the Board Martin S. Fawer. âWith Edisonâs continued guidance we look forward to significantly increasing our revenues in 2010â stated CEO Yaacov Heidingsfeld. Chris Sugden Managing Partner serves on the Board of Directors along with Edison Director Network member Mark Galant. Mark is Founder and Chairman of Edison success Gain Capital (Forex.com) a global leader in retail FX trading. Tom Vander Schaaff VP Analysis conducted Edisonâs due diligence.
âYaacovâs deep domain expertise and sales leadership will help the Company to scale to the next levelâ stated Chris Sugden. âCustomers continue to praise Trader Toolsâ innovative solutions and exceptional serviceâ added Tom Vander Schaaff.
Edison has invested in 32 Fintech businesses. Active portfolio companies include Archive Systems Billtrust Blue Cod FolioDynamix IPP Liberty Tax Neat Portico Scivantage Tangoe and Telarix. FinTech exits include Best Software DPM EdgeTrade E-Transport Longview Solutions and Princeton Financial Systems.
Edison has made 16 investments in New York including: CorrectNet eChalk EdgeTrade FinePoint FolioDynamix M5 Networks Operative Pinnacle Tax and SmartAnalyst.
About Edison Venture Fund
Established in 1986 Edison partners with entrepreneurs service providers and other financing sources to build successful companies. Edison provides capital and value-added services to late stage ($5 to 20 million revenue) information technology businesses. Initial investments range from $5 to 8 million. Edison typically serves as the sole or lead investor in financings up to $10 million. In addition to providing expansion capital Edison funds management buyouts recapitalizations spinouts and secondary stock purchases.
Edisonâs investment professionals are based in Lawrenceville NJ New York NY Needham MA and McLean VA. Industry specialties include application software communications financial technology interactive marketing and healthcare IT. Edisonâs successes include Axent MathSoft POMS Mapics Netegrity Visual Networks VirtualEdge Vocus and many other information technology leaders which have a combined market value exceeding $5 billion. Edison currently has $550 million under management and is actively making new investments.
About TraderTools
TraderTools⢠LLC is a provider of business solutions software and services to financial institutions trading FX. TraderToolsâ Liquidity Management Platform⢠is the only system to integrate the four disciplines of electronic FX trading: pricing dealing order management and execution. Our unique Dynamic Liquidity Manager⢠monitors and controls inward and outward liquidity flows making pricing and execution decisions in real time. We empower banks to maintain their leadership positions in FX with a single deployment and a single point of contact. And we work together with them to activate functionality according to their business strategy and timetable. Learn why the worldâs financial services giants are using TraderTools to better manage their liquidity and optimize their FX trading operations by visiting www.tradertools.com or emailing us at sales@tradertools.com.
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New York NY December 8 2009 - TraderTools Inc. (TraderTools) a provider of business solutions software and services to financial institutions trading FX announced today that BayernLB one of the largest banks in Germany licensed TraderTools Liquidity Management Platform (LMP) as the foundation for its FX trading operations. The TraderTools platform will deliver full FX liquidity management services including pricing and liquidity aggregation dealing order management execution and algorithmic trading.
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"Throughout our 125-year history a key objective has always been to answer our customers demands with the most appropriate products and services available" stated Marc Burgheim Head of FX Trading at BayernLB. "Todays customers want quick and streamlined FX trading services. With TraderTools Liquidity Management Platform we can deliver just that - liquidity aggregation comprehensive order management and manual or automatic executions using algorithmic trading - with full STP."
"We are looking forward to working with BayernLB to help manage their FX liquidity more efficiently" added Mark Mayerfeld Executive VP International Sales at TraderTools. "The state-owned BayernLB joins other leading banks in Germany such as BHF and Dresdner that are using our LMP for global FX."
About BayernLB
BayernLB was formed in 1972 from the merger between Landesbodenkreditanstalt and Bayerische Gemeindebank. Under its revised strategy it will concentrate on the Mittelstand large corporates commercial real estate and retail banking segments from now on. BayernLB has strong relationships with German and international customers and is excellently positioned in export and project financing particularly in the growing renewable energy market. BayernLB is headquartered in Munich with Germany and selected European countries forming the regional focus of its business. It also has a presence in major financial centres around the world.
About TraderTools
TraderTools⢠Inc. is a provider of business solutions software and services to financial institutions trading FX. TraderTools Liquidity Management Platform⢠is the only system to integrate the four disciplines of electronic FX trading: pricing dealing order management and execution. Our unique Dynamic Liquidity Manager⢠monitors and controls inward and outward liquidity flows making pricing and execution decisions in real time. We empower banks to maintain their leadership positions in FX with a single deployment and a single point of contact. And we work together with them to activate functionality according to their business strategy and timetable. Learn why the worlds financial services giants are using TraderTools powered by Smart Trade to better manage their liquidity and optimize their FX trading operations by visiting www.tradertools.com or emailing us at sales@tradertools.com.
TraderTools Liquidity Management Platform Dynamic Liquidity Manager and the tagline "The eFXperts" are trademarks of TraderTools Inc.
Contact information
BayernLB
presse@bayernlb.de
TraderTools
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Sales:
Mark Mayerfeld EVP International Sales
Tel: +1-212-782-3550
E-mail: mark@tradertools.com
Media:
Ian Tick Director Marketing
Tel: +972-9-740-8880
E-mail: ian@tradertools.com
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Under Fawers nine years of leadership TraderTools has grown from a small start-up into a leading technology company providing unique and robust FX trading platforms to some of the worlds largest financial institutions.
Co-founder Fawer commented "Now that the company is firmly established and has a strong transactional orientation the time has come to hand the controls over to Yaacov Heidingsfeld my co-founder and COO. The Board and I believe that Yaacov possesses the trader mentality and leadership qualities necessary to bring TraderTools to the next level."
"Without Marty there would be no TraderTools period" emphasized Heidingsfeld. "As CEO I look forward to working closely with the Chairman to realize our goal of becoming the worlds leading provider of FX trading business solutions software and services."
About TraderTools
TraderTools⢠Inc. is a provider of business solutions software and services to financial institutions trading FX. TraderTools Liquidity Management Platform⢠is the only system to integrate the four disciplines of electronic FX trading: pricing dealing order management and execution. Our unique Dynamic Liquidity Manager⢠monitors and controls inward and outward liquidity flows making pricing and execution decisions in real time. We empower banks to maintain their leadership positions in FX with a single deployment and a single point of contact. And we work together with them to activate functionality according to their business strategy and timetable. Learn why the worlds financial services giants are using TraderTools powered by Smart Trade to better manage their liquidity and optimize their FX trading operations by visiting www.tradertools.com or emailing us at sales@tradertools.com.
TraderTools Liquidity Management Platform Dynamic Liquidity Manager and the tagline "The eFXperts" are trademarks of TraderTools Inc.
Contact information
Ian Tick Director Marketing
Tel: +972-9-740-8880
E-mail: ian@tradertools.com
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Algorithmic FX Trading - e-FOREX October 2009
With smart order routers increasingly included as components in liquidity management solutions for FX trading platforms SOR should not be seen in isolation but as part of the overall way to achieve best execution.
FX Aggregation Focus - e-FOREX October 2009
So is solving the connectivity issues simply a question of cost? "I think it is more about relationships" says Yaacov Heidingsfeld chief operating officer at US-based FX trading technology developer TraderTools.
Reducing the risks: Managing liquidity effectively - e-FOREX July 2009
New York-based TraderTools Inc. has developed a Liquidity Management Platform (LMP) now deployed at leading global banks. The LMP has four modules: pricing and aggregation order management dealing and execution.
TraderTools and Caplin Partner - Profit & Loss 18 May 2009
TraderTools has signed an OEM agreement with Caplin Systems to integrate Caplin Trader with its own Liquidity Management Platform (LMP). Caplin Trader will be used as a thin-client front-end for users accessing TraderTools LMP via the Internet.
Liquidity Management: The Key to the FX Sell-Side - e-FOREX October 2008
Liquidity Management as it relates to financial services companies is a topic that has received a growing of attention in recent months. New reports from TABB AITE Financial Insights and ClientKnowledge examine Liquidity Management solutions being considered by various institutions and document some of the early adopters in the marketplace.
FXOM: Let the games begin! - e-FOREX June 2006
This article will address Foreign Exchange Order Management (FXOM) as a key differentiator among Foreign Exchange (FX) liquidity providers. It will highlight some of the advanced functionality being developed in the area of electronic Foreign Exchange (eFX) and explore the factors that are driving banks to invest in FXOM products.
Pricing IQs - Developing More Intelligent Rate Engines - e-FOREX April 2006
To be a leader in the world of electronic Foreign Exchange (eFX) institutions are faced with the challenge of meeting increased demand for deal flow lowering the cost of acquiring the business and maintaining the level profitability.
Extending The E-channel - Digital FX October 2005
To be a leader in the world of electronic Foreign Exchange (eFX) institutions are faced with challenge to continue to bring new clients to the marketplace.
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Sell Side Distribution - Buy Side Consolidation - e-FOREX October 2005
RateTools streams and captures real-time dealable prices enabling banks or other financial institutions to become an electronic liquidity provider or deal on electronic streaming rates.
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e-FX Paves The Road For FX Algorithmic Trading - e-FOREX April 2005
The advent of e-FX has made algorithmic trading possible in the FX world by providing efficient distribution of market rates and the ability to automatically execute trades according to algorithmic parameters.
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TraderTools Signs SG Lloyds - Profit & Loss July/August 2004
TraderTools the New York-based e-trading systems provider formerly known as PFS TraderTools is enjoying the benefits of markets on the rise with a number of new clients including SG CIB and Lloyds TSB signing contracts in the last few months.
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Creating a Real-Time STP Environment For eFX - e-FOREX July 2003
At the project meetings you attend the main topic is why havent you completed that STP project for your financial institution? The obvious question if STP is so great why after all this time is (almost) everyone still talking about it with few if any having implemented it?
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Pricing - Unravelling A Complex Methodology - e-FOREX January 2003
To be a leader in the world of e-Forex business a financial institution needs the ability to provide immediate and simultaneous prices to multiple e-trading applications across the full spectrum of Forex products.
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A Complete e-FX Trading System - Finally - e-FOREX October 2002
STPlatform enables banks and brokerages to deliver comprehensive and sophisticated web-based trading services to clients. Finally.
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Enliven the static web - nyb empire March 2002
At TraderTools they expect to revolutionize the real-time transmission of information over the web. TraderTools Thinvisibleâ⢠technology currently used to display dynamic stock quotes displays changes as they happen without user interaction and without special softwareââ¬Â¦
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New York NY June 8 2009 - TraderTools Inc. (TraderTools) a provider of business solutions software and services to financial institutions trading FX announced today that TraderTools has been recognized by Profit and Loss Magazine as the Best Liquidity Aggregation Platform in the publications 2009 Digital Market Awards.
TraderTools Liquidity Management Platform⢠(LMP) was selected by Profit and Loss readers as the Best Liquidity Aggregation Platform for its ability to enable financial institutions to trade FX automatically from pricing and aggregation through dealing and order management to execution and algorithmic trading â all in real time.
"Banks trading FX are demanding the most forward-thinking technologies in order to keep ahead of the game during these challenging times" said Yaacov Heidingsfeld COO of TraderTools. "Recognition as the Best Liquidity Aggregation Platform by Profit and Loss affirms the fundamental role liquidity management plays in FX trading and validates our ability to provide FX traders with the right tools at the right time."
About TraderTools
TraderToolsâ¢Inc. is a provider of business solutions software and services to financial institutions trading FX. TraderTools Liquidity Management Platform⢠is the only system to integrate the four disciplines of electronic FX trading: pricing dealing order management and execution. Our unique Dynamic Liquidity Manager⢠monitors and controls inward and outward liquidity flows making pricing and execution decisions in real time. We empower banks to maintain their leadership positions in FX with a single deployment and a single point of contact. And we work together with them to activate functionality according to their business strategy and timetable. Learn why the worlds financial services giants are using TraderTools powered by Smart Trade to better manage their liquidity and optimize their FX trading operations by visiting www.tradertools.com or emailing us at sales@tradertools.com.
TraderTools Liquidity Management Platform Dynamic Liquidity Manager and the tagline "The eFXperts" are trademarks of TraderTools Inc.
Contact information:
Sales:
Mark Mayerfeld EVP International Sales
Tel: +1-212-333-3770 ext. 229
E-mail: mark@tradertools.com
Media:
Ian Tick Director Marketing
Tel: +972-9-740-8880
E-mail: ian@tradertools.com
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Edison Venture Fund,Undisclosed Firm
Martin S. Fawer - Chairman of the Board
Yaacov Heidingsfeld - Chief Executive Officer, Co-founder
Baruch Chasid - Chief Technology Officer
Mark Mayerfeld - Executive VP, International Sales
Monty Deitcher - VP, Operations
Aharon Haber - VP, Strategic Services