AlgoTrader AG, a global provider of algorithmic trading systems, recently reported that its year over year revenue had grown by 170% in the first year following its seed financing round, which happened in early 2018. The firm also announced the hiring of Jakob Bosshard who has extensive experience as an executive in the financial services sector including as a senior technical executive at UBS. Bosshard was hired as AlgoTrader’s Chief Operating Officer where he will be responsible for the firm’s global customer support, engineering, projects and administrative duties.
Jakob Bosshard, the new COO commented:
I was really attracted by AlgoTrader’s comprehensive platform and innovative technology used by the most sophisticated quantitative trading firms. This company has a tremendous amount of momentum, a great team to work with and I’m looking forward to bringing my skill set to help maintain its rapid growth.
AlgoTrader was founded by Andy Flury in 2014 as a global platform for designing quantitative strategies, back testing and executing such strategies on all types of securities and asset classes including cryptocurrencies.
The CEO and Founder of AlgoTrader, Andy Flury explained:
Jakob is an ideal fit to help AlgoTrader manage its growth and hone our software development plans. We were looking to bring on a senior manager skilled in software development and with experience in the financial industry. With his broad market knowledge and variety of managerial experiences, Jakob will be overseeing our delivery teams. We’re excited to see him help scale AlgoTrader with the same success he’s had in his past ventures.
Jakob Bosshard has worked in leadership roles where he oversaw the successful unification and renewal of core banking and trading infrastructure for major banks including the introduction and expansion of analytics and big data used for investment banking and wealth management as well as the launch of robo advisor services at different financial institutions.
Managing Partner at NeueCapital Partners, Christian Janson-Euterneck added:
As an institutional investor in AlgoTrader, I am delighted to see someone of Jakob’s caliber join AlgoTrader. The Board is confident that he will manage and scale the software development process to meet the increasing market demand for sophisticated, all-in-one algorithmic trading functionality for all asset classes especially now, Crypto-currencies.