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Screenshot of a breaking news alert e-mail from Q2 2017
Edgewater Markets, a NYC headquartered industry leader in electronic forex aggregation and distribution to global institutional clients, today announced the company has raised a $30 million growth equity minority investment led by FTV Capital. This first institutional capital raise will be used to enhance the company’s technology platform, grow the sales team and expand its global reach. As part of the transaction, FTV Capital partner Brad Bernstein will join the company’s board of directors and partner Kyle Griswold will join as a board observer.
“Edgewater’s mission is to consistently exceed the expectations of the most demanding institutional clients in one of the financial sector’s largest and most sophisticated markets. As we enter the next phase of expansion, we chose to partner with the FTV Capital team for its track record of building category leaders in financial services. We are confident that FTV’s deep domain expertise and extensive strategic network will contribute to Edgewater’s continued success,” said Skovran Schreder, co-founder and CEO of Edgewater Markets.
Founded in 2009, Edgewater has developed and utilizes the most advanced technology, featuring price engines and aggregation tools that enable liquidity to be delivered flexibly, securely and fully integrated into a client’s existing systems. Customers can choose to access Edgewater’s liquidity through leading white label solutions and its proprietary ECNs.
Alex Scarsini, co-founder and president noted, “Edgewater’s global footprint helps to ensure total access to FX markets throughout the world and provides its 250 plus clients – including hedge funds, institutional FX traders, brokers, banks, electronic communication networks (ECNs) and high frequency traders (HFTs) – with highly tailored, accurate and low cost FX electronic execution.”
To view the official release click here.
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