What is trueEX Group?
trueEX Group operates as a regulated exchange and swap execution facility (SEF) approved by the Commodity Futures Trading Commission (CFTC). It is recognized for its pioneering role in facilitating the trading of interest rate swaps, having processed over $2.8 trillion in trading volumes and $14.4 trillion in post-trade services. The platform employs request-for-quote (RFQ) trading protocols and a proprietary portfolio terminations and compactions (PTC) system, enabling efficient trade management and direct connectivity to multiple clearing houses. Its innovative approach has earned it accolades such as SEF of the Year and inclusion in prestigious rankings like the Institutional Investor Tech 50 and Forbes Fintech 50.
How much funding has trueEX Group raised?
trueEX Group has raised a total of $65M across 11 funding rounds:
Multiple Rounds
$2.8M
Unspecified
$3.4M
Private Equity
$3.7M
Multiple Rounds
$22M
Private Equity
$9.2M
Private Equity
$16.1M
Private Equity
$7.8M
Unspecified (2011): $1.1M, investors not publicly disclosed
Unspecified (2011): $650K, investors not publicly disclosed
Unspecified (2011): $975K, investors not publicly disclosed
Unspecified (2012): $3.4M, investors not publicly disclosed
Private Equity (2012): $3.7M, investors not publicly disclosed
Private Equity (2013): $8M, investors not publicly disclosed
Other Financing Round (2013): $5M led by Partnership Fund for New York City
Private Equity (2013): $9M, investors not publicly disclosed
Private Equity (2014): $9.2M, investors not publicly disclosed
Private Equity (2015): $16.1M, investors not publicly disclosed
Private Equity (2016): $7.8M, investors not publicly disclosed
Key Investors in trueEX Group
Partnership Fund for New York City
The Partnership Fund for New York City is a nonprofit organization that mobilizes the private sector to support economic growth and innovation within New York City. It collaborates with public and civic entities to address urban challenges and foster job creation, particularly in emerging industries.
What's next for trueEX Group?
The substantial enterprise-level backing received by trueEX Group positions it for continued expansion and innovation within the derivatives market. With a proven track record of facilitating significant trading volumes and providing advanced trade management solutions, the company is poised to enhance its offerings and potentially broaden its portfolio of liquid derivatives. This strategic investment will likely fuel further technological development, market penetration, and the strengthening of its regulatory compliance framework, solidifying its competitive edge in the global financial exchange landscape.
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