Tradefeedr secures $3 mn in early-stage financing from IPGL

By Megha Bhattacharya

London-based Tradefeedr today announced that it has raised $3 million in early-stage financing from IPGL, the private investment company owned by Lord Michael Spencer. The company was established in 2018 by Balraj Bassi and Alexei Jiltsov, who had previously worked together at Lehman Brothers and launched Blacktree, a macro systematic hedge fund.

Bassi and Jiltsov said, “We are excited by the support we have received from IPGL and that someone of Seth’s calibre has agreed to become our Chairman. We believe that our platform will deliver significant benefits to market participants, through improving collaboration and giving better access to trading information, which will lead to enhanced decision making. There is a huge demand for greater transparency in financial markets and Tradefeedr can help meet that demand.”

The company allows clients to query and analyse their FX trading data from participating liquidity providers and ECNs via a standardised API, enabling them to improve the quality of their trade execution.

Seth Johnson has been appointed as Tradefeedr’s Chairman said, “I am delighted to become chairman of Tradefeedr and have the opportunity to back the business. Tradefeedr is precisely the type of company we used to look to invest in when I was at NEX – one with great technology, a great product and great growth potential, as well as talented and expert founders. I am looking forward to working with Balraj and Alexei to help them deliver on the company’s potential.”