• FOUNDING YEAR: 2010
    LOCATION:
    United States
    REGION:
    New York
    Last Update:
    9 Sep, 2019
    Phone:
    +1 646-786-8520

Description

FOCUS

PRODUCTS & SERVICES:
Electronic execution platform for the global interest rate swaps (IRS) market. Designated Contract Market & Swap Execution Facility Services for Traders.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Financial Institutions
EXISTING PARTNERSHIPS:
CME - To Deliver Credit Spread futures and trade.
COMMENT
Overcome the limitations in the current trading practices like less regulatory oversight, post trade transparency and less automation.

PEOPLE

FOUNDERS:
Sunil Hirani, Jim Miller
Board Members and Advisors:
Herbert Kozlov, Kevin Greene, Scott Murphy, Sunil Hirani, Patrick Parkinson
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Partnership Fund for New York City, Michaelson Capital Partners, Fox Ventures
KEY EMPLOYEES:
Sunil Hirani(CEO)

TRACTION

VALUATION / MARKET CAP:
$60 MM in 2014
COMMENT:
trueEX has executed over $2.8 trillion in trading volumes and $14.4 trillion in post-trade services (Nov 2016).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$37.14 Millions
DATE OF LAST FUNDING:
Jun 2016
TOTAL FUNDING COMMENT:
Venture Funding: $.34.75 M & Debt Financing: $3.43 M

LATEST RESEARCH