TrueEX is a financial technology company providing electronic execution platforms for the global interest rate swaps (IRS) market.
Based in NYC, trueEX is an electronic execution platform for the global interest rate swaps (IRS) market. It will initially serve the $300 trillion global interest rate swaps (IRS) market and expand into other liquid derivatives as appropriate. Interest rate swaps are currently traded largely over the phone, without regulatory oversight, pre-trade or post-trade transparency, and with very little automation.
The trueEX electronic exchange has been designed to serve the needs of both market makers as well as asset managers, hedge funds, and other buy-side firms.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Feb 26, 2016 | Series Unknown | $7.75M | — | — | — | Detail |
Jun 6, 2014 | Series Unknown | $9.21M | — | — | — | Detail |
Jan 30, 2014 | Series Unknown | $9M | — | — | — | Detail |
Jul 23, 2013 | Series Unknown | $5M | 1 | Partnership Fund for New York City | — | Detail |
Apr 5, 2012 | Debt Financing | $3.42M | — | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Partnership Fund for New York City | Yes | Series Unknown |