AT

Adroit Trading Technologies


Company Overview


Adroit Trading Technologies is a company specializing in intelligent trading systems designed for institutional investors. The company’s technology supports operations across OTC spread and macro markets, providing a comprehensive, integrated O/EMS platform. Adroit Trading Technologies is known for its broad asset coverage and end-to-end OTC asset trading capabilities. The company aims to improve liquidity and reduce regulatory and operational risks for its clients.


  • Key Offerings: Intelligent trading systems, OTC asset trading, regulatory and operational risk minimization

  • Recent Highlights:

  • Series A Funding: Raised $15 million in a funding round led by Centana Growth Partners in February 2024.

  • Significant Partnerships: Invesco selected Adroit as their cross-asset EMS, highlighting the company's market influence and technological capabilities.


Key People



Anil Jaglan


  • Role: Founder, Architect

  • Experience: 20+ years in leading fintech development and architecture teams at buy-side firms like Bridgewater, Saracen Energy, and Amaranth.

  • Education: National Institute of Technology (India)

  • Notable Achievements: Spearheaded the company's growth with a strong vision towards technology integration and market adaptability.


Peter Myers


  • Role: Partner, Development

  • Experience: 15+ years in financial technology, including a decade at Bridgewater Associates focusing on portfolio optimization algorithms.

  • Education: Princeton University, CFA Charterholder

  • Location: Norwalk, CT

  • Network: 277 connections on LinkedIn, active participation in innovative tech projects within the financial sector.


Greg Azrak


  • Role: Head of Business Development

  • Experience: 20+ years in financial services, managing sales, product, and client relationships at JP Morgan and MarketAxess.

  • Education: University of Virginia

  • Professional Insight: Experienced in spread e-commerce, credit fintech, futures, and OTC derivatives clearing.


Nicholas Wetherbee


  • Role: Head of Product

  • Experience: 10+ years in financial technology product management, previously with Opera Solutions specializing in machine learning technologies.

  • Education: Duke University

  • Professional Focus: Develops and manages financial tech products with an emphasis on systematic investment management.


Key Developments and Market Position


  • Funding and Growth: Adroit Trading Technologies secured a substantial financial boost with a $15 million Series A funding round in February 2024. Lead investor Centana Growth Partners emphasizes the strategic growth and scaling plans underway.

  • Technological Innovations: The platform supports an integrated approach to trading, covering broad asset classes while integrating with multiple liquidity and data providers through open APIs and GUIs.

  • Strategic Partnerships: Their selection by notable institutional clients like Invesco underscores their role in the financial technology landscape, enhancing their market credibility and expanding their influence in cross-asset electronic management systems (EMS).


Competitor Profiling for Adroit Trading Technologies



Key Competitors of Adroit Trading Technologies



1. GAIN Capital


  • Headquarters: Warren, New Jersey, United States

  • Founded: 1999

  • Key Services: Online trading services including foreign exchange (forex), contracts for difference (CFDs), and futures trading.

  • Notable Acquisitions:

  • Acquired by StoneX Group Inc. in February 2020 for approximately $236 million.

  • In October 2014, acquired UK-based City Index for $118 million.

  • In February 2017, acquired FXCM's US client base for $7.2 million.

  • Revenue: Exceeded half from outside the US, servicing customers in over 140 countries.

  • Regulatory Issues: Fined $459,000 by the NFA in 2010 for practices benefiting Gain to the detriment of customers.


2. SunGard


  • Headquarters: Wayne, Pennsylvania, United States

  • Founded: 1983

  • Defunct: 2015 (Acquired by FIS)

  • Key Services: Software and services for the financial, educational, and public sectors.

  • Revenue: $4.991 billion in 2011

  • Notable Acquisitions: Numerous over 20 years, including GL Trade for nearly $1 billion and SCT for $590 million in 2004.

  • Key Historical Facts:

  • Went private in a leveraged buyout deal valued at $11.3 billion in 2005.

  • Spun off its Availability Services business in March 2014 to form Sungard AS.


3. ION Group


  • Headquarters: Dublin, Ireland

  • Founded: 1999

  • Key Services: Automation software solutions for trading, position management, pricing, risk management, and downstream processing.

  • Notable Acquisitions:

  • Wall Street Systems in 2011.

  • Patsystems in 2012.

  • Triple Point Technology for $900 million in 2013.

  • Fidessa for $2.1 billion in April 2018.

  • Revenue: Generated more than $300 million in EBITDA as per the Carlyle Group's 2016 report.

  • Key Clients: Financial institutions, multinational corporations, central banks.


4. Finastra


  • Headquarters: London, England, UK

  • Founded: 2017 (Merger of Misys and D+H)

  • Key Services: Financial software for retail banking, transaction banking, lending, and treasury capital markets.

  • Revenue: USD $1.9 billion (2021)

  • Notable Acquisitions:

  • Acquired Olfa Soft in January 2018 for its FX e-trading platform.

  • Acquired Malauzai, a provider of mobile and internet banking solutions, in June 2018.

  • Key Historical Facts: Formed by Vista Equity Partners' combination of Misys and D+H, considered the third-largest financial services technology company globally.


5. Capitolis


  • Headquarters: New York, United States

  • Founded: Not specified

  • Key Services: Capital marketplace solutions and portfolio optimization for reducing risk and improving capital utilization.

  • Investors and Leadership: Backed by top venture capital firms and global banks, founded by Gil Mandelzis and Tom Glocer.

  • Notable Initiatives: Focus on creating safer and more efficient financial markets through innovative technology and sustainability practices.


Analysis and Strategic Insights



Adroit Trading Technologies operates within a highly competitive landscape. GAIN Capital leverages its extensive global presence and multiple acquisition strategies to maintain a significant share in online trading services. SunGard’s historical growth by acquisition and eventual absorption by FIS highlights the dynamic nature of strategic mergers in this industry. ION Group’s focus on automation and comprehensive asset class coverage presents robust competition, alongside its aggressive acquisition strategy to broaden its service scope. Finastra’s amalgamation of Misys and D+H into a financial software behemoth and its open development platform exemplifies a balanced approach combining legacy systems and modern fintech solutions. Capitolis stands out with its unique approach to capital marketplaces and risk management, showcasing the evolving nature of financial technologies.

Understanding the strengths and strategies employed by these competitors provides crucial insights for Adroit Trading Technologies to refine and evolve its market strategies, harnessing innovation and strategic partnerships to maintain a competitive advantage within the financial technology domain.