TRAFiX LLC, a prominent provider of order and execution management software (OEMS) and FIX connectivity solutions has recently received a strategic growth investment from Marlin Equity Partners.
The move is set to allow the company to bolster its position in the market, and expand, while also building new innovative products and investing new staff.
The investment from Marlin is also the first the first institutional capital raised by TRAFiX since its inception in 2013. Whilst the financial arrangements of the deal were not disclosed, it has been revealed that Marks Baughan served as financial advisor and DLA Piper served as legal advisor to TRAFiX, while RBC Capital Markets served as financial advisor and Goodwin Proctor served as legal advisor to Marlin.
TRAFiX offers a tailor-made OEMS solution that plays a pivotal role in supporting critical trading workflows. This solution provides seamless access to capital markets through a purpose-built, multi-asset, multi-geography trading system. The firm’s versatile offering caters to global capital market participants and assists in electronic trading workflows for equities, complex options, and various other asset classes.
Walter Fitzgerald, co-founder and CEO of TRAFiX, said, “This transaction represents an incredible growth opportunity for TRAFiX and positions our company to further advance our position within our core markets. Marlin brings robust software and financial technology industry experience, operational expertise and financial resources.
“We look forward to continuing to innovate and expanding our footprint with their support. Marlin shares our strategic vision of continuously improving capital markets trading performance and productivity. We are excited to take the next step in our evolution with Marlin as our partner given their strong history of building and scaling enterprise software companies globally,” he continued.
“We seek to partner with innovative founders and knowledgeable management teams to accelerate growth, and we see a great opportunity to collaborate with TRAFiX’s impressive team,” said Alex Beregovsky, a managing director at Marlin. “We believe TRAFiX is uniquely positioned within the highly strategic capital markets landscape and is particularly differentiated with a robust, scalable, and modular trading suite. We are excited to provide operational and financial support to enhance TRAFiX’s product roadmap and extend its global reach as the company continues to grow and invest deeply in its customer relationships,” added Hemal Patel, a principal at Marlin.
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