Leading buy-side provider in fixed-income cash and derivatives plans to scale distribution and development

February 06, 2024 07:59 AM Eastern Standard Time

STAMFORD, Conn.–(BUSINESS WIRE)–Adroit Trading Technologies today announced its Series A growth round of $15 million led by Centana Growth Partners, a specialized growth equity firm that invests in fintech and related enterprise software. The funding will be used to accelerate growth by expanding client distribution and investing further in research and development.

“We pride ourselves on solving the broad needs of fixed-income traders, servicing clients from investment managers to hedge funds and everything in between.”

Adroit is the most comprehensive execution management system (EMS) for OTC-heavy buy-side desks. The company offers a cross-asset, all-in-one tool for traders and portfolio managers who are active in cash and derivatives markets, often across tangled global account structures. The system integrates with dozens of trading venues, order management systems (OMSs), broker-dealers and data sources, to offer buy-side traders a single access point for execution, data and analytics.

“Adroit is not just in the fixed-income EMS business – we have defined it. In addition to giving traders the ability to execute trades, we enable traders to add operational alpha throughout the investment process. Traders need to move fast and process massive amounts of information, and over the last 10 years, we have shown how the right technology can be transformative,” Anil Jaglan, Founder of Adroit, said. “We pride ourselves on solving the broad needs of fixed-income traders, servicing clients from investment managers to hedge funds and everything in between.”

The industry projects a 60-70% growth in electronic fixed-income trading over the next decade, driven by regulatory changes, proliferation of available data, and technological advances. While automation and electronification are key drivers of volume and industry focus, a substantial share of OTC trading remains on voice and chat. Adroit’s success to date across diverse, nuanced OTC markets has been driven in part by solving for both high-touch voice-trading and automated, low-touch workflows.

“Adroit is a trailblazing EMS in fixed-income cash and OTC derivatives, addressing a void within a historically opaque industry. Adroit’s approach gives traders a uniquely powerful tool that removes complexities and enhances the execution process,” said Ben Cukier, Co-Founder and Partner of Centana Growth Partners. “Adroit has built a world-class EMS and has a roster of some of the most prominent buy-side clients, all built without outside funding. We’re proud to support the next phase of their business as they continue to scale and grow.”

Founded in 2014 as an all-encompassing OTC solution provider, Adroit has evolved into a dynamic force in EMS. The company achieved profitability in 2016, and by 2021, it strategically focused on EMS capabilities in fixed-income cash and derivatives, where the buy side’s need was most acute. The momentum carried into 2022 with Adroit being recognized as a “Rising Star” in the Chartis Research Buyside50 industry survey, and in 2023, it earned the title of “Best Overall EMS – Fixed Income.” Adroit serves large global clients across both hedge funds and long-only asset managers who, in aggregate, manage over $10 trillion in assets.

About Adroit

Since 2014, Adroit has offered the leading multi-asset front office EOMS solution, and empowers the most sophisticated of global investment managers. It is designed from the ground up to handle the intricacies of trading complex assets, including OTC derivatives, bonds, FX, and listed products. Adroit brings a passion to maximizing trader productivity while minimizing transaction costs. Our architecture features open APIs, for speedy implementation and maximum flexibility. Visit adroit-tt.com for more information.

About Centana Growth Partners

Centana Growth Partners is a specialized growth equity firm that invests in the future of finance. Centana collaborates with companies across the entire financial services ecosystem, from institutions to fintech disruptors, to add strategic and long-term value to their portfolio companies. Centana empowers entrepreneurs with a combination of capital, network, and expertise to accelerate their growth. The Centana team taps into decades of financial services expertise and insight to invest in companies that bring real value and innovation to the industry. Visit centanagrowth.com for more information.

Contacts

Media:
Corey Goldman
cgoldman@fullyvested.com
1-416-846-7953

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