Chicago, IL – According to filings with the U.S. Securities and Exchange Commission, Tractiv is raising $2,249,997.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Drew Orsinger played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Tractiv
Tractiv has developed a software platform that provides visibility and security for market data transactions in the financial industry via an immutable distributed ledger, a critical component of our solution architecture. Market data are trade records, business intelligence, and other proprietary information used to understand and inform investment decisions. Customers in this $32 billion industry include large financial exchanges who produce market data, consolidated market data vendors who resell data, and data end-users such as banks and trading firms. Financial exchanges and consolidated vendors lose millions of dollars a year from illicit redistribution and contract violations. Data end-users pay too much for data they do not need. They are also vulnerable to audits, litigation from violating licensing agreements, and inefficiencies with regard to how data is used internally. Consolidated data vendors purchase and sell market data and thus suffer from both types of pains. Our solution enables large financial exchanges and consolidated vendors to prevent illicit data redistribution while enabling the ecosystem to understand data usage. Implementation of the Tractiv software enables producers to distribute content through one platform and recover lost revenue due to illicit redistribution. Data consumers access multiple data feeds through one Tractiv API, eliminate costly audits, and improve how they manage their data purchases. The broader social value of the Tractiv solution is thus increasing industry productivity, greater market segmentation and expansion, and lower transaction costs.

To learn more about Tractiv, visit http://www.tractiv.com/

Contact:
Drew Orsinger, Chief Executive Officer
630-430-8313
https://www.linkedin.com/in/drew-orsinger/

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