AX Trading Group Secures $20 Million Financing
- 27.10.2016 08:15 am
AX Trading Group, Inc. announced today that it has entered into an agreement which secures a $20 million investment. Source and terms of the investment were not disclosed. The transaction is the first in a series of anticipated strategic moves to expand the firm's global market position.
The investment enables AX to expand its global technology footprint into Europe and Asia. Using the proprietary AX technology, market participants worldwide can now efficiently access liquidity while reducing costs.
George O'Krepkie, CEO of AX Trading Group, Inc. said: "With this capital, AX is poised to deliver an auction model technology for equity market participants worldwide. This alternative to traditional trading is increasingly demanded as an essential tool for securing liquidity and execution – especially in thinly traded issues. Securing this round of financing enables us to build our world class technology capability in Asia."