Tradefeedr
A Powerful Platform for Collaborative Analytics in Capital Markets.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor | €0.0 | round | |
| N/A | $1.0m | Angel | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 75 % | 157 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Tradefeedr, established in 2018, operates as a financial technology firm dedicated to providing a unified data and analytics network for the global foreign exchange (FX) market. The company was co-founded by Balraj Bassi and Alexei Jiltsov, who both brought extensive experience from the banking sector to their entrepreneurial venture. Their careers at institutions like Citi and Deutsche Bank provided them with firsthand insight into the inefficiencies and data fragmentation prevalent in FX trading, which directly shaped Tradefeedr's mission. The platform is designed to create a common, standardized data layer accessible to a wide range of market participants, including liquidity providers, buy-side firms, and trading venues.
The core of Tradefeedr's offering is its independent, third-party platform that ingests, normalizes, and analyzes trading data from all major liquidity providers and electronic communication networks (ECNs). Clients, which range from asset managers and hedge funds to central banks and corporate treasuries, can submit their trading data to gain deeper insights into their execution quality and transaction costs. The business model appears to be subscription-based, where clients pay for access to the platform's analytical tools and data network. This service allows them to analyze and compare their trading performance against market benchmarks and peers in a confidential manner.
The platform's functionalities enable users to identify execution inefficiencies, optimize their trading strategies, and improve their relationships with liquidity providers through data-driven dialogues. By offering a standardized framework for transaction cost analysis (TCA), Tradefeedr simplifies complex workflows and enhances transparency across the market. Significant milestones for the company include its initial launch in 2020 and subsequent funding rounds, such as a $13 million Series A in 2021 led by IPGL, the private investment group of Michael Spencer. The company has continually expanded its network, integrating with major financial institutions and trading platforms to broaden its data coverage and analytical capabilities.
Keywords: FX data analytics, transaction cost analysis, liquidity providers, financial data network, forex trading, FinTech, institutional trading, execution quality, market transparency, buy-side