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Algotrader expands to the US

13.04.2018 10:35

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Swiss Fintech start-up Algotrader opens an office in New York. Veteran of Bloomberg, OneTick and RS Metrics, Richard Chmiel joins industry leader AlgoTrader as Chief Operating Officer to grow US business with a focus on Crypto-currencies.

AlgoTrader, the global leader in algorithmic trading solutions has hired financial services veteran Richard Chmiel, whose resume includes lengthy tenures as a senior executive for Bloomberg, global head of sales and marketing for OneTick and CEO of satellite analytics leader, RS Metrics. As Chief Operating Officer at AlgoTrader he will manage AlgoTrader’s global sales, business development, client success and marketing activities.

The hire follows AlgoTrader’s $1.5M financing round announced in February which was earmarked for investment in AlgoTrader’s overall business. The capital will help AlgoTrader maintain its lead in trading solutions for traditional asset classes like equities, forex, futures and options but also, crypto-currencies.

“I was really attracted by AlgoTrader’s comprehensive platform and proprietary technology used by the most discerning quantitative trading firms,” says Richard Chmiel of his addition to the fast growing AlgoTrader, “This company has a tremendous amount of momentum and I’m looking forward to bringing my skill set to help further its rapid growth.”

Founded in 2014 by Andy Flury, AlgoTrader is the leading quantitative strategy design, back testing, execution platform for all security types and asset classes globally including Cryptocurrencies. AlgoTrader’s rich functionality and superior modular architecture allows trading firms to fully automate their trading strategies in a comprehensive, cost efficient platform.

New York based AlgoTrader Inc. plans to hire top tier marketing, sales and pre-sales engineering talent to support its growth initiatives.

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