SpectrAxe LLC, a NYC-based market for OTC FX choices, closed a Sequence A funding spherical of undisclosed quantity.
The spherical was led by Susquehanna Personal Fairness Investments, a member of the Susquehanna Worldwide Group of corporations, with IMC and CTC as co-investors.
The funding will speed up the corporate’s transformation of OTC FX choices buying and selling via its all-to-all central restrict order ebook (CLOB) platform. Utilizing the CLOB, market contributors – from hedge funds to regional banks to international establishments – can commerce OTC FX choices instantly with one another inside a single venue, offering a contemporary various to handbook chat or phone-based buying and selling, which nonetheless accounts for almost all of quantity within the FX choices market. Constructing on its early traction, SpectrAxe will broaden its international presence and ship enhanced performance to its rising person base.
Led by Scott Greene, CEO, and Alvin Chopra, COO, SpectrAxe offers a market that connects buy-side and sell-side contributors on a single, nameless buying and selling venue.
FinSMEs
10/04/2025
