Centana Growth Partners, a specialized growth equity firm that invests in fintech and related enterprise software, has led a $15m Series A growth round in Adroit Trading Technologies, an execution management system (EMS) for OTC-heavy buy-side desks.
The funding will be used to accelerate growth by expanding client distribution and investing further in research and development.
“Adroit is a trailblazing EMS in fixed-income cash and OTC derivatives, addressing a void within a historically opaque industry. Adroit’s approach gives traders a uniquely powerful tool that removes complexities and enhances the execution process,” said Ben Cukier, Co-Founder and
Partner of Centana Growth Partners.
“Adroit has built a world-class EMS and has a roster of some of the most prominent buy-side clients, all built without outside funding. We’re proud to support the next phase of their business as they continue to scale and grow,” he added.
Founded in 2014, Adroit offers a cross-asset, all-in-one tool for traders and portfolio managers who are active in cash and derivatives markets, often across tangled global account structures.
The system integrates with dozens of trading venues, order management systems (OMSs), broker-dealers and data sources, to offer buy-side traders a single access point for execution, data and analytics.
The industry projects a 60-70% growth in electronic fixed-income trading over the next decade,
driven by regulatory changes, proliferation of available data, and technological advances.
While automation and electronification are key drivers of volume and industry focus, a substantial
share of OTC trading remains on voice and chat.
“Adroit is not just in the fixed-income EMS business – we have defined it. In addition to giving
traders the ability to execute trades, we enable traders to add operational alpha throughout the
investment process. Traders need to move fast and process massive amounts of information,
and over the last 10 years, we have shown how the right technology can be transformative,” Anil
Jaglan, Founder of Adroit, said.
