Adroit Trading Technologies Appoints Michael Kraines as Chief Growth Officer
31 Julio 2024 - 7:00AM
Business Wire
Former Trading Technologies President and
Digital Currency Group CFO to lead next phase of growth
Adroit Trading Technologies, a leading buy-side execution
management system (EMS) provider in fixed-income cash and
derivatives, today announced the appointment of Michael Kraines as
the firm’s first-ever Chief Growth Officer.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240731866157/en/
Michael Kraines (Photo: Business
Wire)
Kraines will focus on bringing Adroit’s leading tech-driven
trading solutions to the increasingly electronified institutional
trading marketplace. He will report to Adroit CEO Anil Jaglan as
they lead the company through the next phase of its growth. Kraines
joins Adroit after successful executive roles with several leading
financial technology companies, including serving as President of
Trading Technologies (TT), CFO of Digital Currency Group (DCG), and
Managing Director at Sandler O’Neill and Wasserstein Perella in
their FinTech investment banking groups.
“Michael brings a highly unique expertise set to Adroit, which
will accelerate our growth as we work to deliver cutting-edge
solutions to a far broader cross section of the marketplace,” said
Jaglan. “With decades of leadership expertise across the Fintech
sector in general and the EMS vertical in particular, Michael will
support our strategy, business development, and sales as we
continue to deliver value to our institutional clients.”
“With the growing electronification of fixed income and OTC
markets around the world, institutions will increasingly seek to
access best-of-breed EMS trading solutions,” said Kraines. “Firms
focused on generating alpha and ensuring the highest possible level
of execution quality, transparency and efficiency in their trading
will need the types of unique solutions that Anil and his team have
built at Adroit.”
Founded in 2014 as a comprehensive fixed-income and OTC solution
provider, Adroit has emerged as the category-defining leader of
fixed-income cash and derivatives EMS to the institutional
buy-side. Adroit serves sophisticated hedge funds and long-only
asset managers, recognized in 2022 as a “Rising Star” in the
Chartis Research Buyside50 industry survey and awarded “Best
Overall EMS – Fixed Income” in 2023.
In February, Adroit announced its Series A growth round of $15
million led by Centana Growth Partners, a specialized growth equity
firm that invests in fintech and related enterprise software. The
funding is being used to further accelerate Adroit’s growth by
expanding client distribution and investing further in cutting edge
product development.
About Adroit Trading Technologies
Since 2014, Adroit has offered the leading multi-asset front
office EOMS solution, and empowers the most sophisticated of global
investment managers. It is designed from the ground up to handle
the intricacies of trading complex assets, including OTC
derivatives, bonds, FX, and listed products. Adroit brings a
passion to maximizing trader productivity while minimizing
transaction costs. Our architecture features open APIs, for speedy
implementation and maximum flexibility. Visit adroit-tt.com for
more information.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240731866157/en/
For more information or for media inquiries: Madeline
Fusato-Zammit madeline.fusato-zammit@fullyvested.com