|Description||platform for swaps exchange|
|Partial Close, 7/2011 ||$1.13M|
|Partial Close, 11/2011 ||$975k|
|Partial Close, 1/2012 ||$650k|
|Venture Round, 7/2013 ||$5M|
|Debt, 4/2012 ||$3.43M|
Based in NYC, trueEX is an electronic execution platform for the global interest rate swaps (IRS) market.
trueEX will initially serve the $300 trillion global interest rate swaps (IRS) market and expand into other liquid derivatives as appropriate.
Interest rate swaps are currently traded largely over the phone, without regulatory oversight, pre-trade or post-trade transparency, and with very little automation.
The trueEX electronic exchange has been designed to serve the needs of both market makers as well as asset managers, hedge funds and other buy-side firms.