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General Information

Offices

HQ
162 Fifth Avenue
Suite 902
New York, NY, 10010
USA

People

Co-Founder and CEO
Co-founder & Head of Product Development
CTO
CFO
Chief Operating Officer
Chief Legal Officer
Independent Directors
Chief Administrative Officer
Show All People

Funding

TOTAL $16.8M
FUNDING TOTAL $16.8M
Partial Close, 7/2011
$1.13M
Partial Close, 11/2011
$975k
Partial Close, 1/2012
$650k
Venture Round, 7/2013
$5M
Venture Round, 1/2014
$9M
DEBT TOTAL $3.43M
Debt, 4/2012
$3.43M

Tags

trueEX

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.

Recent Milestones

  • Dollar
    trueEX received $9M in Venture Round funding. (1/30/14)
    Posted 1/30/14 at 9:44pm via marketbrief.com
  • Dollar
    trueEX received $5M in Venture Round funding. (7/23/13)
    Posted 7/24/13 at 11:22pm via sec.gov
  • Dollar
    trueEX received $3.43M in Debt funding. (4/5/12)
    Posted 8/26/13 at 4:28am via sec.gov
  • Dollar
    trueEX received $650k in Partial Close funding. (1/12/12)
    Posted 9/5/13 at 2:00am via sec.gov
  • Dollar
    trueEX received $975k in Partial Close funding. (11/11/11)
    Posted 9/5/13 at 2:10am via sec.gov
  • Dollar
    trueEX received $1.13M in Partial Close funding. (7/20/11)
    Posted 11/3/13 at 10:15pm via sec.gov
  • Check
    trueEX added Tony Schiavo as CTO.
    Posted 8/26/13 at 4:28am
  • Check
    trueEX added Karin Wichman as Chief Legal Officer.
    Posted 8/26/13 at 4:28am
  • Check
    trueEX added Sunil Hirani as Co-Founder and CEO.
    Posted 8/26/13 at 4:28am
  • Check
    trueEX added Jim Miller as Co-founder & Head of Product Development.
    Posted 8/26/13 at 4:28am
  • Check
    trueEX added Lawrence Israeloff as CFO.
    Posted 8/26/13 at 4:28am

Videos

Screenshots

trueEX screenshot
Above: trueEX Screenshot -- #1
Uploaded: 7/25/13

Sources

  1. SEC (sec.gov) [edit]
  2. SEC (sec.gov) [edit]
  3. SEC (sec.gov) [edit]
  4. SEC (sec.gov) [edit]
  5. SEC (sec.gov) [edit]
  6. Trueex Group LLC, based in NEW YORK, NY, raises $9M (marketbrief.com) [edit]
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Last Edited 2/25/14

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