AlgoTrader Announces North American Expansion and Hiring of Richard Chmiel as COO

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Veteran of Bloomberg, OneTick and RS Metrics, Richard Chmiel joins industry leader AlgoTrader as Chief Operating Officer to grow US business with a focus on Crypto-currencies

NEW YORK, NY. April 09, 2018 – AlgoTrader AG, the global leader in algorithmic trading solutions has hired financial services veteran Richard Chmiel, whose resume includes lengthy tenures as a senior executive for Bloomberg, global head of sales and marketing for OneTick and CEO of satellite analytics leader, RS Metrics. As Chief Operating Officer at AlgoTrader he will manage AlgoTrader’s global sales, business development, client success and marketing activities.

The hire follows AlgoTrader’s $1.5M financing round announced in February which was earmarked for investment in AlgoTrader’s overall business. The capital will help AlgoTrader maintain its lead in trading solutions for traditional asset classes like equities, forex, futures and options but also, crypto-currencies.

“I was really attracted by AlgoTrader’s comprehensive platform and proprietary technology used by the most discerning quantitative trading firms,” says Richard Chmiel of his addition to the fast growing AlgoTrader, “This company has a tremendous amount of momentum and I’m looking forward to bringing my skill set to help further its rapid growth.”

Founded in 2014 by Andy Flury, AlgoTrader is the leading quantitative strategy design, back testing, execution platform for all security types and asset classes globally including Cryptocurrencies. AlgoTrader’s rich functionality and superior modular architecture allows trading firms to fully automate their trading strategies in a comprehensive, cost efficient platform.

“Richard is a perfect fit to help AlgoTrader guide its growth and develop its brand. We were looking to bring on someone knowledgeable and seasoned in the financial industry to secure new clients and partnerships and to refine the service offering for our current clients,” says AlgoTrader founder and CEO Andy Flury, “With his broad market knowledge and variety of experiences mixed with his extensive network of contacts in the industry, Richard will be guiding some of our most pivotal decisions in our upcoming growth strategies. We’re excited to see him scale AlgoTrader with the same success he’s had in his past ventures.”

Richard Chmiel played a pivotal role in the phenomenal growth and expansion during the early days of both Bloomberg and OneTick and while serving as CEO at Remote Sensing Metrics, Richard lead the company’s growth and management by evolving products and solutions and streamlining customer experience.

“As a recent institutional investor in AlgoTrader, I am delighted to see someone of Richard’s caliber join AlgoTrader. The Board is confident that he will scale the business to meet the increasing market demand for sophisticated, all-in-one algorithmic trading functionality for all asset classes especially now, Crypto-currencies,” said Christian Janson-Euterneck, Managing Partner for NeueCapital Partners.

New York based AlgoTrader Inc. plans to hire top tier marketing, sales and pre-sales engineering talent to support its growth initiatives.

About AlgoTrader AG

AlgoTrader is a fully integrated, event driven algorithmic trading platform written in Java to assure uninterrupted high velocity trading. It enables both buy side and sell side trading firms to rapidly develop, simulate, automate and deploy quantitative trading strategies for any instrument type and for any market. It is the very first and most advanced algorithmic trading software product to allow automated trading of Bitcoin and other Cryptocurrencies. Designed by industry experts, it gives users maximum control over their trading experience for consistent results. As the leader in Algorithmic trading software, AlgoTrader is a reliable and robust system built on multi-threaded, memory efficient, highly concurrent architecture. Available on-premise or in the cloud, AlgoTrader provides everything a typical quantitative trading firm requires to run its research and trading operations.

AlgoTrader provides additional business services including an integrated strategy back-tester, strategy parameters optimizer, exchange simulator, risk management module, auto-hedging and smart order routing execution algos to minimize slippage. Based in Zurich and New York, AlgoTrader operates throughout the globe.

For more information, please contact us through our contacts page or follow AlgoTrader on Twitter and LinkedIn.

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