Revenue growth in 2018 and hiring of new COO

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Geometric revenue growth dictates the need for more management talent adding financial services veteran, Jakob Bosshard as AlgoTrader’s Chief Operating Officer 

Zurich, Switzerland March 5, 2019 AlgoTrader AG, the global leader in algorithmic trading solutions is pleased to announce that it achieved 170% year over year revenue growth in its first year after it’s post seed financing round in early 2018.  Additionally, it has hired Jakob Bosshard whose resume includes tenures as a senior technical executive for UBS, Fintech Additiv and Arizon in the context of Raiffeisen and Avaloq. As Chief Operating Officer at AlgoTrader, he will have responsibility for AlgoTrader’s global engineering, projects, customer support and administrative activities.

The hire is a testament to AlgoTrader’s rapid growth and success in on-boarding multiple banks, brokers and quant trading groups trading global equities, forex, futures and options but also, crypto-currencies.  The AlgoTrader solution suite has been embraced by savvy quant traders on both the buy side and sell side.

“I was really attracted by AlgoTrader’s comprehensive platform and innovative technology used by the most sophisticated quantitative trading firms,” says Jakob Bosshard of his addition to the fast growing AlgoTrader, “This company has a tremendous amount of momentum, a great team to work with and I’m looking forward to bringing my skill set to help maintain 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.

“Jakob is an ideal fit to help AlgoTrader manage its growth and hone our software development plans. We were looking to bring on a senior manager skilled in software development and with experience in the financial industry,” says AlgoTrader founder and CEO Andy Flury, “With his broad market knowledge and variety of managerial experiences, Jakob will be overseeing our delivery teams. We’re excited to see him help scale AlgoTrader with the same success he’s had in his past ventures.”

Jakob played a pivotal role in the success of unifying and renewing core banking and trading systems for large banks, introducing and expanding Big Data and Analytics for wealth management and investment banking or launching robo advisory solutions to various financial entities.

“As an institutional investor in AlgoTrader, I am delighted to see someone of Jakob’s caliber join AlgoTrader. The Board is confident that he will manage and scale the software development process 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.

Zurich based AlgoTrader AG. plans to continue hiring top tier engineering, sales and customer support talent to continue to support its growth initiatives.

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