Street Response Laboratories (SR Labs), a New York-based provider of high-performance electronic-trading solutions for the global financial services industry, completed a $53m investment from Insight Venture Partners.
The company intends to use the capital to expand its sales and marketing operations, to accelerate its growth outside of North America, and to continue to fund product innovation. To this end, SR Labs recently opened a new development center in Pune, India, to support its customers in Asia Pacific and Europe.
Founded in 2007 by Srinivasan Ramiah, CEO, SR Labs provides technology that enables the data-gathering and execution of electronic trading providing extensive feed coverage including all major North American, European and Asian Exchanges.
Clients include top investment banks (Credit Suisse, JP Morgan and Morgan Stanley), hedge funds, proprietary trading firms and providers of trading technology software.
In conjunction with the funding, Deven Parekh , managing director, and Martin Angert, principal, from Insight Venture Partners, will join the company’s board of directors.