UNX Receives New Funding

UNX LLC, a New York and Los Angeles-based provider of open and innovative trading technology solutions, has received a new funding of undisclosed amount.

Participants in the round include existing investors Broadhaven Capital Partners, Goldman Sachs, Matthew Pritzker Company and Vernon & Park Capital, as well as a group of private backers.

The company intends to use the funds to increase its product offering and expand in Latin America, Canada and other growing international markets.  It is currently collaborating with a major broker to deliver customized electronic trading solutions for Mexican and Latin American markets.

UNX is also integrating algorithms, portfolio trading and other brokerage electronic trading services into the Catalyst platform. Recent broker-dealer integrations include the latest offerings from Credit Suisse AES, Fidelity Capital Markets, Goldman Sachs Electronic Trading, Knight and UBS Investment Bank.

Founded in 1999 and led by CEO Thomas Kim, UNX is an independent trading technology firm and agency broker that provides advanced electronic trading technology for the institutional trading community through its open-architecture platform Catalyst, which is designed to streamline multi-broker trading workflow. It also serves as a delivery mechanism for broker-dealers and third-party vendors to distribute and update their offerings to clients.

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