Summit Partners Invests $6M in Tradeware

FRONT PAGE: VENDOR UPDATE

NEW YORK—Direct market access (DMA) provider Tradeware Systems got a $6 million cash infusion from private equity and venture capital firm Summit Partners that should help Tradeware better navigate the choppy waters of a market niche facing consolidation.

Officials at Summit say that they see promise in the 11-year-old Tradeware, which provides FIX-based order management system (OMS) services as well as connectivity in a service bureau model to approximately 250 broker/dealers and buy-side firms

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