Stock-trading co., Automated Trading Desk, gets $60M from TCV
Palo Alto firm Technology Crossover Ventures has investd $60 million into South Carolina’s Automated Trading Desk, a company with expertise in computerized buying and selling of securities.
The investment reportedly gives TCV a minority stake.
In November, the company said, it processed an average of about 280 million shares a day, for brokerage firms and institutional investors.
TCV has also invested in New York’s Liquidnet Holdings, which also specializes in stock trading.
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