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FT Partners Advises on Series B Investment For FTEN

Overview of Transaction
  • On October 30, 2008 FTEN, Inc. ("FTEN") announced it had secured a Series B strategic investment from Merrill Lynch, Goldman Sachs, JP Morgan and Credit Suisse
  • FTEN will remain independent; the investors will not receive board membership
Significance of Transaction
  • Investment by top tier financial institutions is a testament to FTEN's strength in the financial securities marketplace, and will allow for increased collaboration to further develop cutting edge solutions
  • The investment will also allow FTEN to accelerate growth on a global scale, and increase their presence in Europe and Asia
  • FTEN provides a suite of innovative speed black box trading solutions that enable prime brokers, clearing firms, broker-dealers, hedge funds and proprietary trading groups to achieve greater access, speed and control through scalable, low-latency routing, real-time intra-day risk management, compliance surveillance and market data signal services
  • FTEN's technology processes approximately 20% of the entire US Equities daily volume
FT Partners' Role
  • FT Partners served as exclusive strategic and financial advisor to FTEN and its Board of Directors
  • In 2002, FT Partners advised FTEN on its Series A financing