Eventus Gets Funds From DRW, Jump Amid Crypto Trading Expansion
- Its trade-surveillance software helps traders stamp out fraud
- Clients see manipulation in every asset class, CEO Schwab says
This article is for subscribers only.
Eventus Systems Inc., which helps brokers and traders prevent market manipulation, got a $30 million investment from a group led by Centana Growth Partners and including venture-capital affiliates of several Chicago-based trading giants.
The company’s surveillance software lets firms detect if their employees or customers are engaged in illicit trading and also tracks whether they’re complying with other regulations. It can be used across asset classes like stocks, bonds, options and futures, and the latest funding round -- which DRW, Jump Capital, CMT Digital and LiveOak Venture Partners participated in -- will partly fuel Eventus’s expansion in cryptocurrency trading.