After getting money from the Development Bank of Wales, a fintech start-up that wants to make systematic trading easier for small traders has moved its operations to Brigantine Place in Cardiff.
Market Dynamics makes systematic trading possible for new traders and those who can’t code, which simplifies a process that used to be hard. Their easy-to-use app, which is based on visuals, lets traders build, test, and trade fully automated strategies without having to write a single line of code.
The company just finished a $520,000 pre-seed round led by the Development Bank and a group of strategic angels. Bebo co-founder Paul Birch is the chair of this group.
Andrew Grevett, co-founder, said: “Market Dynamics provides a simple method for anyone to transform their ideas into fully automated trading strategies without the need for any coding knowledge whatsoever.
“Our simple and intuitive no-code approach engages tech-savvy traders around the world, across all ages, demographics, wealth stages, asset classes and levels of financial expertise. Opening up the full power of systematic trading for retail traders is a huge opportunity and we believe our visual approach is the key to driving mass adoption.”
He added: “Moving to Cardiff provides us with access to Wales’ wider fintech and tech sector, and we’re really looking forward to working in this environment.”
Jack Christopher, assistant investment executive at the Development Bank of Wales, added: “The team at Market Dynamics is committed to democratising technical trading for a rapidly growing, younger audience of traders actively seeking new methods to access systematic trading, which can often seem to be a complex world for beginners.
“Andrew and the Market Dynamics team possess vast experience of systematic trading, and have previously built highly successful companies and products.”