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Development Bank Investment Brings No-Code Systematic Trading Company to Wales

Buddsoddiad Gan y Banc Datblygu yn Dod â Chwmni Masnachu Systematig Di-God i Gymru

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Market Dynamics, a pioneering fintech start-up on a mission to democratise systematic trading for retail financial traders, has moved its operations to Brigantine Place, Cardiff following equity investment from the Development Bank of Wales.

Market Dynamics unlocks systematic trading for new traders and all those not able to code, simplifying a formerly complex process. Their intuitive visual-based app allows traders to build, test and trade using fully automated strategies without writing a single line of code.

Andrew Grevett; Jack Christopher, DWB; Adam Migos

The company recently closed a pre-seed round of £520,000 led by the Development Bank alongside a cohort of strategic angels, including Bebo co-founder Paul Birch as chair.

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.”

Andrew 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, said:

“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.

“We are delighted that our support and investment has brought them to Wales. We wish them every success as they establish themselves in Cardiff and grow within Wales’ fintech sector.”

The Development Bank of Wales can support growing technology ventures with investment from £50,000 to £10 million. The tech venture investments team is mainly sector agnostic, seeks co-investment, and invests from pre-seed to series A and beyond.

The team is made up of sector specialists in fintech, blockchain, cyber, life sciences, hardtech, medtech and Software-as-a-Service (Saas), backed by a global tech co-investor network.

For more information, visit www.developmentbank.wales

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The Development Bank of Wales funds businesses that they think will benefit Wales and its people. The ones that will create ripples of growth- those that are more than a good business model or a great idea. They finance responsible businesses – those with a strong social, ethical and environmental standards, as well as real commercial promise.

By providing sustainable, effective finance where options have seemed limited, they bring ambitions to life and fuel possibilities for people, businesses and communities in Wales and beyond.

The Development Bank’s ‘big picture’ view means it can often help with debt and equity finance when options seem limited, doing whatever it takes to make a positive difference, bringing together the right people and working collaboratively to find a way to make things happen for Welsh businesses and for Wales.

Its teams are embedded in local communities, working out of regional offices that give customers direct access to key decision-makers and signposted avenues of support. They understand what’s happening in Wales’ villages, towns and cities – the challenges and the opportunities. They see the potential for business growth as a catalyst for enhancing lives and communities in Wales and beyond.

For more information, visit the Development Bank website at www.developmentbank.wales to find out more.

 

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