Tora will use the proceeds from the investment to accelerate geographic expansion. This will include further penetration in Asian markets such as Singapore and Australia. Additionally, Tora will focus on greenfield opportunities in Europe.
Robert Dykes, CEO of Tora, said: “Tora is a leader in the development of electronic trading solutions that address the specific challenges and complexities of investing in Asian markets. We are well-positioned for growth given the outlook for regional trading volumes, increased adoption of electronic trading in Asia and most importantly our strong client service orientation. The investment from Goldman Sachs is a milestone for the company and will allow us to broaden the depth and breadth of our service offering.”
Reportedly, FT Partners served as exclusive strategic and financial advisor to Tora.
Tora offers a full suite of trade execution capabilities in markets across Asia, North America and Europe. Tora has over 175 employees dedicated to Asia, with offices in Tokyo, Hong Kong, Singapore, New York, Los Angeles and San Francisco.
