Country for PR: United Kingdom
Contributor: PR Newswire Europe
Tuesday, November 15 2022 - 11:00
The Trading Pit, an Award-Winning Proprietary Trading Firm, Secures 10 million Euro in Growth Funding
VADUZ, Liechtenstein, November, 15, 2022, /PRNewswire-AsiaNet/--

he Trading Pit (TTP) is proud to announce that it has secured 10 million Euro 
in its latest round of growth funding. The high-growth prop trading fintech has 
secured capital to accelerate its growth initiatives with a mission to become 
the global leader in online prop trading.

The Trading Pit is now set to enable global access to all major asset classes, 
including Forex( 
), Futures( 
), Stocks and Cryptos within the next 6 months. Pinorena Capital was the 
principal investor in this funding round following its early investment in the 

"We are very eager to support The Trading Pit considering the company's 
exceptional delivery on all fronts of its original business plan. We have been 
amazed by the strong interest TTP has received from brokers, platform 
providers, and of course traders in such a short time. This solidifies our 
belief that TTP's products and services will fundamentally change the way prop 
trading industry works today. The fintech start-up has our full support in 
becoming the industry's benchmark over the next few years and creating the prop 
trading, investing, and asset management super app."

Illimar Mattus | Founder of Pinorena Capital & Co-Founder of The Trading Pit

Pinorena Capital, the private equity firm led by entrepreneur Illimar Mattus( 
), runs a fintech-heavy portfolio of companies. This funding will assist TTP in 
achieving its goals and help in creating a super app starting with proprietary 
trading and then naturally expanding into investments and asset management. TTP 
is building up an ambitious B2B product offering and B2C business development 
network, from Asia to the Americas. A global network of up to 30 major trading 
platforms and service providers will feature as part of TTP's prop trading 
infrastructure within the next 24 months, with the liquidity being sourced from 
over 20 industry-leading brokers.

"We are pleased to see such a strong commitment from our existing investors 
which will help us to deliver on all of The Trading Pit's strategic objectives 
at a much faster pace. The Trading Pit emerged from the simple concept of 
giving all skilful traders a fair opportunity to reach success in an 
environment where there is no conflict of interest, and which has full 
transparency. Our initial success has convinced us that we need to be much 
bolder with our plans and execution, and the capital provided by our investors 
will help us to do exactly that."

Christoph Radecker | Founder of & Co-Founder of The Trading Pit

As the company looks forward to realizing its innovative approach( 
) to trading the markets, its product development capacity and speed will be 
key to establishing itself as the leading one-stop venue for online prop 
trading. The Trading Pit's platform and offerings represent nothing less than a 
new generation of online services and products for talented traders. The 
company's prop trading challenges have been designed by industry experts and 
developers to identify and retain top traders worldwide. The company has 
consistently outpaced growth forecasts and its innovation across its platforms 
and services allows traders to create far more impactful results.

Logo -

Source: Trading Pit