Hanweck Associates is a leading provider of high performance, low latency data and risk analytics to exchanges, banks, broker-dealers, market-makers, portfolio managers and central counterparties. Hanweck also delivers risk measurement solutions across a range of asset classes including fixed income products and derivatives. With its hardware- accelerated VolerarM analytic engine, Hanweck pioneered the use of graphics processing units (GPUs) in the financial industry.
Hanweck announced it has secured $10 million in financing, comprised of debt and equity, which will enable it to intensify its investment in product innovation, sales and customer success, and to accelerate the company’s expansion in Europe and Asia. To that end, Hanweck recently announced the establishment of its European headquarters in Belfast, Northern Ireland.
International Securities Exchange Holdings, Inc., which operates two U.S. options exchanges, International Securities Exchange, LLC (ISE) and ISE Gemini, LLC (ISE Gemini), was an early strategic investor in Hanweck. “The Hanweck team has made great strides in building their business and delivering a robust and timely product to meet the evolving needs of the options industry. We are very excited for this next phase of the company’s growth that will now be accelerated by the investment from Argentum,” said Tom Ascher, Chief Strategy Officer at ISE.
More information is available at www.hanweckassoc.com.