Matrix Holding Group (Matrix) announced today that the parent company of Simplex Trading, LLC (Simplex) has become an investor in the company. Matrix Holding Group (Matrix) is the parent company of Matrix Execution Technologies, LLC and Matrix Executions, LLC, an industry-leading, derivatives-focused broker-dealer. Simplex is a derivatives-focused electronic market maker and proprietary trading firm headquartered in Chicago. The terms of the investment were not disclosed, and the investment is subject to regulatory approval from the Financial Industry Regulatory Authority (FINRA).
Regarding the deal, Anthony Saliba, CEO of Matrix, offered, “Since our launch earlier this year, the rate at which we’ve onboarded new clients reflects an acute need for an independent, technology-driven options brokerage that can adeptly service the full spectrum of clients, from low touch to ‘white glove’ high touch. Simplex’s investment in our early-stage company provides a signal that our client-centric attitude and drive to deliver the best technology solutions are aligned with the needs of the marketplace. We are excited to leverage Simplex’s technology acumen and trading domain expertise as we continue our growth.”
Since its launch in Q1 2018, Matrix has assembled a 30-person team, spread around offices in Chicago and New York. Matrix is the only multi-asset-execution- and risk-management-providing broker-dealer that offers access to all U.S. equities, options and futures markets, in addition to more than a dozen international venues. CME and CBOE bitcoin futures contracts are also tradeable through Matrix.
“For years, Simplex has been building fast, innovative and efficient software to facilitate our proprietary trading,” said Erik Swanson, CEO of Simplex. “Partnering with Matrix will change the brokerage landscape by bringing this cutting-edge technology directly to customers for the first time. By combining our assets, Matrix will offer the best technology in the business.”