PureStream Trading Technologies is a technology company.
PureStream Trading Technologies has raised $14.0M across 1 funding round.
PureStream Trading Technologies has raised $14.0M in total across 1 funding round.
PureStream Trading Technologies has raised $14.0M in total across 1 funding round.
PureStream Trading Technologies's investors include Andreessen Horowitz, MaC Venture Capital, Nasdaq Ventures, Scout Ventures, Serena Ventures, TSVC Capital, Steve Stoute.
PureStream Trading Technologies is a Series B-stage technology platform company founded in 2018 (formerly Blocktronic Solutions) that develops an alternative trading system (ATS) to enhance efficiency, security, and liquidity in institutional equity trading.[1][3] It optimizes trade execution by using innovative protocols for liquidity transmission and market data exchange, addressing US equity market fragmentation through "streaming blocks" and percentage rate-based order types that match orders based on liquidity relevance, creating continuous trade streams reported to the consolidated tape.[1][3] The platform serves institutional brokers, traders, and algorithms, solving problems like slow liquidity access, high costs, and information leakage in fragmented markets by enabling faster, more secure matches without data sales, market makers, or payment for order flow.[1][2][3] With $32.11M raised (last round $7.86M in 2022), it operates from New York and shows growth via broker adoption, including Bank of America, amid rising demand for private, gated trading venues.[1][3]
PureStream emerged from Blocktronic Solutions, founded in 2018 in New York to tackle inefficiencies in institutional trading protocols.[1] The idea stemmed from gaps in block trading support for algorithms: traditional systems lacked safe ways for algorithms to signal additional liquidity, limiting direct institutional matches.[3] Pivoting to launch its ATS in 2021, PureStream re-engineered price and liquidity discovery using open-ended, data-network-inspired transfer rates for faster, cost-effective access.[3] Early traction built through "streaming block" innovation, attracting institutional brokers like Bank of America, who integrated it into algorithms for better client execution.[3] This evolution positioned it as a disruptor in a market favoring exclusive "dark rooms" over public exchanges.[1]
PureStream rides the trend of fragmented US equity markets favoring off-exchange, ultra-fast private venues amid high-frequency trading dominance and retail-institutional tensions.[1][3] Its timing aligns with surging demand for "dark rooms"—exclusive dark pools protecting large orders from predatory speed advantages or superior info access—boosting popularity as lit exchanges expose trades.[1] Market forces like broker interest in retail order counterparts and regulatory scrutiny on execution quality amplify its edge, influencing the ecosystem by pioneering algo-friendly liquidity streams that redistribute bandwidth to institutions.[3] As a disruptor ATS, it challenges incumbents, fosters better algo-trader symbiosis, and eyes retail expansion, potentially reshaping liquidity discovery in a $trillion+ daily volume landscape.[3]
PureStream is poised to scale its ATS amid execution quality mandates and dark venue proliferation, with next steps including retail order types to broaden liquidity pools while maintaining institutional focus.[3] Trends like AI-driven algos and fragmentation will propel "streaming block" adoption, potentially elevating its Mosaic Score (+32 points recently) through more broker integrations.[1][3] Its influence may evolve from niche disruptor to core infrastructure, empowering institutions to reclaim market control—if it navigates competition and quantifies growth metrics transparently.[1][3] This positions PureStream to redefine efficient, secure trading at the market's core.
PureStream Trading Technologies has raised $14.0M across 1 funding round. Most recently, it raised $14.0M Series A in February 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2021 | $14.0M Series A | Andreessen Horowitz, MaC Venture Capital, Nasdaq Ventures, Scout Ventures, Serena Ventures, TSVC Capital, Steve Stoute |