Start Singapore: 14.5m funding for trading software

PHOTO: Start Singapore: 14.5m funding for trading software

Singapore-based financial start-up M-Daq said it has raised $14.5 million in funding.

The firm's software allows trade in cross-border securities without the uncertainty of currency exchange rates.

Investors can trade securities in their own currency without worrying about profits affected by swings in exchange rates. The software is embedded in the Exchange IT system and undertakes the financial analysis automatically.

The firm will use the funds to further develop the product.

Set up by experienced foreign exchange and securities professionals, it aims to create a world without currency borders.

It wants to enable cross-border securities trading to become more efficient.

M-Daq has filed for patents for its technology.

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