Central regions | Technology & innovation

RVC Seed Fund to invest $500,000 into CoFiTe

30 Jan '12
The investment committee of the Russian Venture Company (RVC) Seed Fund has approved $500,000 investment into the company CoFiTe for further development of LiveTrade™ product line, the business news agency ABN reports citing RVC.

In 2011 the project received the first tranche of investment on further development and promotion of software at the stock markets of Russia and abroad, In 2012 CoFiTe intends to enter new markets with support of the RVC Seed Fund.

Today CoFiTe cooperates with leading Russian and foreign stock exchanges and market professionals, getting opportunity for regularly producing new versions of products considering Russian specifics and global tendencies of development of stock exchange. LiveTrade™ products help to simplify collection and analysis of statistical data and organizing trade operations, as well as to provide users with up-to-date information on condition of the market.

“Since our fund is aimed at investment in Russian innovation companies with high growth potential at the innovation and technology markets, cooperation with CoFiTe has become an obvious step for us. The company has demonstrated high professionalism of its team of software developers and managers, as well as presented a high-quality product line development strategy,” Aleksey Teleshev, the director of the RVC Seed Fund, said.

The company Cognitive Finance Technologies (CoFiTe) is a professional developer of specialized software for participants of trading operation at financial platforms of Russia and foreign states. In the fall of 2008 the company entered the software market for stock exchanges by offering its line of products LiveTrade™, that includes universal terminal for connecting to Internet-trading LiveTrade™ Professional, software for brokers LiveTrade™ BrokerServer, instruments for scalping and algorithmic trading.
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