Nasdaq Ventures led a $14m series A round for PureStream Trading Technologies as it gets ready to launch its alternative trading system.

PureStream Trading Technologies, the US-based operator of an alternative trading system (ATS), has raised $14m in a series A round led by Nasdaq Ventures, a subsidiary of stock exchange manager Nasdaq.

Financial services firm Bank of America, investment banks BMO Financial Group and Goldman Sachs, investment manager AllianceBernstein and venture capital firm MaC Venture Capital also took part in the round.

PureStream is preparing to launch a US trading venue in the second quarter of 2021 that will use open-ended…

James Mawson

James Mawson is founder and chief executive of Global Venturing.