Tallarium: Secures $1.6m investment from XTX Ventures and Reciprocal
- Tallarium gives traders an edge by providing a ‘single source of truth’ for price discovery in off-exchange markets
- Announces that it has secured additional investment from XTX Ventures
- The venture capital arm of leading algorithmic trading company XTX Markets
- Ongoing expansion as the ‘single source of truth’ for pricing in the opaque energy trading markets
- The industry has been one of the slowest to digitise, with energy traders still using Microsoft Excel as the primary tool
- Platform automatically gathers and structures pricing information from broker chat messenger and voice conversations
