Thomas Pedersen has been appointed CEO of Tradeworks, a fintech startup company based in Copenhagen, focusing on facilitating the development of algorithmic trading strategies. The firm delivers a cloud-based trade automation software to brokers and end-users.
Pedersen recently got elected to the company’s Board of Directors, having been an early investor in the company since 2015. Since then, he has been advising the firm’s management and was himself using the software for designing and deploying trading algorithms.
The Chairman of the Board of Directors, Henrik Dürr, commented to Finance Magnates: “We have been able to find someone who knows Tradeworks very well, with regards to the product itself and the transition the company has gone through over the past few years. I have had many great discussions with Thomas about Tradeworks during the last months and he strikes me as an ideal fit for the company at this point in time.”
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The founder and Outgoing CEO of the company, Mikael Breinholst elaborated: “A little more than five years ago, Tradeworks was started in my basement, and since then the company has come a long way and seen fantastic growth. However, in the process of preparing Tradeworks for the future, I have concluded that this is the right time for me to pass on the responsibilities of the CEO.”
Elaborating on his new role at the company, the new CEO of Tradeworks, Thomas Pedersen, shared: “There is no doubt that the demand for algo trading tools is increasing; therefore I can’t imagine a better opportunity than to become a part of a company with world-class software that addresses an unsatisfied demand in the market.”
Tradeworks is providing brokers with the opportunity to integrate the software into their offering and enable their end-clients to develop their algorithmic trading strategies. By using the company’s cloud-based product, users can not only develop, but also design, backtest, run and analyze their robots.