Adroit Trading Technologies Appoints Michael Kraines as Chief Growth Officer

Former Trading Technologies President and Digital Currency Group CFO to lead next phase of growth

Adroit Trading Technologies, a leading buy-side execution management system (EMS) provider in fixed-income cash and derivatives, today announced the appointment of Michael Kraines as the firm’s first-ever Chief Growth Officer.

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Michael Kraines (Photo: Business Wire)

Kraines will focus on bringing Adroit’s leading tech-driven trading solutions to the increasingly electronified institutional trading marketplace. He will report to Adroit CEO Anil Jaglan as they lead the company through the next phase of its growth. Kraines joins Adroit after successful executive roles with several leading financial technology companies, including serving as President of Trading Technologies (TT), CFO of Digital Currency Group (DCG), and Managing Director at Sandler O’Neill and Wasserstein Perella in their FinTech investment banking groups.

“Michael brings a highly unique expertise set to Adroit, which will accelerate our growth as we work to deliver cutting-edge solutions to a far broader cross section of the marketplace,” said Jaglan. “With decades of leadership expertise across the Fintech sector in general and the EMS vertical in particular, Michael will support our strategy, business development, and sales as we continue to deliver value to our institutional clients.”

“With the growing electronification of fixed income and OTC markets around the world, institutions will increasingly seek to access best-of-breed EMS trading solutions,” said Kraines. “Firms focused on generating alpha and ensuring the highest possible level of execution quality, transparency and efficiency in their trading will need the types of unique solutions that Anil and his team have built at Adroit.”

Founded in 2014 as a comprehensive fixed-income and OTC solution provider, Adroit has emerged as the category-defining leader of fixed-income cash and derivatives EMS to the institutional buy-side. Adroit serves sophisticated hedge funds and long-only asset managers, recognized in 2022 as a “Rising Star” in the Chartis Research Buyside50 industry survey and awarded “Best Overall EMS – Fixed Income” in 2023.

In February, Adroit announced its Series A growth round of $15 million led by Centana Growth Partners, a specialized growth equity firm that invests in fintech and related enterprise software. The funding is being used to further accelerate Adroit’s growth by expanding client distribution and investing further in cutting edge product development.

About Adroit Trading Technologies

Since 2014, Adroit has offered the leading multi-asset front office EOMS solution, and empowers the most sophisticated of global investment managers. It is designed from the ground up to handle the intricacies of trading complex assets, including OTC derivatives, bonds, FX, and listed products. Adroit brings a passion to maximizing trader productivity while minimizing transaction costs. Our architecture features open APIs, for speedy implementation and maximum flexibility. Visit adroit-tt.com for more information.

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