Exclusive: Tradeworks Onboards Thomas Pedersen as New CEO

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 Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-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.”

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 Algo Trading Algo trading, sometimes referred to as algo, may be defined as computerized trading that employs proprietary algorithms or pre-programmed commands that are tailored to take into consideration variables like price, volume, and timing. First introduced in American financial markets in the 1970s, algo-trading is generally utilized in trading scenarios such as arbitrage, trend trading strategies, and order execution. Approximately 60% of all trades were executed by computers in 2010. Today, algo tra Algo trading, sometimes referred to as algo, may be defined as computerized trading that employs proprietary algorithms or pre-programmed commands that are tailored to take into consideration variables like price, volume, and timing. First introduced in American financial markets in the 1970s, algo-trading is generally utilized in trading scenarios such as arbitrage, trend trading strategies, and order execution. Approximately 60% of all trades were executed by computers in 2010. Today, algo tra Read this Term 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.