Seabury Global Markets Makes Investment in Spotex

Seabury Global Markets Makes Investment in Spotex

Companies Enter Multi-Year Relationship to Leverage Seabury’s Resources to Expand Global Distribution of Spotex Products and Services

NEW YORK – April 28, 2016 – Seabury Capital (“Seabury”), a leading global advisory and professional services firm, announced today that its recently formed Seabury Global Markets (“SGM”) entity has made an initial investment and entered into a multi-year, strategic relationship with Spotex, an innovative FX ECN focused on improving foreign exchange and precious metals trading for both buy and sell-side participants.

The new agreement follows the January 2016 announcement of a Joint Product Offering, in which the companies agreed to combine certain products and work together to expand each other’s client base. SGM intends to help develop certain Spotex technology and further grow Spotex’s distribution footprint as part of the Seabury Capital of companies.

“We are excited to build on the existing partnership between our companies, which has been well received. Feedback from clients has been positive and we will all benefit from our mutual business operations,” said Rob Fleschler, Seabury Global Markets President and CEO. “This expanded collaboration will deepen Seabury’s capabilities to provide our clients with an additional source of liquidity, intelligent client-facing technologies and tools.”

Spotex will remain an independently run company headed by Ritesh Agrawal, Spotex Chief Executive Officer while becoming part of the product offerings at Seabury Capital and its affiliated companies. Seabury Capital (“SeaCap”), parent company of SGM, owns and operates specialty finance companies providing innovative cross-border and asset-back financing.

“Seabury’s initial investment and global reach will enable Spotex to immediately expand our sales opportunities and distribution efforts,” said Ritesh Agrawal, Spotex Chief Executive Officer. “The Spotex ECN provides a complete end-to-end solution for institutions and retail brokers through participating prime broker and prime relationships.”

Spotex is an innovative FX ECN focused on improving Foreign Exchange trading for both institutions and retail brokers. Spotex developed intelligent exchange technologies that build and apply quantitative metrics to participants based on their trading behavior.

Seabury Capital LLC is a global firm founded in 1995 with two principal groups, Seabury Advisory Group LLC (“SAG”) and Seabury Capital LLC (“SeaCap”). SAG is a global advisory practice with professionals on five continents and more than 15 countries covering Aviation, Aerospace & Defense, Financial Services, Government Services, Logistics, Maritime, Transportation and related industries. SAG has partnered with more than 300 clients located in more than 50 countries on more than 1,200 engagements to solve complex challenges requiring consulting, investment banking, restructuring and/or information technology solutions.

SeaCap owns and operates a number of specialty finance companies providing innovative cross-border financing for equipment and trade receivables as well as insurance-backed auto service and financial obligations. SeaCap recently launched a merchant banking business to take minority equity positions in, and to provide debt financing to, middle market companies. SeaCap also owns software companies providing enterprise solutions to airlines, aerospace companies and provides a range of electronic trading solutions to buy-side and sell-side firms in foreign exchange and precious metals.