The Crypto Exchange Kraken has acquired the assets and technology of Capitalise .i, an Israeli-based start-up that built a natural language, without a code platform for automation of trading strategies across several asset classes, the company said in a press release on Wednesday.
Keefe, Bruyette & Woods, a Stifel Company, served as a financial adviser to Capitalise.ai. Financial details of the acquisition were not revealed.
Founded in 2015, Capitalise developed a system that allows users to transform everyday text into executable trading strategies.
The company’s technology supports real time and historical data analysis that spans stocks, crypto, eg, futures and opportunities. Its tools have been used by a number of traditional financing brokers and exchanges.
Kraken said it will start rolling Capitalise.ai’s features on his Kraken Pro platform later this year. The move is designed to lower the technical barriers to advanced trading, allowing users to design, backtest and automate strategies without writing code.
“This acquisition gives the Kraken Pro clients a strong new way of acting on real -time ideas – testing, optimizing and executing tailor -made strategies with unprecedented speed and confidence,” said Shannon Kurtas, exchange manager at Kraken, in release.
Co -founders Amir Shiovich and Shahar Rabin together with key engineering staff will join Kraken’s Pro Business Unit as part of the deal.
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