Tallarium Ready to Grow with XTX and Reciprocal Investment

John Lothian

John Lothian

Executive Chairman and CEO

John Lothian News interviewed Stanislav Ermilov of Tallarium about a March 2023 fundraising round that saw it raise funds from XTX Markets and venture capital firm Reciprocal. We talked to Ermilov about Tallarium’s plans for the funds. Tallarium aimed at the listed exchange energy business; this investment helps the company improve its technology and scale its business, Ermilov said.  He wants to make a substantial investment in product development to grow the company across a range of markets, he said. Tallarium will expand across the energy complex with this investment, he said. 

People are the most important asset for the company, he said, so Tallarium is looking to expand the core team across products, sales and marketing. Ermilov, the founder and CEO of Tallarium, said the firm was looking to add 25 to 30 people in the coming months. 

One priority is developing a product for pre-trade price analytics for Tallarium’s execution functionality, and the others are  a voice product and data feeds, he said. 

Ermilov discussed the value of the XTX Markets’ investment, including its non-financial contributions of input and feedback on Tallarium’s products. He said XTX was interested in machine learning and AI and the capital markets aspect of the investment. 

JLN asked him how the Ukraine war has affected interest in Tallarium’s type of technology. He said there is a big firehose of information that traders are experiencing during the volatile wartime energy markets and Tallarium’s technology helps them control that information.

JLN asked him what other markets outside of energy Tallarium is interested in developing products for and he mentioned freight and base metals, noting there is a lot of OTC activity and a lack of transparency in those markets. 

JLN asked him what is the strategic direction for the product and Ermilov gave an expansive answer. 

Hedge Funds Get Closer to Clearing Repo Trades Directly on Eurex

Hedge Funds Get Closer to Clearing Repo Trades Directly on Eurex

First Read Hits & Takes John Lothian & JLN Staff Welcome to March. One of the market issues of the moment is bitcoin halving, an event that occurs approximately every four years whereby Bitcoin miners are rewarded half the amount they were previously rewarded for...

We visit more than 100 financial news websites daily (Would YOU do that?)

The Spread

Todays  Options Newsletter

The Achilles’ Heel of ETFs Promising 100% Income Yields

Observations & Insight Futures Discovery: Physical Delivery VS Cash Settlement JohnLothianNews.com Today, we're delving into the fundamental aspect of futures trading-the Settlement Showdown: Physical Delivery versus Cash Settlement. In the dynamic world of...

Now Read This

Rama Pillai’s Path to Electronic Trading Showed He is a Good Student

Rama Pillai’s Path to Electronic Trading Showed He is a Good Student

Rama Pillai enjoyed being a student and earned three separate degrees before deciding to come to Singapore to accept a position with SIMEX in 1991. Studying the floor-to-screen migration of other exchanges and spearheading a proactive migration plan for SGX showed that Pillai was a good student.

The seven-year-old SIMEX made Pillai employee number 118 when he joined a three-person sales team that also handled marketing and business development. Reflecting on this experience, he remarked, “It was just the three of us covering the world.”

Futures Discovery: Physical Delivery VS Cash Settlement

Futures Discovery: Physical Delivery VS Cash Settlement

In episode 7 of Futures Discovery, we’re delving into the fundamental aspect of futures trading—the Settlement Showdown: Physical Delivery versus Cash Settlement. In the dynamic world of futures trading, how contracts are settled is a game-changer, influencing strategies and risks alike. Join me as we explore the two primary methods that define this landscape: Physical Delivery and Cash Settlement.

Pin It on Pinterest

Share This Story