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818 Moment Raises $36M to Replace Spreadsheet-Driven Bond Trading with Unified Platform

AlleyWatch
AlleyWatch @ AlleyWatch 2 place · 07/15/2025 09:37 EDT

Most financial institutions still trade bonds the same way they did decades ago - through phone calls, spreadsheets, and disconnected systems. A team of former Citadel and Jane Street quants just raised $36M to change that, building a platform that processes 3M+ orders with sub-second execution times. LPL Financial calls it the solution they've been waiting for 25+ years, while Sanctuary Wealth now uses it in recruiting pitches. Here's how they're modernizing the $150T market everyone forgot to automate.

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