# Bachelier Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bachelier-technology

- Industry: Financial Services
- Headquarters: Shanghai, China
- Website: www.tongyu-quant.com
- Latest round: Series B (Mar 31, 2020)
- Investors on record: 2

## About

Established in 2016 and based in Shanghai, China, Bachelier Technology is a financial derivatives service platform that provides IT solutions and technical support services related to on-exchange and over-the-counter derivatives. The company's core team was from Wells Fargo, Morgan Stanley, Shanghai Stock Exchange, China Merchants Bank, CITIC Securities and other institutions. The company has branches in Shanghai, Hangzhou, Shenzhen, and Beijing. In March 2020, the company closed a series B funding from Hillhouse Capital Group and Sinovation Ventures.

The company is committed to the infrastructure construction services of derivatives and has established systems such as the derivatives business basic platform, risk management platform, sales and trading empowerment platform, etc. Including FIRST (on-exchange options market making system), BCT (FICC) OTC derivatives mid-back management system, Tongyu OMS client, Tongyu OTC derivatives tripartite independent valuation system, and derivatives regulatory reporting system. The company's services cover the full range of business management from the front office, middle office, and back office. Its customers include regulatory units, exchanges, securities, banks, etc.

The company generates revenue by providing financial derivatives infrastructure service platform and related IT technology services.

## Funding rounds

- Series B, Mar 31, 2020 — Sinovation Ventures, Hillhouse Investment
- Series A, Mar 26, 2019 — Sinovation Ventures

## Investors

- Sinovation Ventures (https://capitalatlas.ai/funds/sinovation-ventures) — Series A, Series B
- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Series B