Composer, an automated trading platform, announced it has crossed $1,000,000,000 in trading volume for the month of July, signaling robust growth in the algorithmic investment sector. The milestone, shared by the company on social media, underscores the increasing adoption of sophisticated, no-code trading solutions by retail investors.
The Toronto-based fintech firm specializes in enabling users to build, backtest, and execute complex trading strategies for stocks and exchange-traded funds (ETFs) without requiring any coding knowledge. This approach aims to democratize algorithmic trading, traditionally the domain of hedge funds and institutional investors, for a broader audience. Composer is registered with the SEC as a Registered Investment Adviser (RIA).
Composer's platform allows "prosumer" investors, typically financially savvy individuals aged 25-35, to automate their investment decisions through customizable "symphonies" – their term for automated strategies. This appeals to those seeking to apply advanced methodologies to their portfolios while mitigating the emotional aspects often associated with manual trading.
The company has previously secured over $11 million in funding from investors including First Round Capital and Left Lane Capital. Past reports have highlighted Composer's significant growth in both trading volume and Assets Under Management (AUM), even amidst broader market volatility, suggesting a strong market fit for its automated solutions.
The achievement of a billion-dollar monthly trading volume positions Composer as a notable player in the evolving landscape of financial technology, particularly in the automated and AI-driven investment space. This milestone reflects a growing trend where retail investors are increasingly leveraging technology to gain an edge in dynamic market conditions.