Moment

As part of our $36M Series B announcement, we were thrilled to share the news of our partnership with LPL Financial. LPL is one of the biggest and fastest-growing independent broker-dealer in the U.S., supporting over 29,000 advisors and managing over $2T in assets. Through this partnership, Moment will provide LPL a unified Order and Execution Management System (OEMS) to help modernize its fixed income operations, driving greater scale, execution quality, and 10x efficiency across their desk. As Michael G. Haire, Senior Vice President of Fixed Income at LPL put it, "In my 25+ years of experience leading large fixed income teams, Moment is the innovative solution we've been waiting for and the only player in the market offering a single, unified fixed income platform." We're deeply grateful to the team at LPL for their trust, vision, and incredible partnership. They are a pleasure to collaborate with, and are among the most innovative and forward-thinking players in the industry. We can't wait for all that's to come as we engineer the future of fixed income together. Read the full press release here: https://lnkd.in/ek49SQMg

Our first website launched in 2023. Our graphic designer was none other than co-founder and COO, Ammer S.. And to be honest, we hadn't updated the site since. A lot has changed since then. We now power fixed income trading and portfolio management for leading financial institutions like LPL Financial and Hightower Advisors, and a few weeks ago we announced our $36M Series B led by Index Ventures. It was time for a redesign. Figuring out how to nail the vibes wasn’t easy. We wanted to capture our best in class technology, a forward-deployed partnership model, our elite talent. A brand that feels like us: fast, innovative, and obsessed with excellence. Shoutout to Billy Tseng for crafting a visual system as modular, crisp, and sophisticated as our platform and as professional as our partners and for leading our engagement with Play SF. And shoutout to Vova Vindar for designing and developing our new website from scratch in a matter of weeks. We kind of have to update it far more often now. Plus, we’ve got big news coming. If you’re a designer or engineer who wants to build the future of financial markets, let’s talk. Explore our new brand at: moment.com.

Our CEO Dylan Parker joined John Coogan and Jordi Hays at TBPN following our $36M Series B Announcement to discuss: - Dylan, Dean, and Anish's time building systematic fixed income trading at Citadel - who we serve (the largest financial players and fintechs) - how the fixed income market is split between government, corporate, and municipal bonds and how 4 million bonds actually trade today - what we're hiring for (spoiler: everything)! Watch the full clip below:

The View from the Office. I met up with Dylan Parker, CEO of startup Moment at the firm’s offices near Wall Street. Moment aims to transform the market for trading corporate bonds by automating many of the steps. Launched three years ago, the firm has already signed up major wealth platforms. The opportunity Dylan and his co-founders targeted was the staggering inefficiency in how advisors, portfolio managers and traders identify and process trades and conduct portfolio management. The bond market is larger than stocks but it has been slower than equities to adopt technology to automate workflows. It’s not uncommon for a financial advisor to send a request to re-balance a client portfolio that can take hours or even days to assess, process and execute. Dylan and his co-founders want to streamline the flow, starting with a portfolio optimization tool and software to handle execution and compliance. Dylan said 90+% of trades shouldn’t require a trader to be completed. Earlier this month, Moment raised $36 million as part of a series B funding from the venture capital firms Index Ventures, A16Z, and Lightspeed. That reflects progress Moment has made since 2023 when Dylan said he was turned down by 40 VCs before securing seed capital from Contrary Capital. Later that year the firm raised $17 million in a Series A led by A16z. Moment started writing code in January 2023 and processed the first trade at the start of 2024. It’s been a fast ride. Dylan met his co-founders, Ammer S. and Dean Hathout, when they were undergraduates at Harvard. After graduating, he and Dean were hired by Citadel Securities to join a newly created fixed income automated market making desk Citadel was trying to catch up with Jane Street and had poached Anish Karyat. Anish was the head of systematic credit trading at Jane Street where he spent 15 years. Dylan said he didn’t know anything about capital markets or bond trading when he started at Citadel but his initial reaction was that surely it couldn’t be this inefficient. He was shocked that bigger players hadn’t solved these problems. He said his lack of knowledge was probably an advantage in that he wasn’t deterred. Dylan spent weekends in Madison Square Park reading Frank Fabbozi’s handbook for fixed income (considered the Bible by bond traders.) He and Dean decided to leave Citadel in 2022. They later persuaded their former boss, Anish, to join them full time. Dylan never met Citadel founder Ken Griffin but he’s taken away some lessons, most notably: Small teams of exceptional people can outperform teams 10 times larger. Citadel underscored the importance of hiring high slope people and piling on as much responsibility as possible. “Sometimes they’re going to fail under the pressure, but more likely than not they’re going to do things that both you and they thought were completely impossible,” Dylan said. Dylan can be reached via LinkedIn or DM me for a warm intro. #viewfromoffice

Last week, our CEO and Co-Founder Dylan Parker shared the news of our $36M Series B fundraise live on NYSE TV with Kristen Scholer. Dylan discussed our mission to automate every mission-critical workflow for traders and portfolio managers in the fixed income market and how Moment employs a forward-deployed model to tackle the hardest problems our partners face. We just announced our partnership with LPL Financial, and have a lot more exciting partnership announcements coming up. We're growing the team in NYC to meet this demand. See our open roles at https://moment.com/careers Check out the clip for more: https://lnkd.in/gXS_VD6x

Our CEO Dylan Parker was at NYSE this morning to discuss our recent fundraise live. Stay tuned! 👀 🫡

When Dylan, Ammer and I started Moment three years ago, we weren’t chasing hype. We were focused on building something enduring: a company grounded in intellectual rigor and real impact. Of course, we knew that doing so would require getting the right people to join us, both internally and externally. That has proven to be true even more than we could have thought. The people at Moment are the reason we’ve come this far. Not just for their talent, but for the way they challenge, collaborate, and obsess over solving complex problems the right way. Likewise, we would not be here without our investors and customers who saw what we saw, and trusted us early on. We are thrilled to be on this journey with all of you, and cannot wait for all there is to come. This is just the beginning!

Our CEO Dylan Parker was at NYSE this morning to discuss our recent fundraise live. Stay tuned! 👀 🫡

IN NEWS: Moment raises $36M to modernize fixed income. The round was led by Index Ventures to bring automation to the $150T fixed income market. The company also announced a new partnership with LPL Financial, the largest broker-dealer in the U.S. The team, alums of Citadel and Jane Street, has set out to rebuild the fixed income stack, powering everything from bond trading to mission-critical workflows. Co-founder & CEO, Dylan Parker, joined us today to break it down. Tune in here: https://lnkd.in/grEcq4YG Follow TBPN on LinkedIn for more.

Yesterday, we announced Moment's $36M Series B. When Dylan, Dean, and I started Moment, the one thing we cared most about was getting to work with exceptional people. At Citadel and McKinsey, we were surrounded by some of the most amazing people we’d ever meet. In starting Moment, we hoped we could recreate that environment, and maybe even push it further. And we have. The team at Moment is world-class. The thoughtfulness, drive, and care that everyone brings — not just to their work, but to each other — is what makes this company special. You see it in the little things: how we ship product, how we show up for customers, and how we hold ourselves to a high bar even when no one’s watching. We’ve also been blown away by the support from our community yesterday. There are too many people to thank properly — investors, customers, friends, and family — but we feel it every day. It’s what makes the long nights, the constant iteration, and tough moments, all worth it. We’re proud of what we’ve built so far. And even more excited for what’s ahead. We’re hiring - drop us a note (email in comments)