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QFEX Raises $9.5 Million Seed Round – Plans 24/7 Leveraged Trading

General Catalyst led the March 5 raise, with Y Combinator participating; QFEX targets 24/7 leveraged trading (borrowing to amplify trades) up to 50x across United States stocks, stock indices, commodities, and forex (foreign exchange market).

Summary

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Terms & Concepts
  • Leverage: Borrowing funds to enlarge trades; increases potential returns and risks.
  • Forex (foreign exchange market): The global marketplace where national currencies are traded.
  • 24/7 trading: Round-the-clock market access allowing continuous order placement and execution.