Summit Partners, the Boston-based private equity firm, has invested $6m (€4.8m) in Tradeware, the financial technology firm, to develop its trading technology and make future acquisitions.

The investment comes as Tradeware prepares to launch a new suite of broking products for the US and European marketplaces. The expansion will include trading and settlement services which it added to its portfolio following the acquisition of Omiris, a former portfolio company of Carlyle Europe Venture Partners which went into voluntary liquidation last year.