Banks have spent decades choosing between rigid vendor software and expensive custom code. Genesis Global raised roughly $270 million to sell them a third option - reusable financial-market plumbing that can still be made their own.
FIA Tech is the leading technology provider to the global exchange-traded and cleared derivatives industry, owned by a consortium of major clearing firms and the Futures Industry Association. Its platform automates post-trade processing - brokerage calculation and settlement, give-up agreements, reference data, OCR compliance and reconciliation - and its flagship Trade Data Network provides a shared ledger of trading information to bring transparency to fragmented ETD post-trade markets. More than 8,000 futures market participants use its services.