FIA Tech develops post-trade technology for the exchange-traded derivatives (ETD) market, centered on its Trade Data Network (TDN), a shared ledger of trading information. The TDN aims to address fragmentation and lack of transparency in ETD post-trade processing and is designed to reduce clearing delays and overall costs for brokers. The initial rollout focuses on allocations processing and trade confirmations, providing trade lifecycle transparency across multiple brokers and clearinghouses. TDN also includes benchmarking, metrics tracking and reporting to drive best practices and reduce complexity for independent software vendors. The initiative already includes 16 banks/brokers and 40 investment managers and hedge funds with combined assets under management of over $37 trillion. Financially, FIA Tech has raised almost $70 million to date, including a $44 million Series A in 2021 and an additional $25.4 million funding round.

Total raised

$25M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2023