Citi

TransFICC Limited is an e-trading technology company based in London, United Kingdom, that specializes in providing application programming interfaces (APIs) for the fixed income and derivatives markets. Founded in 2016, the company addresses the issue of fragmentation within these markets by offering a unified API that simplifies connectivity for banks and asset managers. Clients connect once to TransFICC's platform, which then manages the connections to various electronic trading venues. The technology emphasizes low latency, scalability, and security, allowing clients to keep up with rapid price updates and compete effectively against high-frequency trading firms. Additionally, TransFICC provides microsecond timestamping of price and order messages, ensuring a comprehensive audit trail that supports Best Execution requirements. The company is dedicated solely to enhancing market access, facilitating easier upgrades when trading venues change their APIs compared to traditional enterprise systems.

Exponential Markets is focused on creating innovative financial instruments aimed at enhancing hedging capabilities and risk management across various asset classes. The company's initial offering, the Exponential Used Vehicle Index, represents a novel tradable index for the automotive sector, enabling rental car companies, auto insurers, and lessors to mitigate risks associated with used vehicle prices. Additionally, Exponential Markets is developing a financial platform that seeks to establish a modern exchange for the evolving economy, featuring tradable and brokered financial products. The company plans to expand its offerings to include cash-settled index derivatives for new and underserved markets, while also exploring applications for smart market technologies.

Nasdaq Private Market (NPM) is a secondary market trading platform designed for private companies, their employees, and investors seeking liquidity in private company stock. Since its inception, NPM has facilitated over $44 billion in transactions and managed more than 600 company-sponsored liquidity programs, enabling over 160,000 market participants to access liquidity. The platform provides a range of solutions for private companies and investors, including tender offers, auctions, company marketplaces, and block trades. In 2021, NPM became an independent entity after spinning off from Nasdaq, with strategic investments from several major financial institutions. As more companies choose to remain private for extended periods, NPM aims to enhance the liquidity landscape, leveraging its expertise to support the evolving needs of the market.

Exponential Markets is focused on creating innovative financial instruments aimed at enhancing hedging capabilities and risk management across various asset classes. The company's initial offering, the Exponential Used Vehicle Index, represents a novel tradable index for the automotive sector, enabling rental car companies, auto insurers, and lessors to mitigate risks associated with used vehicle prices. Additionally, Exponential Markets is developing a financial platform that seeks to establish a modern exchange for the evolving economy, featuring tradable and brokered financial products. The company plans to expand its offerings to include cash-settled index derivatives for new and underserved markets, while also exploring applications for smart market technologies.

Finsemble provides a smart desktop platform that enhances automation and interoperability for the finance industry. Its solutions enable various applications—whether native, web-based, in-house, or third-party—to connect and share information seamlessly. This functionality allows clients to develop customized workflows that improve efficiency and reduce errors, resulting in significant time savings, such as ten minutes per trade and a 33% decrease in request for quote (RFQ) response times. The platform's no/low-code approach facilitates easier integration and collaboration, making it accessible for firms looking to streamline their operations. Finsemble's commitment to high-quality support and successful partnerships has led to its adoption by prominent clients in the sector.

AccessFintech Limited is a fintech company that specializes in risk management services for the global financial industry, including banks and buy-side firms. Founded in 2016 and headquartered in Tel Aviv-Yafo, Israel, the company offers a platform that aggregates data from various internal systems, vendors, and reports, providing users with a unified portal. This system enables clients to track the entire trade lifecycle, prioritize risks, and respond to market changes effectively. AccessFintech’s technology creates a comprehensive visual display of potential risks associated with financial transactions, facilitating collaboration across organizations. The platform also supports control functions that allow managers to identify bottlenecks and intervention points while tracking usage patterns to enhance operational efficiency. By connecting financial firms with fintech providers, AccessFintech helps organizations streamline their processes and optimize their risk management strategies.

Genesis Global enables financial markets organizations to innovate at speed through a software application development platform, prepackaged solutions and deep expertise in capital markets and financial services. In supercharging developers to rapidly deliver high-performance, resilient and secure applications, Genesis replaces the buy vs. build challenge with a buy-to-build solution. The Genesis platform is designed with flexibility and performance at its core, providing developers with the frameworks, integrations and components required to automate manual workflows, enhance legacy systems and build entirely new applications. Featuring a resilient, real-time service-oriented architecture, Genesis excels across the performance envelope of low-latency, high-throughput and high-scalability, powering mission-critical applications at the world’s leading financial institutions. Strategically backed by Bank of America, BNY Mellon and Citi, Genesis Global has offices in Miami, New York, Charlotte, London, Leeds, São Paulo, Dublin and Bengaluru.

LiquidX Inc. is the largest electronic marketplace for the exchange of Trade Finance assets. Through its leading technology platform and a diverse and flexible pool of capital, our transaction-based marketplace provides a transparent platform for tapping the capital markets to deliver best price execution for Trade Finance assets. The marketplace is open to all participants including large corporations, banks, asset managers, hedge funds, insurers and family offices to trade risk and to invest in the Trade Finance asset class. Our seller base is diverse and deep with credits from the largest global companies, and our buyer base ranges from the largest global banks to community banks, hedge funds, and global asset managers.

Amberdata Inc. is a provider of a cloud-based Software as a Service (SaaS) platform focused on monitoring, analyzing, and securing both public and private blockchains. Established in 2017 and headquartered in West New York, New Jersey, Amberdata offers a comprehensive suite of tools, APIs, and SDKs designed for traders, investors, wallets, and developers. Their platform integrates validated blockchain and cryptocurrency market data from major exchanges, allowing clients to build data-driven applications that enhance competitive advantage. Furthermore, Amberdata's services support a range of functions, including research, trading, risk assessment, analytics, reporting, and compliance, thereby equipping financial institutions with the necessary infrastructure to engage in digital asset markets effectively.

Blockdaemon Inc. is a company that develops a blockchain node management platform, enabling businesses, enterprises, and developers to efficiently deploy and manage blockchain applications. The platform supports over 30 blockchain protocols, including Bitcoin, Ethereum, XRP, Tezos, and Polkadot, offering tools for exchanges, custodians, and financial institutions. Blockdaemon's solution is designed for flexibility, allowing users to switch between networks and chains easily, thus simplifying the configuration process. The company also provides valuable dev-ops guidance to support the blockchain developer ecosystem. Founded in 2013 and headquartered in Los Angeles, California, Blockdaemon has additional offices in New York and Ireland.

Octaura is an electronic trading solution created by the industry – for the industry. Backed by eight major US financial institutions, Octaura has reimagined the way the syndicated loan and the CLO markets trade. Efficiency, transparency and simplicity are at the heart of what we do.

TransFICC Limited is an e-trading technology company based in London, United Kingdom, that specializes in providing application programming interfaces (APIs) for the fixed income and derivatives markets. Founded in 2016, the company addresses the issue of fragmentation within these markets by offering a unified API that simplifies connectivity for banks and asset managers. Clients connect once to TransFICC's platform, which then manages the connections to various electronic trading venues. The technology emphasizes low latency, scalability, and security, allowing clients to keep up with rapid price updates and compete effectively against high-frequency trading firms. Additionally, TransFICC provides microsecond timestamping of price and order messages, ensuring a comprehensive audit trail that supports Best Execution requirements. The company is dedicated solely to enhancing market access, facilitating easier upgrades when trading venues change their APIs compared to traditional enterprise systems.

Amberdata Inc. is a provider of a cloud-based Software as a Service (SaaS) platform focused on monitoring, analyzing, and securing both public and private blockchains. Established in 2017 and headquartered in West New York, New Jersey, Amberdata offers a comprehensive suite of tools, APIs, and SDKs designed for traders, investors, wallets, and developers. Their platform integrates validated blockchain and cryptocurrency market data from major exchanges, allowing clients to build data-driven applications that enhance competitive advantage. Furthermore, Amberdata's services support a range of functions, including research, trading, risk assessment, analytics, reporting, and compliance, thereby equipping financial institutions with the necessary infrastructure to engage in digital asset markets effectively.

Komgo SA is a Swiss-based technology company that operates a distributed ledger platform aimed at digitalizing the trade and commodities finance sector. Founded in 2018 and headquartered in Geneva, the company has expanded its presence with offices in Singapore, London, New York, and Houston. Komgo's platform streamlines trade finance processes by eliminating manual and paper-based methods, thereby reducing the risk of fraud and enhancing efficiency. It provides a secure environment for peer-to-peer transactions, which allows banks, traders, and other participants to easily access the liquidity necessary for global trade. By offering innovative workflow solutions and a benchmark data reference for the industry, Komgo is committed to simplifying trade finance and creating a more transparent and efficient marketplace.

Genesis Global enables financial markets organizations to innovate at speed through a software application development platform, prepackaged solutions and deep expertise in capital markets and financial services. In supercharging developers to rapidly deliver high-performance, resilient and secure applications, Genesis replaces the buy vs. build challenge with a buy-to-build solution. The Genesis platform is designed with flexibility and performance at its core, providing developers with the frameworks, integrations and components required to automate manual workflows, enhance legacy systems and build entirely new applications. Featuring a resilient, real-time service-oriented architecture, Genesis excels across the performance envelope of low-latency, high-throughput and high-scalability, powering mission-critical applications at the world’s leading financial institutions. Strategically backed by Bank of America, BNY Mellon and Citi, Genesis Global has offices in Miami, New York, Charlotte, London, Leeds, São Paulo, Dublin and Bengaluru.

AccessFintech Limited is a fintech company that specializes in risk management services for the global financial industry, including banks and buy-side firms. Founded in 2016 and headquartered in Tel Aviv-Yafo, Israel, the company offers a platform that aggregates data from various internal systems, vendors, and reports, providing users with a unified portal. This system enables clients to track the entire trade lifecycle, prioritize risks, and respond to market changes effectively. AccessFintech’s technology creates a comprehensive visual display of potential risks associated with financial transactions, facilitating collaboration across organizations. The platform also supports control functions that allow managers to identify bottlenecks and intervention points while tracking usage patterns to enhance operational efficiency. By connecting financial firms with fintech providers, AccessFintech helps organizations streamline their processes and optimize their risk management strategies.

Genesis Global enables financial markets organizations to innovate at speed through a software application development platform, prepackaged solutions and deep expertise in capital markets and financial services. In supercharging developers to rapidly deliver high-performance, resilient and secure applications, Genesis replaces the buy vs. build challenge with a buy-to-build solution. The Genesis platform is designed with flexibility and performance at its core, providing developers with the frameworks, integrations and components required to automate manual workflows, enhance legacy systems and build entirely new applications. Featuring a resilient, real-time service-oriented architecture, Genesis excels across the performance envelope of low-latency, high-throughput and high-scalability, powering mission-critical applications at the world’s leading financial institutions. Strategically backed by Bank of America, BNY Mellon and Citi, Genesis Global has offices in Miami, New York, Charlotte, London, Leeds, São Paulo, Dublin and Bengaluru.

Spark Systems is a fintech startup focused on developing a foreign exchange trading platform tailored to the needs of institutional clients in Asia. The company aims to address the specific requirements of buy-side subgroups by offering solutions for segmented and underserved forex markets. Its platform is designed to enhance usability and optimize user experience, providing a stable and ultra-low latency marketplace. Spark Systems utilizes an aggregator and sophisticated algorithms for execution, enabling local banks, hedge funds, retail traders, and corporate treasuries to leverage liquidity and trading history effectively. The firm is positioned to contribute significantly to the evolution of the financial services landscape in Asia.

TransFICC Limited is an e-trading technology company based in London, United Kingdom, that specializes in providing application programming interfaces (APIs) for the fixed income and derivatives markets. Founded in 2016, the company addresses the issue of fragmentation within these markets by offering a unified API that simplifies connectivity for banks and asset managers. Clients connect once to TransFICC's platform, which then manages the connections to various electronic trading venues. The technology emphasizes low latency, scalability, and security, allowing clients to keep up with rapid price updates and compete effectively against high-frequency trading firms. Additionally, TransFICC provides microsecond timestamping of price and order messages, ensuring a comprehensive audit trail that supports Best Execution requirements. The company is dedicated solely to enhancing market access, facilitating easier upgrades when trading venues change their APIs compared to traditional enterprise systems.

Komgo SA is a Swiss-based technology company that operates a distributed ledger platform aimed at digitalizing the trade and commodities finance sector. Founded in 2018 and headquartered in Geneva, the company has expanded its presence with offices in Singapore, London, New York, and Houston. Komgo's platform streamlines trade finance processes by eliminating manual and paper-based methods, thereby reducing the risk of fraud and enhancing efficiency. It provides a secure environment for peer-to-peer transactions, which allows banks, traders, and other participants to easily access the liquidity necessary for global trade. By offering innovative workflow solutions and a benchmark data reference for the industry, Komgo is committed to simplifying trade finance and creating a more transparent and efficient marketplace.

DirectBooks is a prominent communications platform that focuses on deal data, documentation, and information exchange in primary markets, particularly for investment-grade fixed income. It aims to optimize the primary issuance process for fixed-income instruments by providing a centralized digital platform that streamlines communications among various stakeholders. The platform offers real-time updates on multiple deals through a user-friendly dashboard, enhancing the efficiency and accuracy of workflows for both investors and underwriters. By promoting industry standardization and automation, DirectBooks plays a crucial role in modernizing how financial transactions are managed in the primary markets.

Cosaic, Inc. specializes in charting and data visualization solutions tailored for the capital markets. The company develops HTML5 financial charting tools and data visualization products aimed at brokerages, individual traders, institutional trading desks, financial portals, and independent trading platforms. Its flagship product, ChartIQ, is a crowdsourced analytics and financial visualization platform that enables clients to create interactive charting experiences for their users. Cosaic also offers the Term Structure Graph, which provides real-time interactive charts for fixed income and derivatives markets. The company's professional-grade charting and technical analysis library is compatible across various devices, including desktops, web browsers, tablets, and smartphones. Founded in 2012 and based in Charlottesville, Virginia, Cosaic was previously known as ChartIQ, Inc. and rebranded in July 2020. The company collaborates with partners such as Xignite, OpenFin, and Thomson Reuters to enhance its offerings.

AccessFintech Limited is a fintech company that specializes in risk management services for the global financial industry, including banks and buy-side firms. Founded in 2016 and headquartered in Tel Aviv-Yafo, Israel, the company offers a platform that aggregates data from various internal systems, vendors, and reports, providing users with a unified portal. This system enables clients to track the entire trade lifecycle, prioritize risks, and respond to market changes effectively. AccessFintech’s technology creates a comprehensive visual display of potential risks associated with financial transactions, facilitating collaboration across organizations. The platform also supports control functions that allow managers to identify bottlenecks and intervention points while tracking usage patterns to enhance operational efficiency. By connecting financial firms with fintech providers, AccessFintech helps organizations streamline their processes and optimize their risk management strategies.

TransFICC Limited is an e-trading technology company based in London, United Kingdom, that specializes in providing application programming interfaces (APIs) for the fixed income and derivatives markets. Founded in 2016, the company addresses the issue of fragmentation within these markets by offering a unified API that simplifies connectivity for banks and asset managers. Clients connect once to TransFICC's platform, which then manages the connections to various electronic trading venues. The technology emphasizes low latency, scalability, and security, allowing clients to keep up with rapid price updates and compete effectively against high-frequency trading firms. Additionally, TransFICC provides microsecond timestamping of price and order messages, ensuring a comprehensive audit trail that supports Best Execution requirements. The company is dedicated solely to enhancing market access, facilitating easier upgrades when trading venues change their APIs compared to traditional enterprise systems.

Trading Ticket, a startup based out of New York, wants to develop a suite of products that will help consumers become more active, and proactive, investors. TradeIt is a patent pending technology that is in alpha on a publicly listed publishing platform. TradeIt allows users to quickly and easily place orders with their existing online brokerage accounts from any website or mobile device. Developed by 3 leading financial technology veterans, TradeIt has built a robust technology platform that can be easily integrated and embedded into any website, mobile device or advertising unit. TradeIt has navigated the complexities of legal compliance and security concerns to allow for online traders to have safe, fast, frictionless ordering.

Chain develops cryptographic ledger systems to enhance the security and connectivity of financial services. By offering ledger-as-a-service technology, the company enables organizations to securely track and transfer financial assets in token format. Its blockchain solutions facilitate the management of these assets on private ledgers while allowing seamless transfers across public networks. Chain's customer base includes prominent financial institutions such as Visa, Nasdaq, and Citigroup, as well as innovative startups creating new financial products. Additionally, the company collaborates with Interstellar, which focuses on revolutionizing international payments through the Stellar blockchain network, providing faster, cheaper, and more reliable global financial solutions.

Trading Ticket, a startup based out of New York, wants to develop a suite of products that will help consumers become more active, and proactive, investors. TradeIt is a patent pending technology that is in alpha on a publicly listed publishing platform. TradeIt allows users to quickly and easily place orders with their existing online brokerage accounts from any website or mobile device. Developed by 3 leading financial technology veterans, TradeIt has built a robust technology platform that can be easily integrated and embedded into any website, mobile device or advertising unit. TradeIt has navigated the complexities of legal compliance and security concerns to allow for online traders to have safe, fast, frictionless ordering.

M-DAQ Pte Ltd is a company that offers a unique platform enabling the pricing and trading of exchange-traded products in multiple currencies. Founded by experienced professionals from the foreign exchange and securities industries, M-DAQ integrates executable foreign exchange rates into equities and futures products. This innovation allows traders and security exchanges to operate in a multi-currency environment without the need for extensive alterations to existing systems. M-DAQ collaborates closely with national exchanges and global foreign exchange banks, managing consultancy work to facilitate the implementation of its solution. The company also provides exchanges and FX consortium banks with licensing agreements, which include revenue-sharing arrangements based on net foreign exchange margins. This approach allows partner exchanges to operate cross-currency platforms while adhering to local regulatory frameworks.

Block, Inc. is a technology company established in 2009 that specializes in financial services. It encompasses several key divisions, including Square, Cash App, TIDAL, and TBD, all aimed at increasing economic accessibility. Block provides payment services to merchants and has developed Cash App, a person-to-person payment network that facilitates financial transactions between individuals. In 2023, the company reported a payment volume exceeding $200 million. Through its various platforms and services, Block seeks to empower users and enhance their ability to engage with the economy.

InvestLab is an on-demand financial services technology company that serves the global investing market. Founded in 2010, InvestLab provides its customizable MIX trading platform through a software as a service model to retail brokerages. By using MIX, brokers can access any market around the world while trading any equity, option, or commodity available.

Automated Trading Desk, LLC specializes in the development of automated trading systems for various financial entities, including trading companies and institutions. Founded in 1988 and headquartered in Mount Pleasant, South Carolina, the company provides several key services, such as AUTO, which prioritizes customer trades, and AUTO-PILOT, designed to execute large orders with minimal market disruption. Additionally, it offers automated execution services for trading in pink sheets and bulletin boards. Automated Trading Desk focuses on trading technology development, enabling its clients to analyze markets effectively, manage risks, and streamline trade settlement processes. As of October 2007, it operates as a subsidiary of Citigroup, Inc. through Automated Trading Desk Holdings, Inc.

BATS Global Markets is a prominent operator of financial exchanges that provides a range of trading solutions and products across various asset classes, including equities, derivatives, digital assets, and foreign exchange. The company runs multiple equities exchanges, specifically the BZX, BYX, EDGA, and EDGX Exchanges, alongside two U.S. equity options markets, namely Bats BZX Options and Bats EDGX Options. By offering advanced trading, clearing, and investment solutions, BATS Global Markets plays a significant role in the financial markets, catering to the needs of investors worldwide. The company is recognized for its innovative approach to trading, contributing to the overall efficiency and accessibility of market services.

NSE is India's leading stock exchange covering various cities and towns across the country. NSE was set up by leading institutions to provide a modern, fully automated screen-based trading system with national reach. The Exchange has brought about unparalleled transparency, speed and efficiency, safety, and market integrity. It has set up facilities that serve as a model for the securities industry in terms of systems, practices, and procedures. NSE has played a catalytic role in reforming the Indian securities market in terms of microstructure, market practices, and trading volumes. The market today uses state-of-art information technology to provide an efficient and transparent trading, clearing, and settlement mechanism and has witnessed several innovations in products & services viz. demutualization of stock exchange governance, screen-based trading, compression of settlement cycles, dematerialization and electronic transfer of securities, securities lending, and borrowing, professionalization of trading members, fine-tuned risk management systems, emergence of clearing corporations to assume counterparty risks, market of debt and derivative instruments and intensive use of information technology.

Lava Trading develops and provides equities, derivatives, and foreign exchange trading software solutions for broker/dealers, market makers, hedge funds, and institutional investors. The company provides trading systems, such as Lava ColorBook, which integrates order books from ECNs, exchanges, and liquidity sources into a data feed; Lava Trading Floor, a front-end trader workstation; and Lava ColorMaker, an art market making application. Lava Trading develops was founded by Richard Korhammer in 1999 and is headquartered in South Carolina.