Citi

TransFICC Limited is a London-based e-trading technology company that specializes in providing low-latency connectivity solutions for the fixed income and derivatives markets. Founded in 2015, the company addresses the challenges of fragmentation in these markets by offering a unified application programming interface (API) that consolidates various execution venue APIs into a single point of access. This streamlined approach allows clients, including banks and asset managers, to connect once to TransFICC's API, simplifying the management of connectivity with electronic trading venues. The company's technology ensures timely data transmission, employing microsecond timestamping to facilitate an audit trail that supports best execution practices. By offering cloud-based hosting and scalable solutions, TransFICC enables its clients to adapt quickly to changes in trading venues, thereby enhancing their trading efficiency and competitiveness.

Cicada is a fintech company that specializes in developing a bond trading platform aimed at enhancing efficiency, transparency, and fairness in financial systems. By leveraging technology and intuitive design, Cicada offers a user-friendly trading solution that transforms how market participants connect and conduct transactions. The platform facilitates connectivity and access to bond securities in emerging markets, simplifying the investment process for investors interested in these assets. Through its innovative approach, Cicada seeks to redefine the bond trading experience and provide greater opportunities for market engagement.

Exponential Markets is a fintech company developing innovative financial instruments for hedging risks across various asset classes. Its debut product, the Exponential Used Vehicle Index (AUTO), enables businesses like rental car companies and auto insurers to hedge against price fluctuations in used vehicles. The company aims to create cash-settled index derivatives for new markets and explore smart market applications, with a vision to build a modern exchange for tomorrow's assets.

Nasdaq Private Market (NPM) is a specialized platform that facilitates secondary market trading for private companies and their stakeholders, including employees, shareholders, and prospective investors. With a focus on enhancing liquidity, NPM has supported over $44 billion in transactions and managed more than 600 company-sponsored liquidity programs since its establishment. The company provides a range of liquidity solutions, such as tender offers, auctions, and marketplaces, aimed at simplifying the process for all parties involved. By operating through registered broker-dealer subsidiaries, NPM streamlines workflows and enhances the trading experience for issuers and investors alike. In 2021, NPM became an independent entity, having spun off from Nasdaq, and received backing from prominent financial institutions. As more companies remain private for extended periods, NPM's expertise positions it to expand the liquidity landscape in the evolving market.

Supra is a fintech company that specializes in providing cross-border payment and treasury solutions for businesses engaged in international trade. Its platform caters to companies of all sizes, enabling seamless transactions in multiple currencies. By offering services that facilitate foreign exchange and manage international treasury operations, Supra supports small and medium-sized businesses in navigating the complexities of global commerce. The company's focus on streamlined payment processes allows its clients to efficiently pay or receive payments across borders, enhancing their ability to operate in a competitive international market.

Transcend Street Solutions Inc. is a technology company focused on developing real-time inventory and collateral management optimization solutions for the capital markets. Established in 2013 and headquartered in Piscataway, New Jersey, the company provides a comprehensive platform that includes global inventory optimization, digitized eligibility management, transfer pricing models, and intraday liquidity management. It serves a diverse clientele of leading banks and financial institutions, positioning itself as a standard-bearer in the optimization of firm-wide management of inventory, funding, and liquidity. With a workforce of over 75 employees globally, Transcend Street Solutions effectively addresses various regulatory and capital challenges in the financial industry through its user-friendly Software as a Service (SaaS) and on-premises solutions.

Exponential Markets is a fintech company developing innovative financial instruments for hedging risks across various asset classes. Its debut product, the Exponential Used Vehicle Index (AUTO), enables businesses like rental car companies and auto insurers to hedge against price fluctuations in used vehicles. The company aims to create cash-settled index derivatives for new markets and explore smart market applications, with a vision to build a modern exchange for tomorrow's assets.

Finsemble is a technology company specializing in interoperability solutions for the finance industry. Its no-code and low-code smart desktop platform enables seamless connectivity between various types of applications, including native, web, in-house, and third-party software. By facilitating information sharing and synchronization, Finsemble allows clients to create customized, automation-assisted workflows that enhance operational efficiency. The platform significantly improves trading processes, achieving notable outcomes such as ten-minute time savings per trade and a 33% reduction in request-for-quote response times. Finsemble's offerings have garnered the trust of major financial institutions, including Citi, Pictet Asset Management, and Charles River Development, due to its commitment to high-quality US-based support and collaborative partnerships.

Access Fintech Limited is a fintech company that specializes in providing risk management services to banks and buy-side firms within the global financial services industry. Established in 2016 and headquartered in Tel Aviv-Yafo, Israel, the company has developed a platform that aggregates data from various internal systems, vendors, and outsourcers. This technology enables users to visualize the entire trade lifecycle and prioritize risks effectively. By offering a unified portal, Access Fintech allows financial institutions to analyze exceptions, understand associated risks, and adjust their priorities according to market conditions. The platform facilitates collaboration among teams by enabling the sharing of business exceptions and tracking usage patterns, while also connecting firms with fintech providers for software trials. Overall, Access Fintech enhances transparency and control within financial institutions, streamlining their operational models and improving risk management processes.

Genesis Global Technology Limited specializes in developing custom software and solutions tailored for the capital markets. Founded in 2015 and headquartered in London, with an additional office in New York, the company provides a range of platforms designed to enhance trading and operational efficiency. Its offerings include an automated quoting system for managing requests for quotes, an order execution management system, and a trade allocation manager that facilitates various trading processes. Additionally, Genesis Global offers tools for data management and reconciliation, such as a short/long code manager and a matcher. The company is led by a team of industry veterans with substantial experience in trading technologies across multiple asset classes, aiming to deliver innovative solutions that align with the evolving needs of clients in the financial sector.

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 a London-based e-trading technology company that specializes in providing low-latency connectivity solutions for the fixed income and derivatives markets. Founded in 2015, the company addresses the challenges of fragmentation in these markets by offering a unified application programming interface (API) that consolidates various execution venue APIs into a single point of access. This streamlined approach allows clients, including banks and asset managers, to connect once to TransFICC's API, simplifying the management of connectivity with electronic trading venues. The company's technology ensures timely data transmission, employing microsecond timestamping to facilitate an audit trail that supports best execution practices. By offering cloud-based hosting and scalable solutions, TransFICC enables its clients to adapt quickly to changes in trading venues, thereby enhancing their trading efficiency and competitiveness.

Qupital Limited is a fintech company that operates an online invoice trading platform designed to facilitate financing for businesses by allowing them to raise funds against their receivables. Established in 2016 and headquartered in Kowloon, Hong Kong, the platform connects Hong Kong-registered businesses with a diverse range of professional investors, including institutional investors and family offices. By enabling these businesses to upload invoices, Qupital allows investors to evaluate individual invoices and propose discount rates for advancing cash, thereby enhancing liquidity in the market. This innovative approach not only helps businesses reduce their financing costs but also provides investors with access to a new asset class of accounts receivables. Through its self-developed risk control model and strategic partnerships, Qupital aims to improve the efficiency of the financing process for cross-border e-commerce sellers.

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 Technology Limited specializes in developing custom software and solutions tailored for the capital markets. Founded in 2015 and headquartered in London, with an additional office in New York, the company provides a range of platforms designed to enhance trading and operational efficiency. Its offerings include an automated quoting system for managing requests for quotes, an order execution management system, and a trade allocation manager that facilitates various trading processes. Additionally, Genesis Global offers tools for data management and reconciliation, such as a short/long code manager and a matcher. The company is led by a team of industry veterans with substantial experience in trading technologies across multiple asset classes, aiming to deliver innovative solutions that align with the evolving needs of clients in the financial sector.

Access Fintech Limited is a fintech company that specializes in providing risk management services to banks and buy-side firms within the global financial services industry. Established in 2016 and headquartered in Tel Aviv-Yafo, Israel, the company has developed a platform that aggregates data from various internal systems, vendors, and outsourcers. This technology enables users to visualize the entire trade lifecycle and prioritize risks effectively. By offering a unified portal, Access Fintech allows financial institutions to analyze exceptions, understand associated risks, and adjust their priorities according to market conditions. The platform facilitates collaboration among teams by enabling the sharing of business exceptions and tracking usage patterns, while also connecting firms with fintech providers for software trials. Overall, Access Fintech enhances transparency and control within financial institutions, streamlining their operational models and improving risk management processes.

Genesis Global Technology Limited specializes in developing custom software and solutions tailored for the capital markets. Founded in 2015 and headquartered in London, with an additional office in New York, the company provides a range of platforms designed to enhance trading and operational efficiency. Its offerings include an automated quoting system for managing requests for quotes, an order execution management system, and a trade allocation manager that facilitates various trading processes. Additionally, Genesis Global offers tools for data management and reconciliation, such as a short/long code manager and a matcher. The company is led by a team of industry veterans with substantial experience in trading technologies across multiple asset classes, aiming to deliver innovative solutions that align with the evolving needs of clients in the financial sector.

Spark Systems, established in 2016 and headquartered in Singapore, specializes in operating an online foreign exchange (FX) trading platform. This FinTech startup, backed by industry veterans, caters primarily to institutional clients, offering a high-tech solution tailored to the unique needs of buy-side subgroups. The company's platform provides a stable, ultra-low latency marketplace, aggregating liquidity and employing algorithms to enhance usability and optimize user experience. This enables diverse participants, including local banks, hedge funds, retail traders, and corporate treasuries, to effectively trade in segmented and under-served FX markets.

TransFICC Limited is a London-based e-trading technology company that specializes in providing low-latency connectivity solutions for the fixed income and derivatives markets. Founded in 2015, the company addresses the challenges of fragmentation in these markets by offering a unified application programming interface (API) that consolidates various execution venue APIs into a single point of access. This streamlined approach allows clients, including banks and asset managers, to connect once to TransFICC's API, simplifying the management of connectivity with electronic trading venues. The company's technology ensures timely data transmission, employing microsecond timestamping to facilitate an audit trail that supports best execution practices. By offering cloud-based hosting and scalable solutions, TransFICC enables its clients to adapt quickly to changes in trading venues, thereby enhancing their trading efficiency and competitiveness.

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 specializes in the primary markets, focusing on investment grade fixed income. The company has developed a global financing digital platform aimed at streamlining the primary issuance process for fixed-income instruments. By creating a centralized distribution point, DirectBooks facilitates effective management of communications among various stakeholders involved in the issuance process. The platform offers real-time updates on multiple deals, enhancing the efficiency and accuracy of workflows for both investors and underwriters. Through its emphasis on industry standardization and automation, DirectBooks seeks to optimize the exchange of deal data, documentation, and pertinent information within the financial market.

Udaan is a B2B e-commerce platform based in India that connects businesses with suppliers across various sectors, including FMCG, pharmaceuticals, and staples. It aims to address core trade challenges faced by small, medium, and large enterprises by providing a centralized platform for buying and selling goods. Udaan facilitates direct connections between clients, allowing them to negotiate better deals while ensuring secure payment processes and efficient logistics. The platform also supports small businesses by offering financial products tailored to their needs, thereby enhancing their operational capabilities and market reach.

Cosaic, Inc. is a software developer specializing in charting and data visualization solutions tailored for the capital markets. The company focuses on creating HTML5 financial charting tools that serve brokerages, individual traders, institutional trading desks, financial portals, and independent trading platforms. Its flagship product, ChartIQ, is a professional-grade financial visualization platform that enables clients to design responsive and interactive charting experiences for their end users. Additionally, Cosaic offers the Term Structure Graph, a real-time interactive chart for fixed income and derivatives markets. The company's technology is designed to integrate seamlessly across multiple devices and frameworks, enhancing user efficiency and allowing financial firms to connect third-party applications within their systems. Founded in 2012 and based in Charlottesville, Virginia, Cosaic was previously known as ChartIQ, Inc. until its name change in July 2020.

Symbiont.io, Inc. is a financial technology company that specializes in developing a smart contracts platform tailored for institutional applications of blockchain technology. Founded in 2013 and headquartered in New York City, with an additional office in Amsterdam, the company provides a comprehensive infrastructure for capital markets. This includes a unified ledger for sharing business logic and market data, as well as the Symbiont Assembly platform, which facilitates the issuance, tracking, and management of financial instruments such as loans, securities, and commodities. By enabling complex financial instruments to exist within a decentralized blockchain network, Symbiont aims to enhance transparency, reduce risk, and lower costs for financial institutions and government entities. The company has established partnerships with industry leaders, including Vanguard and the State of Delaware, to drive innovation and improve operational efficiency in the capital markets sector.

Access Fintech Limited is a fintech company that specializes in providing risk management services to banks and buy-side firms within the global financial services industry. Established in 2016 and headquartered in Tel Aviv-Yafo, Israel, the company has developed a platform that aggregates data from various internal systems, vendors, and outsourcers. This technology enables users to visualize the entire trade lifecycle and prioritize risks effectively. By offering a unified portal, Access Fintech allows financial institutions to analyze exceptions, understand associated risks, and adjust their priorities according to market conditions. The platform facilitates collaboration among teams by enabling the sharing of business exceptions and tracking usage patterns, while also connecting firms with fintech providers for software trials. Overall, Access Fintech enhances transparency and control within financial institutions, streamlining their operational models and improving risk management processes.

TransFICC Limited is a London-based e-trading technology company that specializes in providing low-latency connectivity solutions for the fixed income and derivatives markets. Founded in 2015, the company addresses the challenges of fragmentation in these markets by offering a unified application programming interface (API) that consolidates various execution venue APIs into a single point of access. This streamlined approach allows clients, including banks and asset managers, to connect once to TransFICC's API, simplifying the management of connectivity with electronic trading venues. The company's technology ensures timely data transmission, employing microsecond timestamping to facilitate an audit trail that supports best execution practices. By offering cloud-based hosting and scalable solutions, TransFICC enables its clients to adapt quickly to changes in trading venues, thereby enhancing their trading efficiency and competitiveness.

CurveGlobal Markets is the brand name of the London Stock Exchange derivatives market.

TradeIT is a New York-based startup focused on enhancing the trading experience for investors through its innovative online trading integration platform. The company aims to empower consumers to become more engaged investors by allowing them to place orders seamlessly with their existing online brokerage accounts from any website or mobile device. TradeIT's technology, developed by a team of financial technology experts, is designed to be easily integrated into various applications, websites, and advertising units, providing a multi-broker experience in the trading ecosystem. The platform prioritizes security and compliance, ensuring that online traders can execute transactions safely and efficiently. With its patent-pending technology, TradeIT is positioned to transform how users interact with their trading activities.

Symphony Communication Services, LLC is a secure collaboration platform that facilitates effective and compliant communication for traders and portfolio managers in the financial and insurance sectors. By consolidating digital communication tools such as messaging, screen sharing, and audio/video conferencing into a single platform, Symphony enhances productivity while ensuring adherence to data security and regulatory compliance requirements. The platform supports various functions including internal and external team communication, document sharing, and integration of applications and bots. Founded in 2012 and based in Palo Alto, California, Symphony has expanded its presence with offices in major financial hubs including New York, London, Hong Kong, Singapore, Stockholm, Paris, and Tokyo. The company was formerly known as Perzo Inc. and rebranded in 2014. Symphony operates as a subsidiary of The Goldman Sachs Group, Inc.

TradeIT is a New York-based startup focused on enhancing the trading experience for investors through its innovative online trading integration platform. The company aims to empower consumers to become more engaged investors by allowing them to place orders seamlessly with their existing online brokerage accounts from any website or mobile device. TradeIT's technology, developed by a team of financial technology experts, is designed to be easily integrated into various applications, websites, and advertising units, providing a multi-broker experience in the trading ecosystem. The platform prioritizes security and compliance, ensuring that online traders can execute transactions safely and efficiently. With its patent-pending technology, TradeIT is positioned to transform how users interact with their trading activities.

M-DAQ Pte Ltd is an innovative company that specializes in providing a platform for cross-border transactions, enabling users to price and trade exchange-traded products in multiple currencies. Founded by industry veterans with extensive experience in foreign exchange and securities, M-DAQ blends executable foreign exchange rates into equities and futures products. This unique solution allows traders and security exchanges to operate in a multi-currency environment without requiring significant changes to their existing systems and back-end processes. M-DAQ maintains key relationships with national exchanges and global foreign exchange banks and handles the consultancy work necessary for exchanges to utilize its solution. Additionally, partner exchanges can earn revenue through a share of the net foreign exchange margins generated by the platform, all while operating within their respective regulatory frameworks.

InvestLab is a financial services technology company established in 2010, focusing on the global investing market. The company offers a customizable trading platform known as MIX, delivered through a software as a service model, specifically designed for retail brokerages. This platform empowers brokers to access a wide range of global markets, facilitating trades in equities, options, and commodities. In addition to trading capabilities, InvestLab provides an investing website that incorporates sentiment analysis to evaluate and rank individual stocks. The company's services are tailored to meet the needs of individual investors and small to mid-sized brokers, ensuring they can effectively navigate the complexities of the financial landscape.

Automated Trading Desk, LLC specializes in developing automated trading systems for trading companies, buy-side and sell-side firms, and financial institutions. Founded in 1988 and based in Mount Pleasant, South Carolina, the company provides various automated trading solutions, including AUTO, which prioritizes customer trades, and AUTO-PILOT, designed to execute large orders while minimizing market impact. Additionally, it offers services for executing trades on pink sheets and bulletin boards. Automated Trading Desk focuses on trading-technology development, providing systems to analyze markets, facilitate trade settlement, and manage risk. As of October 2007, it operates as a subsidiary of Automated Trading Desk Holdings, Inc., which is itself a subsidiary of Citigroup, Inc.

Cboe Global Markets is a leading global exchange holding company, offering advanced trading, clearing, and investment solutions across multiple asset classes, including equities, derivatives, foreign exchange, and digital assets. With a presence in North America, Europe, and Asia Pacific, the company operates several exchanges and markets, such as the BZX and BYX equities exchanges, and the Bats BZX and Bats EDGX options markets. Cboe is committed to fostering a trusted, inclusive global marketplace and providing innovative products, technology, and data solutions to empower market participants worldwide.

The National Stock Exchange of India Limited (NSE) is a leading electronic stock exchange headquartered in Mumbai, established in 1992. It is recognized for its automated screen-based trading system, which ensures transparency, speed, and efficiency in the Indian securities market. NSE provides a wide range of services, including exchange listings, trading, clearing, and settlement, along with indices and market data feeds. The exchange plays a significant role in the development of the capital market landscape in India by promoting investor protection and implementing innovative practices such as dematerialization, electronic transfer of securities, and professionalization of trading members. NSE has also adopted advanced information technology to enhance its trading mechanisms and risk management systems, thereby contributing to the overall integrity and functionality of the market. Through its diverse offerings, NSE aims to meet the trading and investment needs of its users while fostering a robust financial environment.

Lava Trading specializes in developing trading software solutions tailored for the financial services industry, focusing on equities, derivatives, and foreign exchange. The company serves a diverse clientele that includes broker/dealers, market makers, hedge funds, and institutional investors. Its product offerings include advanced trading systems such as Lava ColorBook, which consolidates order books from various electronic communication networks, exchanges, and liquidity sources; Lava Trading Floor, a comprehensive front-end workstation for traders; and Lava ColorMaker, an application designed for market making in the art sector. Founded in 1999 by Richard Korhammer, Lava Trading is headquartered in South Carolina.

MeetChina.com, Inc. operates a business-to-business e-commerce portal based in Shenzhen, China, established in 1998. The platform facilitates direct purchasing of a wide variety of products produced in China, catering to procurement agents, retail chain purchasers, and overseas buyers. Its extensive product range includes clothing, food, health supplies, electronics, toys, gifts, vehicles, office products, and computers. By providing an online database of Chinese suppliers, MeetChina.com enables international businesses to efficiently source and procure goods, ensuring a diverse selection and streamlined access to the Chinese market. The company functions as a subsidiary of Meet World Trade.

Supra is a fintech company that specializes in providing cross-border payment and treasury solutions for businesses engaged in international trade. Its platform caters to companies of all sizes, enabling seamless transactions in multiple currencies. By offering services that facilitate foreign exchange and manage international treasury operations, Supra supports small and medium-sized businesses in navigating the complexities of global commerce. The company's focus on streamlined payment processes allows its clients to efficiently pay or receive payments across borders, enhancing their ability to operate in a competitive international market.

Supra is a fintech company that specializes in providing cross-border payment and treasury solutions for businesses engaged in international trade. Its platform caters to companies of all sizes, enabling seamless transactions in multiple currencies. By offering services that facilitate foreign exchange and manage international treasury operations, Supra supports small and medium-sized businesses in navigating the complexities of global commerce. The company's focus on streamlined payment processes allows its clients to efficiently pay or receive payments across borders, enhancing their ability to operate in a competitive international market.