Vermiculus Financial Technology
Vermiculus Financial Technology builds cloud-native, microservice-based trading, clearing, and CSD platforms for exchanges, central counterparties, and central securities depositories worldwide, anchored by customers B3, OCC, CERC, and MIAX Futures.
- Company typePrivate
- Founded2020
- HeadquartersStockholm, Sweden
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Vermiculus Financial Technology does
Vermiculus Financial Technology AB is a privately held Swedish fintech founded in 2020 in Stockholm that builds cloud-native, microservice-based technology for the trading, clearing, and central securities depository (CSD) layers of financial market infrastructure. The company serves exchanges, central counterparties (CCPs), and CSDs globally, with disclosed customers including B3 (Brazil), The Options Clearing Corporation (US), CERC (Brazil), and MIAX Futures (US). Its product suite is anchored by the proprietary VeriPrimer platform and comprises VeriTrade (ultra-low latency matching engine, 18 microseconds deterministic latency at 50,000 TPS and up to 850,000 TPS), VeriClear (real-time multi-asset clearing), VeriSafe (scalable CSD system), and two add-on modules for CCP risk management and collateral management. Architecture is cloud-agnostic, supporting cloud, on-premises, or hybrid deployments, with no strategic alignment to any single hyperscaler.
The company operates a B2B enterprise model with direct field sales targeting FMI operators, multi-year subscription licensing for its platforms, and professional services for custom implementation and ongoing support. Pricing is quote-based with no public tiers, consistent with bespoke enterprise deployments. Vermiculus is employee majority-owned, with a strategic minority investment of USD 5.55 million from L4 Venture Builder (a fund created by B3) in March 2023. The company has completed over 75 projects and reported more than 70 deliveries in the past year across multiple markets and asset classes, and was recognized with Sweden's Di Gasell growth award in 2025 and the TradingTech Insight Award USA 2026 for Best Matching Engine.
Geographically, Vermiculus operates from headquarters in Stockholm and an engineering office in Umeå, delivering to customers across Europe (HQ market), Latin America (B3, CERC), and North America (OCC, MIAX Futures). Technical leadership and architects have prior experience delivering systems for major global exchanges including JPX, SGX, AMEX, SET, ASX, Turquoise, and HKEX, which underpins both sales credibility and delivery capacity in a market where institutional knowledge of FMI workflows is the primary barrier to entry.
Vermiculus Financial Technology firmographics
Firmographics- Name
- Vermiculus Financial Technology
- Legal name
- Vermiculus Financial Technology AB
- Website
- https://vermiculus.se
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Vermiculus Financial Technology builds cloud-native, microservice-based trading, clearing, and CSD platforms for exchanges, central counterparties, and central securities depositories worldwide, anchored by customers B3, OCC, CERC, and MIAX Futures.
- Ownership category
- akta.pro rank
Vermiculus Financial Technology industry classification
Industry- Product category
- Capital Markets Technology
- NAICS
- Securities and Commodity Exchanges (52321), Custom Computer Programming Services (541511)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Finance Services (6199)
- akta.pro primary industry
- Fixed Income Electronic Trading Platforms (Bonds/Credit) (FSAFANAB)
Keywords
Where Vermiculus Financial Technology is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices2 records
Markets served
Vermiculus Financial Technology business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Enterprise Software Licensing: Licensing of trading, clearing, and CSD technology platforms to exchanges, clearinghouses, and CSDs worldwide. Custom implementations delivered by dedicated cross-functional teams on time and on budget.
- Professional Services: Implementation services, system integration, and ongoing support for enterprise clients. Agile delivery model with continuous deliveries and dedicated project teams.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise custom pricing based on scope and requirements |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Vermiculus Financial Technology product offering
Product offeringCore offering
Vermiculus Financial Technology builds cloud-native, microservice-based trading, clearing, and central securities depository (CSD) platforms for financial market infrastructure operators. Its product suite (VeriTrade, VeriClear, VeriSafe, plus CCP Risk Management and Collateral Management modules) is delivered as licensed enterprise software with professional implementation services, deployed on cloud, on-premises, or hybrid infrastructure for exchanges, central counterparties, and CSDs worldwide.
Product overview
Vermiculus Financial Technology offers a modular platform-plus-products architecture built on the VeriPrimer foundational platform. The product portfolio consists of four core products: VeriTrade (ultra-low latency trading platform for exchanges and marketplaces), VeriClear (real-time multi-asset clearing system), VeriSafe (scalable CSD system for securities depository operations), and two specialized add-on modules: CCP Risk Management System (for central counterparty risk calculations and margin management) and Collateral Management System (for real-time collateral tracking and optimization). All products leverage microservice architecture, AI-driven processing, and cloud-native deployment flexibility, enabling them to be deployed independently or combined as an integrated suite for exchanges, clearing houses, and CSDs.
Differentiator
Problem solved
Functional benefit
Products and services
- VeriTrade Trading Platform Ultra-low latency trading platform for exchanges and electronic trading venues, providing deterministic order matching, elastic scalability, and 24/7 operations across all asset classes and trading models. Delivers 18 microseconds latency at 50,000 transactions per second and throughput up to 850,000 transactions per second.
- VeriClear Clearing System Adaptive, multi-asset real-time clearing platform built on microservices, providing low-latency trade capture, real-time risk management, and flexible settlement options. Enables efficient handling of complex financial transactions and integrates with diverse systems through agnostic interface technology.
- VeriSafe CSD System Scalable central securities depository (CSD) system designed for exceptionally high transaction volumes across all known asset classes, with advanced corporate action functionality including settlement, IPOs, ETFs, and fractional shares. Delivers high efficiency, reliability, resilience, and future-proof operations through microservice architecture.
- CCP Risk Management System Tailored risk management solution for central counterparties (CCPs), designed to handle increased regulatory and market requirements. Features multiple risk models, comprehensive VAR calculations, scenario-based simulation, and full integration of collateral and risk.
- Collateral Management System Real-time collateral management system giving clearing houses full control of their collateral. Tracks and manages assets across systems, jurisdictions, and asset classes with complete transparency, and is built on modern microservices with digital asset representation for fast, scalable, and seamlessly integrated collateral flows.
Quantifiable outcome
- 18 microseconds deterministic latency at 50,000 TPS
- +4 more outcomes
Companies that use Vermiculus Financial Technology
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Vermiculus Financial Technology technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Vermiculus Financial Technology partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- TrueseccorePartnership with Truesec, a leading cybersecurity provider, to enhance Vermiculus' cybersecurity resilience. Collaboration aims to ensure IT solutions meet international standards and provide enhanced security for financial markets services.
- GreySpark PartnerscoreCollaborative partnership to publish insight report on unlocking efficiency in collateral management through tokenization. Combined Vermiculus' technology expertise with GreySpark's industry insight to examine challenges and opportunities in post-trade operations.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Vermiculus Financial Technology competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key risks3 records
Key highlights6 records
Customer concentration
Vermiculus Financial Technology social profiles
Digital presenceVermiculus Financial Technology financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vermiculus Financial Technology leadership team
Management profileNumber of profiles
Profiles5 records
Vermiculus Financial Technology funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vermiculus Financial Technology M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vermiculus Financial Technology
What does Vermiculus Financial Technology do?
Vermiculus Financial Technology builds cloud-native, microservice-based trading, clearing, and central securities depository (CSD) platforms for financial market infrastructure operators. Its product suite (VeriTrade, VeriClear, VeriSafe, plus CCP Risk Management and Collateral Management modules) is delivered as licensed enterprise software with professional implementation services, deployed on cloud, on-premises, or hybrid infrastructure for exchanges, central counterparties, and CSDs worldwide.
Is Vermiculus Financial Technology a public or private company?
Vermiculus Financial Technology is a private company. It is classified as management employee owned and is currently operating.
When was Vermiculus Financial Technology founded?
Vermiculus Financial Technology was founded in 2020. It employs 51 to 100 people.
Where is Vermiculus Financial Technology based?
Vermiculus Financial Technology is headquartered in Stockholm, Sweden, in the Europe region.
How does Vermiculus Financial Technology make money?
Two revenue lines are on record. Enterprise Software Licensing is the primary driver. The others are professional Services.
Does Vermiculus Financial Technology have an API?
No public API is recorded for Vermiculus Financial Technology.
What industry is Vermiculus Financial Technology in?
Vermiculus Financial Technology's product category is Capital Markets Technology. Its primary akta.pro industry code is FSAFANAB, Fixed Income Electronic Trading Platforms (Bonds/Credit). Its NAICS code is 52321 and its SIC code is 7370.