What FIA Tech does

FIA Tech is a derivatives market infrastructure provider founded in 2008 and headquartered in New York, with additional offices in London, Tampa, Washington D.C., Chicago, and Nashville supporting global 24/6 operations. The company builds vendor-interoperable, cloud-based systems that handle the post-trade lifecycle of exchange-traded derivatives (ETD), connecting all major derivative exchanges and processing approximately 80% of daily global brokerage transactions for over 8,000 market participants. Its core offerings include Trade Data Network (TDN) for real-time execution and clearing cost analytics, Atlantis for ETD brokerage settlement and reconciliation (with sub-products Blocks, eRecs, and US Listed Options), Docs for counterparty agreement processing under the Docs Adherence Agreement, Databank for position-limit and exchange-fee reference data, OCR for CFTC ownership-and-control reporting, GLR for give-in limit management, and the Accelerate client portal.

The platform is structured as a platform-plus-modules architecture with REST and FIX API access for select products. FIA Tech monetizes through a mix of recurring annual subscriptions and transaction fees: TDN subscriptions range from $12,000 to $420,000 per year based on volume tiers, Atlantis charges $0.015 per settled contract with annual caps and a $500,000 unlimited-settlement license, Docs levies $30 per agreement plus tiered storage fees, and Databank, OCR, and eRecs follow annual subscription tiers. Go-to-market is enterprise-direct sales targeting FCMs, executing brokers, introducing brokers, market makers, and buy-side firms, supported by an industry-advocacy positioning developed in collaboration with clearing houses and regulators.

FIA Tech is privately held, has raised approximately $70 million across disclosed rounds from a syndicate of major global banks (BofA, Barclays, Citi, Goldman Sachs, JPM, Morgan Stanley, UBS, Wells Fargo, BNP Paribas, Credit Suisse, ABN AMRO, and HSBC Ventures), and is led by President & CEO Nicholas Solinger with Alex Balleh as CFO. Recent operating signals include record ETD volumes settled in 2025, four product launches between September 2025 and June 2026 (covering cost analytics, IRS 871(m) tax data, fee management, and Nasdaq Custom Basket Derivatives), and the May 2026 appointment of Jonathan Carter as Chief Product Officer in a newly created global role.

Name

FIA Tech

Legal name

FIA Tech

Website

https://fia-tech.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

FIA Tech is a derivatives market infrastructure provider that operates cloud-based, vendor-interoperable platforms (Atlantis, Trade Data Network, Docs, Databank, OCR) connecting all major exchanges and processing 80% of daily global ETD brokerage transactions for 8,000+ market participants including FCMs, brokers, market makers, and buy-side firms.

Ownership category

akta.pro rank

Product category

Derivatives Market Infrastructure

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Institutional Multi-Asset Trading Platforms (OTC/RFQ) (FSAFAEAB)

akta.pro secondary industries

Regulatory Reporting Hubs & Aggregators (Multi-Regime/Multi-Asset) (FSAFAJAF), OTC Derivatives Trade Repositories (Swaps/Derivatives Reporting) (FSAFAJAA), Execution Algorithms & Transaction Cost Analytics (TCA) (FSADAJAI), OTC Derivatives Execution Platforms (SEF/OTF/Swap Execution) (FSAFANAE)

Keywords

• Derivatives market infrastructure
• Brokerage processing software
• Exchange traded derivatives
• Post-trade processing
• Regulatory reporting platform

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Trade Data Network Subscription: Annual subscription fees for Sell Side Clearing & Executing Firms based on volume tiers (Small, Medium, Large, X Large) ranging from $12,000 to $420,000 per year, with additional per-contract overage fees.
2. Atlantis ETD Settlement: Per-contract settlement fees at $0.015 per billable contract, with annual settlement caps ($250,000 for clearing, $275,000 for executing). Subscription license available for $500,000 for unlimited settlement.
3. Docs Documentation: Per-agreement fees at $30 per agreement, with storage fees ranging from $200 to $12,250 per quarter based on volume tiers. Additional fees for non-STP agreements, GUSA, and CLSA.
4. eRecs Reconciliation: Annual subscription fees ranging from $36,000 to $100,000 depending on service tier (Accounts Receivable only, Accounts Payable only, or Full Service).
5. OCR Regulatory Reporting: Annual subscription fees based on firm tier: FCM-Large at $57,750, FCM-Basic at $36,750, Swap Dealer Only at $31,500.
6. Databank Reference Data: Annual subscription fees for various reference data services including Position Limits Databank ($42,000), Exchange Fees Databank ($29,500), Corporate Actions ($36,750), and various 871(m) tax services ($50,000-$150,000).

Pricing tiers

Distribution channels1 record

Marketing channels4 records

Core offering

FIA Tech provides cloud-based, vendor-interoperable software platforms for the Exchange Traded Derivatives (ETD) market, covering brokerage processing, documentation management, reference data services, regulatory reporting, and execution and clearing cost analytics. Its platforms connect exchanges, brokers, clearers, and clients, processing 80% of daily global brokerage transactions and serving over 8,000 market participants.

Product overview

FIA Tech is a derivatives market infrastructure provider offering a platform-plus-modules architecture. The core offerings include: Trade Data Network (for real-time execution and clearing cost analytics), Databank Network (for reference data), Atlantis (brokerage processing with sub-products Blocks, eRecs, and US Listed Options), Docs (documentation management), OCR (regulatory reporting), Fees and Commissions (cost management), and GLR (give-in limit repository). The platform is vendor-interoperable, cloud-based, and connects all major exchanges processing 80% of daily global brokerage transactions, serving over 8,000 market participants including buyside firms, FCMs, introducing brokers, and market makers.

Differentiator

Problem solved

Functional benefit

Brands

• Trade Data Network (TDN): A data network providing real-time execution and clearing cost analytics for global derivatives trading
• Atlantis
• Docs
• OCR
• Databank
• Fees and Commissions
• GLR
• eRecs
• FCR
• XCA
• Accelerate

Products and services

• Trade Data Network Network providing real-time execution and clearing cost analytics (XCA) for global derivatives trading, enabling clients to identify, reconcile, and manage trading and clearing expenses. Serves sell side clearing and executing firms with volume-tiered annual subscriptions.
• Atlantis Brokerage processing platform for managing the entire payables and receivables lifecycle, connecting exchanges, brokers, clearers, and clients for end-to-end management of brokerage relationships, payments, settlement, and reconciliation. Includes sub-products Blocks, eRecs, and US Listed Options.
• Docs Platform for streamlining and processing agreements and contracts, enabling users to cut costs, free up staff time, improve workflow processes for establishing trading relationships, and enhance security and data protection. Includes per-agreement fees and quarterly storage tiers.
• Databank Reference and trade data service providing accurate, readily accessible data on position limits and exchange fees across global products and markets, simplifying compliance with regulatory requirements like MiFID II position limit rules.
• OCR (Owner Controller Repository) Secure, reliable web-based system enabling futures market participants to capture and store client data needed for ownership and control reports to the CFTC. Priced on tiered annual subscriptions based on firm size.
• Fees and Commissions Platform incorporating golden source brokerage and clearing commissions, global exchange fee datasets, analysis tools, and cost calculation engines. Includes Execution Cost Analysis (XCA) and Fees & Commissions Repository (FCR) components.
• GLR (Give-in-Limit Repository) Repository service for managing give-in and limit management in exchange traded derivatives, with REST and FIX API access for executing and clearing brokers.
• Databank Network Network providing reference data services across compliance, exchange fees, cash and collateral, corporate actions, pricing, entity reference data, tax withholding calculations, and contract specifications.
• Accelerate Client portal platform providing access to all FIA Tech services including brokerage processing, documentation, and reference data.
• Nasdaq Custom Basket Derivatives Transparency Enhancement Enhancement delivering transparency and pre-trade confidence capabilities for Nasdaq Custom Basket Derivatives trading.

Quantifiable outcome

• Processes 80% of daily global brokerage transactions
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• Clearing and Trading CommunitycoreStrategic or Co-development PartnerFIA Tech collaborates with the clearing and trading community, as well as clients and regulators, to deliver targeted advocacy and technological innovations that drive greater market efficiencies. Every service is designed to benefit all market participants.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• DTCC: The dominant US post-trade market infrastructure operator (through FICC, NSCC, and DTCC Solutions) provides clearing, settlement, and reference data services for fixed income, equities, and derivatives. Most directly comparable to FIA Tech in role as a shared, industry-owned derivatives post-trade utility.

Broad incumbents

• CME Group (AcadiaSoft): Through AcadiaSoft (acquired 2023), CME operates margin, collateral, and regulatory messaging infrastructure for OTC and ETD derivatives — overlapping FIA Tech's Atlantis, GLR, and OCR functions from an exchange-side vantage, with greater captive scale.
• S&P Global Market Intelligence (IHS Markit): Operates large reference data, pricing, and post-trade analytics franchises (formerly IHS Markit) that compete with FIA Tech's Databank Network and TDN analytics, particularly in tax (871(m)-adjacent), corporate actions, and position limits.
• Bloomberg: Provides exchange-fee, position-limit, and execution-cost reference data via the Bloomberg Terminal and Data License, partially overlapping with Databank and TDN XCA; embedded into nearly every FIA Tech customer's workflow.
• LSEG (Refinitiv): Through Refinitiv (formerly Thomson Reuters) and post-trade services, LSEG delivers reference data, regulatory reporting, and trading analytics overlapping Databank, OCR, and TDN, with strong reach into European ETD clearing.
• Clearstream (Deutsche Börse): Post-trade infrastructure provider for securities and derivatives with proprietary settlement, reporting, and data services — comparable to FIA Tech's Atlantis and Databank offerings but focused on European listed and OTC markets.
• Euroclear: International central securities depository providing settlement, safekeeping, and reporting infrastructure for cross-border securities and derivatives — comparable to FIA Tech as a multi-jurisdiction post-trade utility with bank-shareholder ownership.

Emerging players

• SteelEye: Compliance and regulatory reporting platform purpose-built for financial markets firms — competes with FIA Tech's OCR and Docs modules for regulatory workflow automation, especially in MiFID II and transaction reporting.
• Cappitech: Specialist regulatory reporting technology for derivatives, MiFID II, and EMIR — directly overlaps FIA Tech's OCR and Databank compliance offerings for the same buy-side and sell-side clients.
• Clarus Financial Technology: Reference data and analytics provider focused on listed derivatives (SDX — Swaps Data Exchange) — overlaps with FIA Tech's Databank and TDN products in position limits, exchange fees, and SDV-style data for ETD.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xinstagram.com/fiatech
• LinkedInlinkedin.com/company/fia-tech

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds3 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FIA Tech