InfoReach

What InfoReach does

InfoReach, Inc. is a Chicago-based, privately held provider of multi-asset electronic trading technology founded in 1995, serving institutional investors including hedge funds, asset managers, pension funds, and broker-dealers across North America, Europe, Latin America, and other global markets. The company's flagship product is InfoReach TMS, an independent, broker-neutral Order and Execution Management System (OEMS) for equities, options, futures, forex, and fixed income, configurable to client workflows without added development cost. The product portfolio is built on a deep FIX protocol stack — Smart FIXGate, FIX Engine, and the InfoReach FIX Network (IFN) — supplemented by HiFREQ Strategy Server for high-frequency and algorithmic trading, Auto-Q for ETF and fixed-income RFQ automation, and a Brokereach.com free web-based multi-broker portal. Security Master and Bloomberg mapping products cover reference data for equities, futures, corporate, government, and US municipal bonds, with global connectivity to 140+ brokers, ECNs, MTFs, exchanges, ATSs, and dark pools.

InfoReach generates revenue primarily through enterprise software licensing of TMS and related trading technology on a recurring basis, supplemented by professional services for implementation, configuration, customization, and technical support. The company runs a consultative, quote-based enterprise field-sales motion targeting institutional desks, with custom configurations and high-touch engineering support as core differentiators, and uses the free Brokereach.com tier as a self-serve lead-generation channel. The company operates from offices in Chicago (headquarters), New York, Amsterdam, Sao Paulo, and Wroclaw (engineering), and is founder/management-owned with only one disclosed funding round of approximately $5.3M in 2014, indicating long-term organic, self-funded growth. Recent strategic activity has centered on ecosystem partnerships (Quantitative Brokers, LightPoint, QuantHouse, DTCC CTM), geographic expansion into Latin America via MexDer, and product extensions such as Auto-Q in November 2023.

Name

InfoReach

Legal name

InfoReach, Inc.

Website

https://inforeachinc.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Short description

InfoReach is a privately held, Chicago-based provider of multi-asset electronic trading technology built around its independent, broker-neutral OEMS (InfoReach TMS) and FIX connectivity stack. It serves institutional investors including hedge funds, asset managers, pension funds, and broker-dealers globally via enterprise software licensing and professional services.

Ownership category

akta.pro rank

Product category

Multi-Asset Electronic Trading Technology (OEMS)

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Interdealer Bond Broker (IDB) Platforms (FSAFACAF)

Keywords

• Multi-asset trading technology
• Order execution management
• FIX protocol connectivity
• Electronic trading platform
• Institutional trading software

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Licensing: InfoReach generates revenue through software licensing of its TMS platform and related trading technology solutions to institutional clients including asset managers, hedge funds, pension funds, and broker dealers.
2. Professional Services: Implementation, configuration, customization, and technical support services for enterprise clients deploying InfoReach trading platforms.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

InfoReach develops and sells an independent, broker-neutral multi-asset electronic trading platform (InfoReach TMS) for institutional investors. The company provides a customizable Order and Execution Management System (OEMS) supporting equities, futures, options, forex, and fixed income, along with FIX protocol connectivity solutions, RFQ automation (Auto-Q), high-frequency strategy servers, and security master reference data. The company also offers Brokereach.com, a free web-based multi-broker trading portal.

Product overview

InfoReach provides a comprehensive multi-asset electronic trading technology platform with a portfolio of integrated products serving both buy-side (hedge funds, asset managers, pension funds) and sell-side (broker-dealers) institutional investors. The core offering is InfoReach TMS - an independent, broker-neutral Order and Execution Management System (OEMS) that provides customizable tools, global market connectivity, and execution capabilities. The product suite includes Brokereach.com (free web-based multi-broker trading), FIX connectivity solutions (Smart FIXGate, FIX Engine, IFN managed network), strategy trading tools (Auto-Q for RFQ automation, HiFREQ Strategy Server for HFT), and security master data products covering equities, futures, and fixed income (corporate bonds, government bonds, municipal bonds). Additionally, mapping services (Bloomberg Exchange Codes, Security Master Mapping) and FIX Dictionary documentation support the trading workflow.

Differentiator

Problem solved

Functional benefit

Brands

• InfoReach TMS: Trade Management System - customizable OEMS for buy and sell-sides
• Brokereach
• Smart FIXGate
• FIX Engine
• IFN
• Auto-Q
• HiFREQ Strategy Server

Products and services

• InfoReach TMS (Trade Management System) Independent, broker-neutral customizable Order and Execution Management System (OEMS) for equities, options, futures, forex, and fixed income, providing essential tools, technologies, global market connectivity, and execution capabilities for both buy-side and sell-side institutional investors.
• Brokereach.com Free web-based multi-broker trading platform offering electronic and automated trading across multiple asset classes including equities, options, futures, forex, and fixed income, used as a self-serve lead-generation tool.
• Smart FIXGate
• FIX Engine Financial information exchange (FIX) protocol engine - a turnkey solution that fits into any trading infrastructure for electronic financial data exchange.
• IFN (InfoReach FIX Network) Managed FIX connectivity network providing global FIX protocol routing and connectivity services for institutional trading clients.
• Auto-Q ETF and FX RFQ automation solution for sell-side brokers that reduces manual processes, delivers millisecond response times to client RFQs, automatically queries multiple quote providers for best quote selection, and supports multi-leg instruments.
• HiFREQ Strategy Server High-speed, high-throughput installation engine for high-frequency trading (HFT) and strategy automation, including backtesting and scenario testing capabilities for institutional algorithmic trading.
• Equities Security Master Security master data solution for equities providing comprehensive reference data management for equity instruments.
• Futures Security Master Security master data solution for futures providing comprehensive reference data management for futures instruments.
• Corporate Bonds Security Master Security master data solution for corporate bonds providing comprehensive reference data management for corporate bond instruments.
• Government Bonds Security Master Security master data solution for government bonds providing comprehensive reference data management for government bond instruments.
• US Municipal Bonds Security Master Security master data solution for US municipal bonds providing comprehensive reference data management for municipal bond instruments.
• Bloomberg Exchange Codes Mapping Mapping service that provides Bloomberg exchange codes mapping for instrument identification across different data providers.
• Security Master Mapping Bulk instruments lookup service for security master data mapping across multiple identifiers and data sources.
• FIX Dictionary FIX protocol dictionary providing reference documentation for the Financial Information Exchange protocol standard.

Quantifiable outcome

• 30% reduction in annual costs of 3rd party execution and order management technology
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature10 records

Partnerships

Five partnerships are on record, tiered core and strategic.

• Quantitative BrokerscoreTechnology or Integration · 22 July 2023Integration of QB's Striker options execution algorithm into InfoReach TMS. The integration allows InfoReach TMS traders to access QB's options on futures execution algorithm, providing pre-trade market transparency, price discovery, and execution precision. QB and InfoReach designed and implemented an integration protocol making all Striker functionality available, from synthetic market data feed to multi-leg order execution.
• MexDer (Mexican Derivatives Exchange)coreTechnology or Integration · 26 October 2022InfoReach provides market data and execution connectivity for MexDer, the derivatives exchange for Mexican financial benchmarks and subsidiary of Bolsa Mexicana de Valores (BMV). This integration enables MexDer to access new markets and clients with international standards. All MexDer listed derivatives are CCP cleared by ASIGNA clearinghouse.
• LightPoint Financial TechnologystrategicTechnology or Integration · 14 July 2021Partnership to provide integrated front-to-back workflow within LightPoint's platform. The combined solution offers superior user experience for CFO, traders, portfolio managers, and middle-to-back-office professionals. Orders generated by portfolio managers can follow predefined routes with autonomous trading platform workflow managed from a single source of truth.
• DTCC CTMcoreTechnology or Integration · 30 December 2020InfoReach integration with DTCC CTM (Central Trade Matching) for post-trade processing and confirmation services.
• QuantHousestrategicStrategic or Co-development Partner · 1 December 2020Partnership to provide a global multi-asset managed trading solution combining InfoReach's trading platform with QuantHouse's data and analytics capabilities.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• TradingScreen: TradingScreen provides an independent, broker-neutral order and execution management system used by institutional traders, mirroring InfoReach's value proposition and target buyer profile.
• FlexTrade Systems: FlexTrade is a long-standing independent multi-asset OEMS/EMS provider serving buy- and sell-side institutions, directly competing with InfoReach TMS across equities, options, futures, and FX.
• Eze Software (SS&C): Eze (now part of SS&C Eze) is a leading EMS/OMS platform for hedge funds and asset managers, competing head-to-head with InfoReach TMS on buy-side workflows and multi-broker routing.
• Horizon Software: Horizon Software provides multi-asset electronic trading platforms (options, futures, equities) for institutional and sell-side clients, with comparable OEMS functionality to InfoReach.
• Clearpool Group: Clearpool provides an independent EMS platform to institutional trading desks, directly comparable to InfoReach TMS in targeting hedge funds and asset managers with broker-neutral execution.

Broad incumbents

• Itiviti (Broadridge): Itiviti, owned by Broadridge, offers multi-asset trading and connectivity solutions to buy- and sell-side firms, overlapping with InfoReach's FIX connectivity and execution management offerings.
• Charles River Development (State Street): Charles River provides front-to-back investment management software including order management, competing with InfoReach in the buy-side institutional OMS/EMS market as part of a broader platform.
• Bloomberg EMSX: Bloomberg's EMSX is a deeply embedded execution management system sold to institutional clients as part of the Bloomberg Terminal, representing a dominant incumbent alternative to InfoReach TMS.

Emerging players

• Enfusion: Enfusion offers a cloud-native investment management platform with integrated OMS/EMS capabilities, targeting hedge funds and asset managers in the same buyer pool as InfoReach with a more modern tech stack.
• Exactpro (Raptor): Exactpro specializes in testing and QA for trading platforms, while related Raptor-like OMS/EMS offerings serve buy-side trading desks, representing adjacent and partial-overlap competition to InfoReach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/InfoReach
• YouTubeyoutube.com/inforeachinc
• Facebookfacebook.com/InfoReachInc
• LinkedInlinkedin.com/company/inforeach-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors

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 InfoReach