What B2BITS does

B2BITS is a US-headquartered, EPAM Systems-owned provider of FIX (Financial Information eXchange) protocol solutions serving capital markets institutions globally. The company has operated in trading connectivity for over 20 years and reports a base of 300+ clients across buy-side firms, sell-side institutions, exchanges, alternative trading systems, clearing houses, and broker dealers. Its product portfolio centers on FIXEdge, an application server for end-to-end FIX connectivity; FIX Antenna, a multiplatform FIX engine library claiming sub-20µs latency; FIXTCap, a trade capture server compatible with CME STP FIX and ICE FIXTC formats; and supporting modules including exchange gateways, feed handlers, market data normalization, and a FIX Client Simulator for protocol testing. The architecture spans on-premises, cloud (Microsoft Azure Marketplace, Google Cloud), and managed deployment models, with integrations certified against major venues (CME iLink, CME MDP 3.0, Nasdaq ITCH/OUCH, ICE).

The company's revenue model rests on three streams: software licensing for FIX engine libraries and application servers, recurring support and maintenance contracts (24×7 with L1–L3 coverage), and professional services for integration, consulting, and managed services across pre-trade, trade, and post-trade workflows. Go-to-market is direct enterprise sales supported by case-study-driven content marketing and cloud marketplace listings, targeting institutions that need certified, low-latency connectivity to a broad set of global trading venues. Named customers include the world's 12th largest oil company (commodity trading), Dash Financial Technologies, IEX, Lucera Financial Infrastructures, Neptune Networks (a banking consortium), a multi-asset clearing house, and one of the largest cryptocurrency exchanges — evidence of cross-vertical reach spanning traditional and digital asset trading.

Strategically, B2BITS is pursuing platform expansion rather than scale-up: in 2026 alone it has released a major FIXEdge version (7.1.0) with HA and OAuth2, introduced Rust language support, added Nasdaq Direct Access, launched on Azure and Google Cloud marketplaces, and introduced Agent Skills for AI-assisted development. As a wholly-owned subsidiary of EPAM Systems (NYSE: EPAM), B2BITS benefits from corporate engineering scale but its financials are not separately disclosed; pricing is not public and revenue figures are not available. The operating model is a specialist product business embedded within a large IT services parent, with go-to-market focused on regulated financial institutions requiring certified, mission-critical connectivity rather than on SMB or retail segments.

Name

B2BITS

Legal name

B2BITS (subsidiary of EPAM Systems)

Website

https://b2bits.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

B2BITS, an EPAM Systems subsidiary, provides FIX protocol application servers, ultra-low-latency FIX engines, trade capture solutions, and cloud-deployed trading connectivity for over 300 capital markets institutions worldwide, including exchanges, clearing houses, broker dealers, and buy- and sell-side firms.

Ownership category

akta.pro rank

Product category

Capital Markets Trading Connectivity Software

NAICS

Securities and Commodity Exchanges (523210)

SIC

Services-Computer Programming Services (7371)

akta.pro primary industry

Fixed Income Electronic Trading Platforms (Bonds/Credit) (FSAFANAB)

Keywords

• FIX protocol solutions
• Capital markets connectivity
• Low-latency trading engines
• Exchange gateway software
• Trade capture solutions

Headquarters

HQ city

Moonachie

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Licensing: Licensing of FIX engine libraries, application servers, and trading connectivity software to financial institutions.
2. Support and Maintenance: 24×7 enterprise support services with L1-L3 coverage, including extended support and managed services packages.
3. Professional Services: End-to-end integration and consulting services covering pre-trade, trade, and post-trade workflows.

Distribution channels4 records

Marketing channels3 records

Core offering

B2BITS develops and licenses FIX (Financial Information eXchange) protocol-based trading connectivity software for capital markets institutions. Its core offerings include the FIXEdge application server, FIX Antenna ultra-low latency FIX engines, FIX Trade Capture (FIXTCap), normalized market data solutions, and the FIX Client Simulator, sold alongside professional integration and consulting services.

Product overview

B2BITS provides a unified platform for mission-critical FIX (Financial Information eXchange) protocol connectivity in the financial services industry. The core product portfolio centers on FIXEdge (the primary application server), FIX Antenna (the ultra-low latency FIX engine with sub-20µs latency), Market Data solutions for normalized exchange feeds, and FIX Trade Capture (FIXTCap) for real-time trade reporting. Supporting modules include Exchange Gateways for venue connectivity, Feed Handlers for market data processing, and FIX Client Simulator for protocol testing. All products share a common FIX protocol foundation and can be deployed on-premises, on cloud infrastructure (Azure, Google Cloud), or as managed services, with 24x7 global support coverage.

Differentiator

Problem solved

Functional benefit

Brands

• FIXEdge: Advanced FIX application server delivering seamless connectivity for buy- and sell-side institutions, exchanges, and clearing houses.
• FIX Antenna
• FIX Trade Capture Solution (FIXTCap)
• FIX Client Simulator
• FIXopaedia
• Performance Lab

Products and services

• FIXEdge Advanced FIX application server delivering seamless connectivity for buy-side and sell-side institutions, exchanges, and clearing houses. Provides end-to-end integration and managed services for pre-trade, trade, and post-trade workflows.
• FIX Antenna Ultra-low latency multiplatform FIX engines pre-configured for multiple destinations, with sub-20µs latency for trading connectivity.
• Market Data Solutions

Quantifiable outcome

• Sub-20µs latency for FIX Antenna engines
• +2 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature8 records

Partnerships

Six partnerships are on record, tiered core and key.

• Microsoft AzurecoreTechnology or IntegrationFIXEdge Server is available on Microsoft Azure Marketplace, enabling financial institutions to deploy B2BITS trading solutions directly in the Azure cloud environment.
• Google CloudcoreTechnology or IntegrationFIXTCap has been certified for CME STP FIX on Google Cloud, providing cloud-native trade capture capabilities for financial institutions running on GCP infrastructure.
• CME GroupcoreTechnology or IntegrationB2BITS provides certified connectivity solutions for CME iLink Order Entry and CME MDP 3.0 market data feeds, with ongoing support and format updates.
• NasdaqcoreTechnology or IntegrationB2BITS offers Direct Access low-latency ITCH/OUCH integration for Nasdaq markets, enabling direct market connectivity.
• ICE (Intercontinental Exchange)coreTechnology or IntegrationB2BITS provides FIX Trade Capture solutions with support for ICE venues, including upcoming ICE FIXTC format changes.
• ETRADING SOFTWARE LTDkeyStrategic or Co-development PartnerETRADING SOFTWARE manages Neptune Networks platform, a consortium of world-known banks, built on B2BITS FIXEdge technology.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Others

• Solace (Pubsub+): Solace provides an event-mesh and messaging middleware used by capital markets firms for low-latency distribution of market data and trade events. It is adjacent to B2BITS, addressing the same mission-critical trading infrastructure layer with a more general-purpose event-bus model that can replace or complement FIX gateways.
• Confluent (Apache Kafka for capital markets): Confluent provides a managed data streaming platform (Kafka) increasingly used by capital markets firms for market data distribution, trade event flow, and pre-trade analytics. It is a thematic competitor/adjacent technology to B2BITS's market data and trade capture solutions as firms modernize away from legacy FIX-based architectures.

Direct peers

• Options Technology (Options IT): Options Technology provides managed infrastructure, connectivity, and market data solutions for capital markets, including FIX connectivity and exchange gateways for buy- and sell-side institutions. It is the most direct competitor to B2BITS in FIX engine and trading connectivity software.
• IPC Systems: IPC Systems provides low-latency communications, trading turret, and infrastructure solutions to financial market participants, including managed connectivity to exchanges. It is comparable to B2BITS in serving mission-critical trading infrastructure needs for the same buy- and sell-side customer base.
• Exactpro Systems: Exactpro provides functional and performance testing services for trading systems, including FIX protocol testing, exchange connectivity validation, and trade surveillance. It overlaps with B2BITS's Performance Lab and FIX Client Simulator offerings.
• Rapid Addition: Rapid Addition builds FIX engine and trading infrastructure software for banks, brokers, and exchanges, with a focus on low-latency FIX messaging. It competes head-on with B2BITS's FIX Antenna and FIXEdge products.
• Adaptive Financial Consulting: Adaptive Financial Consulting provides FIX protocol consulting, integration, and managed services to capital markets firms, with deep specialization in FIX connectivity. It overlaps with B2BITS's professional services and FIX integration offerings for similar client profiles.
• Genesis Global Technology: Genesis Global builds cloud-native, low-code application platforms for capital markets firms, including FIX connectivity, post-trade processing, and market data workflows. It is comparable to B2BITS in target customers (buy/sell-side, exchanges) and core FIX integration functionality, but emphasizes a newer cloud-native architecture.

Broad incumbents

• Broadridge Trading and Connectivity Solutions (formerly Itiviti): Broadridge acquired Itiviti (which itself absorbed CameronTec, a pioneer in FIX engine technology) and now offers a broad portfolio of FIX, order routing, and connectivity solutions to capital markets firms. It is a much larger incumbent competing with B2BITS across FIX engines, gateways, and managed services.

Emerging players

• TransFICC: TransFICC provides a low-latency API platform that sits between buy-side firms and multiple trading venues in fixed income and derivatives, positioned as a modern alternative to traditional FIX connectivity. It competes with B2BITS at the buyer-trading venue integration layer with a more API-first approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/B2BITS

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

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 B2BITS