Baymarkets AB
Baymarkets AB is a Nordic clearing technology vendor developing Clara, a multi-asset multi-currency clearing platform for central counterparties, exchanges, and trading venues. Acquired by SIX Group in November 2025, the firm serves European CCPs with regulatory-compliant real-time risk, margin, and settlement technology.
- Company typePrivate
- Founded2007
- HeadquartersStockholm, Sweden
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Baymarkets AB does
Baymarkets is a Nordic financial technology vendor specializing in clearing technology for central counterparties (CCPs), exchanges, and financial market infrastructure providers. Founded in 2007 by Peter Fredriksson, the company operates from Oslo, Norway with a secondary office in Stockholm, Sweden, and was acquired by Swiss-based SIX Group in November 2025, becoming a wholly-owned subsidiary. The company maintains a small specialist team of 11-50 employees focused on its single core product, the Clara Clearing System.
Clara is a full-service, multi-asset, multi-currency clearing platform supporting commodities, financial markets, digital assets, and both spot and derivative products. The platform features a proprietary Value at Risk (VaR) model using Monte Carlo simulations that analyzes cleared and collateral positions jointly for portfolio-level risk calculation, daily stress testing with configurable scenarios, a flexible account model supporting segregated, non-segregated, omnibus, net, and gross accounts, and standardized APIs (ISO 15022/20022, FIX/FIXML) for integration with marketplaces, banks, CSDs, and clients. Clara is delivered as Docker containers deployable on Kubernetes, either on-premise or in the cloud, and is compliant with IOSCO Principles for Financial Market Infrastructures (PFMI), with deployments approved by major competent authorities.
The company generates revenue through enterprise software licensing of Clara (subscription/recurring model) and professional services for implementation, consulting, and operational support. Its go-to-market is consultative direct enterprise sales with a quote-based pricing model. Named customers include SIX x-clear (which clears for Oslo Exchange, Nasdaq Nordic, and multiple European MTFs), and Abaxx Commodity Exchange (live since June 2024). Strategic delivery alliances include PwC Switzerland, Exberry, and Digital Asset. The company is an Affiliate Member of FEAS, a member of the Association of Futures Markets (AFM), and a Partner of the World Federation of Exchanges (WFE).
Baymarkets AB firmographics
Firmographics- Name
- Baymarkets AB
- Legal name
- Baymarkets AS
- Website
- https://baymarkets.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Baymarkets AB is a Nordic clearing technology vendor developing Clara, a multi-asset multi-currency clearing platform for central counterparties, exchanges, and trading venues. Acquired by SIX Group in November 2025, the firm serves European CCPs with regulatory-compliant real-time risk, margin, and settlement technology.
- Ownership category
- akta.pro rank
Baymarkets AB industry classification
Industry- Product category
- Post-Trade Clearing Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Software Publishers (5132)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Clearing & Settlement Operations (Post-Trade) (FSACALAC)
- akta.pro secondary industry
- Clearing & Settlement for SFTs (CCP/Agent Clearing) (FSACAIAG)
Keywords
Where Baymarkets AB is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices2 records
Markets served
Baymarkets AB business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Software Licensing/Subscription: Baymarkets generates revenue through licensing its Clara Clearing System to CCPs, exchanges, and financial market infrastructure providers. The software is sold as enterprise licenses with ongoing maintenance and support. Post-acquisition by SIX Group, this operates as a subsidiary providing technology to SIX's clearing operations.
- Professional Services: Implementation, consulting, and operational services are provided, particularly through the strategic alliance with PwC Switzerland. This includes project management, rulebook creation, regulatory applications, and operational routine services.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Baymarkets AB product offering
Product offeringCore offering
Baymarkets develops and licenses the Clara Clearing System, a full-service, multi-asset, multi-currency clearing platform for central counterparties (CCPs), exchanges and trading venues. It delivers real-time clearing, risk and settlement functionality across commodities, financial markets, digital assets and both spot and derivative products, supported by advanced VaR risk modelling, stress testing and a flexible account model. Deployment is flexible, with cloud-ready Docker/Kubernetes architecture supporting on-premise or cloud environments.
Product overview
Baymarkets offers a single unified clearing platform called Clara. Clara is a full-service, multi-asset, multi-currency clearing system that serves as the core product offering. The platform supports commodities, financial markets, digital assets, and both spot and derivative products. Key capabilities include a modern VaR risk model using Monte Carlo simulations, feature-rich stress testing with daily scenario runs, flexible account models supporting segregated and non-segregated accounts, and standardised APIs for integration with marketplaces, banks, CSDs, and clients. Clara can be deployed as Docker containers on Kubernetes environments either on-premise or in the cloud.
Differentiator
Problem solved
Functional benefit
Brands
- Clara Clearing System: Full-service multi-asset, multi-currency clearing system developed and owned by Baymarkets. Features real-time clearing, VaR risk model, stress testing, and standardized APIs for integration with marketplaces, banks, CSDs, and clients.
Products and services
- Clara Clearing System
Quantifiable outcome
- Clara handled almost double previous volumes with no drop in performance during recent turbulent markets
- +1 more outcomes
Companies that use Baymarkets AB
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles3 records
Baymarkets AB technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature11 records
Baymarkets AB partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core, strategic and minor.
- Abaxx Commodity Exchange and ClearinghousecoreAbaxx went live on June 28, 2024 using Baymarkets' Clara Clearing system for physically-deliverable LNG and carbon futures contracts. Baymarkets provides clearing technology for Abaxx's exchange-traded products including LNG, carbon and nickel sulphate futures. Abaxx selected Baymarkets for ease and speed of service implementation, seamless integration with existing infrastructure, and considerable service flexibility.
- ExberrystrategicExberry and Baymarkets partnered to add clearing to their end-to-end digital asset exchange platform. Baymarkets' Clara Clearing System integrates with Exberry's matching engine and Digital Asset's Daml platform to provide comprehensive exchange infrastructure including registry, custody, trading, matching, and clearing services for digital assets.
- Digital AssetstrategicDigital Asset (creators of Daml shared ledger development framework) partnered with Baymarkets to add clearing to end-to-end digital asset exchange platforms. Integration of Baymarkets' Clara with Digital Asset's project:DABL enables CSD and registry functions including tokenization of assets, onboarding and management of users, and automatic settlement of trades.
- PwC SwitzerlandstrategicPwC Switzerland and Baymarkets announced a strategic alliance to deliver global post-trade and clearing solutions. The partnership combines Baymarkets' Clara clearing platform with PwC's expertise in project management, rulebook creation, regulatory applications, and operational services. The alliance also explores digital and crypto market opportunities.
- Federation of Euro Asian Stock Exchanges (FEAS)minorBaymarkets is an Affiliate Member of FEAS (Federation of Euro Asian Stock Exchanges).
- Association of Futures Markets (AFM)minorBaymarkets is a member of the Association of Futures Markets (AFM).
- World Federation of Exchanges (WFE)minorBaymarkets has been a Partner of WFE and sponsored IOMA 2019 (WFE's 36th Clearing & Derivatives conference).
Scale indicators5 records
Recent moves5 records
Expansion highlights6 records
Baymarkets AB competitors and assessment
Company assessmentDirect peers
- Murex: Murex provides the MX.3 platform for trading, risk, and post-trade processing across capital markets, including clearing and collateral management for derivatives and securities financing. Comparable as a direct peer offering enterprise clearing and risk technology to exchanges, CCPs, and large financial institutions.
- AcadiaSoft: AcadiaSoft offers derivatives clearing and collateral management infrastructure, including industry-wide workflows for margin processing and CCP connectivity. Comparable as a direct peer in clearing technology with overlapping buyer base of CCPs and large clearing members.
- Pirum: Pirum provides post-trade connectivity, collateral, and securities financing infrastructure including CCP connectivity services. Comparable as a direct peer in post-trade technology for securities lending, repo, and CCP-related workflows.
- Traiana: Traiana provides post-trade processing, risk, and netting infrastructure for FX, derivatives, and securities financing transactions. Comparable as a direct peer in post-trade and clearing-adjacent infrastructure serving exchanges and market participants.
Emerging players
- CQG: CQG provides market data, trading, and order/risk management infrastructure used by exchanges, brokers, and clearing firms including Abaxx. Comparable as an emerging player in exchange-adjacent technology that integrates with Clara deployments.
- Eventus: Eventus provides trade surveillance and market risk technology adopted by exchanges and clearing houses including Abaxx alongside Baymarkets. Comparable as an emerging player whose trade surveillance product integrates with Clara at shared customers.
- Trading Technologies (TT): TT provides professional trading technology and order/risk management infrastructure adopted by exchanges, clearing firms, and buy-side firms. Comparable as an adjacent trading-technology peer integrated at Abaxx alongside Clara's clearing layer.
Broad incumbents
- ION Group: ION provides Calypso and other capital markets post-trade platforms used by banks, clearing houses, and exchanges globally. Comparable as a broad incumbent offering clearing, collateral, and risk-management software that overlaps with Clara's positioning in the CCP and post-trade ecosystem.
- FIS (Fidelity National Information Services): FIS supplies post-trade and securities processing infrastructure to exchanges, CCPs, and market participants through its Capital Markets software business. Comparable as a broad incumbent offering clearing and settlement-adjacent technology with similar enterprise clients to Clara.
- Broadridge Financial Solutions: Broadridge provides post-trade, securities processing, and trading infrastructure (including legacy Itiviti) to exchanges, CCPs, and banks globally. Comparable as a broad incumbent whose post-trade and clearing-adjacent capabilities compete for similar RFPs to Clara.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Baymarkets AB social profiles
Digital presenceBaymarkets AB compliance and trust
Trust signalCompliance1 record
Baymarkets AB financial estimates
Financial estimateRevenue estimate
Valuation estimate
Baymarkets AB leadership team
Management profileNumber of profiles
Profiles6 records
Baymarkets AB funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Baymarkets AB 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 Baymarkets AB
What does Baymarkets AB do?
Baymarkets develops and licenses the Clara Clearing System, a full-service, multi-asset, multi-currency clearing platform for central counterparties (CCPs), exchanges and trading venues. It delivers real-time clearing, risk and settlement functionality across commodities, financial markets, digital assets and both spot and derivative products, supported by advanced VaR risk modelling, stress testing and a flexible account model. Deployment is flexible, with cloud-ready Docker/Kubernetes architecture supporting on-premise or cloud environments.
Is Baymarkets AB a public or private company?
Baymarkets AB is a private company. It is classified as corporate owned and is currently acquired.
When was Baymarkets AB founded?
Baymarkets AB was founded in 2007. It employs 11 to 50 people.
Where is Baymarkets AB based?
Baymarkets AB is headquartered in Stockholm, Sweden, in the Europe region.
How does Baymarkets AB make money?
Two revenue lines are on record. Software Licensing/Subscription is the primary driver. The others are professional Services.
Who are Baymarkets AB's main competitors?
Direct peers on record are Murex, AcadiaSoft, Pirum and Traiana. Emerging players are CQG, Eventus and Trading Technologies (TT). Broad incumbents are ION Group, FIS (Fidelity National Information Services) and Broadridge Financial Solutions.
Does Baymarkets AB have an API?
No public API is recorded for Baymarkets AB.
What industry is Baymarkets AB in?
Baymarkets AB's product category is Post-Trade Clearing Software. Its primary akta.pro industry code is FSACALAC, Clearing & Settlement Operations (Post-Trade), with a secondary code of FSACAIAG, Clearing & Settlement for SFTs (CCP/Agent Clearing). Its NAICS code is 522320 and its SIC code is 7370.