What Spacetime.io does

Spacetime.io is a Toronto-based, privately held fintech company that builds TradeFabric.ai, a cloud-based, API-first trading intelligence platform serving institutional trading firms on both the buy-side and sell-side. The platform delivers transaction cost analysis (TCA), attribution, best-execution reporting, and order-visualization tools across the pre-trade, real-time, and post-trade lifecycle. Its technical stack combines streaming real-time data ingestion, statistical modeling, machine learning, and modern interactive visualization, with FIX protocol connectivity for ingestion from buy-side and sell-side systems. Differentiated methodologies include volume-time analysis (a bespoke per-security clock that ticks on transacted volume rather than wall-clock time) and volatility-normalized TCA, both designed to produce more accurate adverse-selection and execution-quality measurements than conventional TCA approaches.

The company operates a B2B enterprise SaaS model. Revenue is generated via subscription licensing of the TradeFabric platform, with quote-based enterprise pricing disclosed through a "Book a Demo" sales motion that typically involves proof-of-concept and trial engagements on an annual billing cadence. Distribution is multi-pronged: a direct enterprise field-sales channel, API integrations into client in-house systems, and an embedded/OEM channel through integration partners (most notably LiquidityBook's POEMS). The primary customer segment is institutional trading firms (asset managers, hedge funds, broker-dealers), with secondary exposure to best-execution and oversight committees requiring independent reporting for regulatory and stakeholder compliance. Geographic reach currently spans Canada and the United States, with the United Kingdom referenced as a team-experience market rather than an active operating geography.

Spacetime.io is structured as Spacetime.io Inc., incorporated in Ontario, Canada, and is described in its own career materials as a "high velocity, early-stage start-up." The leadership team combines deep electronic-trading, market-structure, and enterprise-software expertise. Notable external validations include a Rising Star award in the 2022 Chartis Research RiskTech Buyside50 report and a December 2023 strategic integration partnership with LiquidityBook. Revenue figures, headcount, funding history, and cap-table details are not publicly disclosed.

Name

Spacetime.io

Legal name

Spacetime.io Inc

Website

https://spacetime.io

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Spacetime.io is a Toronto-based fintech that sells TradeFabric.ai, a cloud-based, API-first TCA and best-execution analytics platform, to institutional buy-side and sell-side trading firms across the trade lifecycle.

Ownership category

akta.pro rank

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. TradeFabric SaaS Subscription: Cloud-based software-as-a-service platform providing trading analytics. Revenue derived from subscription licensing of the TradeFabric platform with real-time analytics, TCA, and reporting capabilities.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Spacetime.io builds TradeFabric.ai, a cloud-based trading intelligence platform that delivers transaction cost analysis (TCA), trade attribution, and best execution reporting for institutional traders. The platform merges streaming real-time market data with statistical modeling, machine learning, and interactive visualizations to provide pre-trade, intraday, and historical insights across the trade lifecycle. It exposes a full-featured API and FIX connectivity for integration with buy-side and sell-side trading systems.

Product overview

Spacetime.io is a data and analytics company providing real-time adaptive analytics, visualization, and machine learning solutions for the financial services sector. The company's flagship product is TradeFabric.ai (also referred to as the TradeFabric Intelligence platform), a cloud-based trading analytics platform that delivers pre-trade, real-time, and historical insights to help traders trade better. TradeFabric provides TCA (Transaction Cost Analysis), best execution solutions, interactive analytics, and a full-featured API for integration with in-house systems and vendors. The platform merges streaming data sets with deep statistical knowledge, machine learning, and modern visualization techniques to create advanced trading analytics workflows for market participants.

Differentiator

Problem solved

Functional benefit

Brands

• TradeFabric.ai: Cloud-based trading intelligence platform that provides pre-trade, real-time and historical insights to help traders trade better. Uses real-time data, innovative visualizations, and advanced statistical models to deliver unique insight before, during, and after trades.
• TradeFabric Intelligence

Products and services

• TradeFabric.ai Cloud-based trading intelligence platform that delivers TCA, trade analytics, attribution, and best execution solutions for institutional buy-side and sell-side firms. Uses real-time data, innovative visualizations, and advanced statistical models to provide pre-trade, real-time, and historical insights via an API-first architecture with FIX connectivity.

Quantifiable outcome

• Real-time insight application during live trades vs. after-the-close analysis
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability3 records

Feature5 records

Partnerships

One partnership is on record.

• LiquidityBookcoreTechnology or Integration · 5 December 2023Toronto and New York, 5 December 2023 – Spacetime.io and LiquidityBook partnered to provide clients with a fully integrated solution delivering Spacetime.io's TradeFabric trading analytics directly into LiquidityBook's portfolio, order, and execution management system (POEMS). LiquidityBook clients can track and visualize how their orders are interacting with the market, understand new execution opportunities, and deliver enhanced post-trade reporting to stakeholders. Kevin Samuel, CEO of LiquidityBook, stated commitment to providing highest quality technology through partnering with innovators such as Spacetime.io.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• BestEx Research: BestEx Research is an independent TCA and execution analytics provider serving institutional buy-side and sell-side firms, offering pre-trade, intraday, and post-trade analytics. It directly overlaps Spacetime.io's TCA, best-execution, and order-routing analytics value proposition with a comparable customer base of asset managers and brokers.
• FlexTrade Systems: FlexTrade provides execution management systems and trading analytics to buy-side and sell-side institutions, including TCA workflows and FIX connectivity. It competes with Spacetime.io on execution analytics for institutional traders and offers a similar API/integration-driven architecture.

Broad incumbents

• Bloomberg L.P. Bloomberg offers TCA through EMSX (now AEMS) and the broader Bloomberg Terminal ecosystem, serving the same institutional trading desks that Spacetime.io targets. It competes as an incumbent bundle attached to the dominant trading terminal rather than a standalone TCA specialist.
• FactSet: FactSet provides execution analytics, transaction cost analysis, and trading workflow tools to buy-side and sell-side institutions within its broader data and analytics platform. It competes with Spacetime.io on TCA and execution quality reporting as part of a much wider product suite.
• Virtu Financial: Virtu Financial acquired ITG's TCA and execution analytics business and offers TCA, trade analytics, and execution consulting to institutional clients. It is a direct competitor on TCA and best-execution reporting but operates at vastly greater scale as both a broker and analytics provider.
• Charles River Development (State Street): Charles River provides an OMS/EMS with embedded execution analytics and TCA capabilities used by buy-side institutions. It competes with Spacetime.io for trading analytics budgets but as part of a much broader order management platform rather than a standalone analytics layer.
• Tradeweb: Tradeweb operates electronic trading platforms across asset classes and increasingly offers execution analytics and TCA capabilities to its institutional client base. It is comparable as a provider of analytics tied to multi-asset electronic trading, though it is primarily an execution venue.
• S&P Global Market Intelligence (formerly IHS Markit): S&P Global Market Intelligence provides trade analytics, transaction cost analysis, and post-trade reporting solutions to institutional clients. It overlaps with Spacetime.io on TCA and execution quality analytics but as part of an extensive data and analytics portfolio.
• MSCI: MSCI offers execution and portfolio analytics (including RiskMetrics and Barra-related tools) used by institutional asset managers. It is comparable to Spacetime.io on analytics for institutional trading and risk workflows but operates at significantly greater scale with a broader product set.

Emerging players

• OneMarketData (OneTick): OneMarketData provides OneTick, a time-series database and analytics platform used for TCA, market data analysis, and trading workflows at buy-side and sell-side firms. It is comparable to Spacetime.io as an analytics infrastructure layer for institutional trading, though its focus is more on data infrastructure than visualization.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

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 Spacetime.io