What Avenir Technology does

Avenir Technology Ltd. is a privately-held financial market infrastructure (FMI) software vendor founded in 2014 by Martyn Bain and Dr Ferry Hendrikx, with primary operations in London, United Kingdom and Wellington, New Zealand. The company builds and licenses a modular software platform for exchanges, central counterparties (CCPs), central securities depositories (CSDs), registrars, and private markets — covering the full post-trade lifecycle from matching and trading through clearing, settlement, registry, and risk management. Its product suite comprises AvenirCSD (CSD and registry), AvenirCCP (central counterparty clearing with PFMI-compliant risk and collateral management), AvenirOne (integrated trading/clearing/settlement/registry bundle for emerging exchanges), AvenirTrade (browser-based multi-asset trading), AvenirRisk (2025-launched CCP risk intelligence), AvenirCommodity (warehouse receipt system), AvenirRegistry, Avenir Private Markets, and Avenir SettlementLink (blockchain/tokenisation layer), all built on open-source foundations with FIX and SWIFT ISO15022/20022 connectivity.

The company monetises primarily through one-time software licensing plus professional services (implementation, consulting, and ongoing support) on a quote-based enterprise sales motion. Named deployments span multiple continents, including Vietnam's first derivatives market (VSD, 2017), Kazakhstan's Astana International Exchange (2018), The International Stock Exchange in Guernsey (2021), Central Asian Stock Exchange in Tajikistan, Midclear in Lebanon, ACE Malawi, and Irish CSD migration work post-Brexit. Avenir operates through direct enterprise sales supplemented by a long-standing partnership with GMEX Technologies, and is led by CEO Adrienne Muir with Steven Hamilton (ex-ICE) appointed Chairman in May 2025.

Name

Avenir Technology

Legal name

Avenir Technology Ltd.

Website

https://avenir-technology.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Avenir Technology builds modular post-trade software — trading, clearing, CSD, settlement, registry, and risk — licensed to exchanges, CCPs, and CSDs globally, with operations in London and Wellington.

Ownership category

akta.pro rank

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

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: The company licenses its modular financial market infrastructure software to exchanges, clearing houses, CSDs, and market operators. Solutions can be implemented independently or integrated together.
2. Professional Services: Implementation, consulting, and ongoing technical support services to help clients design, integrate, and operate their market infrastructure systems.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Avenir Technology develops, licenses, and supports modular software infrastructure that enables exchanges, central counterparty clearing houses (CCPs), central securities depositories (CSDs), registrars, and private market operators to run end-to-end trading, clearing, settlement, and registry workflows. Its products cover CSD, CCP, exchange matching, warehouse receipt systems for commodities, and a risk intelligence/margin backtesting toolkit, sold as licensed software with accompanying professional services for implementation, integration, and ongoing support.

Product overview

Avenir Technology builds and exports world-class software infrastructure for global financial markets, operating a platform-plus-modules architecture. The core product suite includes AvenirCSD (Central Securities Depository for custody, settlement, and registry), AvenirCCP (Central Counterparty Clearing House with real-time risk management and collateral), AvenirOne (a unified, modular platform combining trading, clearing, settlement, and registry for small/emerging exchanges), AvenirTrade (browser-based trading for exchanges across all major asset classes), AvenirRisk (risk management and margin validation toolkit for CCPs), and AvenirCommodity (warehouse receipt lifecycle management for agricultural markets). Supporting modules include Avenir Private Markets (private equity/crowdfunding), AvenirRegistry (shareholder record management), Avenir SettlementLink (blockchain integration layer), and Avenir Consulting. The modular design allows clients to select individual components or run the technology end-to-end, with all products supporting FIX, SWIFT ISO15022/20022, and open-source architecture.

Differentiator

Problem solved

Functional benefit

Brands

• AvenirCSD: Central Security Depository solution for cash products, environmental products, and registry functionality.
• AvenirRisk
• AvenirOne
• AvenirCCP
• Avenir Private Markets
• AvenirTrade
• AvenirRegistry
• AvenirCommodity
• AvenirConsulting

Products and services

• AvenirCSD Fully featured Central Securities Depository system providing custody, real-time Delivery-versus-Payment (DvP) settlement (BIS Model I/II/III), electronic settlement with FIX and SWIFT ISO15022/20022 interfaces, registry functionality, and corporate actions support (dividends, interest, stock splits) for equities, bonds, and environmental products.
• AvenirCCP Central Counterparty clearing house product providing novation, netting, real-time margin calculation (VaR, spread, variation, and delivery margin), collateral management across cash, bonds, equities, FX, and precious metals, default management, and settlement for both cash equities/bonds and derivatives. Designed to be compliant with CPMI-IOSCO Principles for Financial Market Infrastructures (PFMIs).
• AvenirTrade Browser-based trading system for exchanges, supporting equities, bonds, commodities, derivatives, power contracts, and futures and options. Provides multiple trading sessions (pre-open, opening auction, continuous matching, closing auction), limit and market order types, FIX API connectivity, and OTC market integration.
• AvenirRisk Risk management toolkit for CCPs, exchanges, and clearing houses providing real-time initial margin sufficiency checks (Check-Back), historical market shock replay (Play-Back), and statistical backtesting (Traffic Light Coverage Tests, Filliben's Distribution Fit, Loss-Quantique Independence Tests). Delivered as a one-server solution with interactive dashboards, scheduled batch runs, and FIX/API integrations.
• AvenirOne Fully integrated, modular platform for small or emerging exchanges and private market venues that combines trading (CLOB), clearing, settlement, and registry into a cloud-hosted, fast-to-deploy solution. Includes web-based portals for investors, issuers, traders, and participants, with tokenisation support via SettlementLink and fractional ownership up to ten decimal places.
• AvenirCommodity Platform for managing the full lifecycle of agricultural warehouse receipts, including warehouse management, registration, farmer database, market price collection, funding via collateralisation against receipts, trading (bid/offer and auction modes), and settlement. Co-designed with the African Commodities Exchange (ACE) in Malawi.
• Avenir Private Markets Secure end-to-end solution for private markets and crowdfunding platforms that enables unlisted companies to manage ownership, raise capital, and facilitate controlled trading without going public, with simplified fundraising, cap table management, and investor access.
• AvenirRegistry Shareholder registry management system that updates ownership in real time and supports dividends, voting, and corporate actions, with integration into trading and settlement platforms via SWIFT, CREST, and APIs.
• Avenir Consulting Advisory service bringing decades of hands-on exchange experience to help financial market operators make better infrastructure decisions across system modernisation, new market launches, and regulatory navigation.

Quantifiable outcome

• 10 million contracts processed in first year of Vietnam derivatives market operation
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature7 records

Partnerships

Six partnerships are on record, tiered core.

• The International Stock Exchange (TISE)coreTechnology or Integration · 26 July 2021Providing comprehensive trading platform for TISE, a regulated marketplace headquartered in Guernsey specializing in listing bonds for professional investors. The multi-asset platform supports auction and continuous trading with FIX API integration. TISE has over 3,000 listings with market value exceeding £450 billion.
• Avenir RegistrarscoreStrategic or Co-development Partner · 30 September 2020Sister company Avenir Registrars has been representing Irish issuers for securities register management. Avenir Technology worked with them to re-engineer underlying registry management systems ensuring interoperability with Euroclear CSD for post-Brexit migration of Irish securities from CREST.
• Astana International Exchange (AIX)coreTechnology or Integration · 1 November 2018Provider of post-trade market services to Astana International Exchange in Kazakhstan within the Astana International Financial Centre. Delivered securities registry and Central Securities Depository (CSD) with FIX trading and SWIFT messaging capabilities. The exchange is linked to China's Belt and Road Initiative.
• Vietnam Securities Depository (VSD)coreTechnology or Integration · 10 August 2017Delivered state-of-the-art multi-language real-time clearing and settlement system for Vietnam's first derivatives market. The system handled over 10 million contracts in its first year of operation with peak volumes of 2+ million contracts per month.
• FPT Information SystemcoreStrategic or Co-development Partner · 16 March 2016Joint venture partnership with FPT to launch Vietnam's first derivatives market and fully integrated clearing house. FPT provided local operational expertise while GMEX/Avenir provided technology. The partnership was awarded the mandate to provide technology and global business expertise to launch derivatives market for Hanoi Stock Exchange and Vietnam Securities Depository.
• GMEX Group / GMEX TechnologiescoreStrategic or Co-development Partner · 16 September 2015Partnership with GMEX Group to provide market infrastructure technology. GMEX Group subsidiary GMEX Technologies implemented Avenir's products including AvenirClear CCP and AvenirWRS. The partnership focused on emerging markets development using a unique sustainable partnership-driven model. Multiple joint projects including Central Asian Stock Exchange (Tajikistan), Midclear Lebanon CCP, Vietnam derivatives market, and Malawi warehouse receipt system.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• GMEX Group: GMEX Group is the closest comparable peer: a financial market infrastructure specialist focused on emerging markets, with whom Avenir has a deep strategic partnership. Both target stock exchanges, CCPs, and CSDs in developing financial centers with integrated trading/clearing/settlement platforms.
• Baton Systems: Baton Systems provides post-trade processing technology including CCP clearing, DvP settlement, and liquidity management for banks and central counterparties. Direct competitor in core clearing/settlement infrastructure with a comparable niche focus on FMI software.

Broad incumbents

• Nasdaq Market Technology: Nasdaq's Market Technology business provides exchange, clearing, and surveillance technology to over 130 marketplaces worldwide (including Cinnober, acquired in 2018). Directly competes with Avenir across the exchange technology stack but as part of a much larger public company.
• FIS: FIS provides trading, post-trade, and risk technology to capital markets participants through its Capital Markets Software segment (formerly SunGard). Offers overlapping capabilities in clearing, risk, and market infrastructure as part of a broad fintech portfolio serving exchanges and CCPs.
• Broadridge: Broadridge provides post-trade and trading technology for capital markets and broker-dealers (including Itiviti and Calypso). Competes in fixed income, derivatives, and post-trade processing with much broader product breadth and deeper resources than Avenir.
• ION Group: ION Group provides mission-critical software to financial institutions including capital markets, with products spanning trading, treasury, and risk management. Through acquired entities (Wall Street Systems, Fidessa), ION offers infrastructure that overlaps with Avenir's exchange/CCP offerings at much larger scale.
• Deutsche Börse: Deutsche Börse operates its own exchanges, CCPs (Eurex Clearing), and CSDs (Clearstream) and provides market data and infrastructure services to external clients. While primarily an operator rather than a software vendor, it competes indirectly with Avenir for FMI modernization deals and represents the kind of incumbent client infrastructure Avenir aims to replace.
• OSTTRA: OSTTRA is a post-trade infrastructure joint venture between S&P Global and CME Group focused on OTC derivatives trade processing, clearing, and settlement. Overlaps with Avenir's clearing and settlement work but at much larger scale, serving global dealer banks and major market participants.

Emerging players

• Vermiculus: Vermiculus is a Swedish fintech providing exchange and clearing technology for both traditional and digital asset markets. Comparable niche focus on FMI software with emerging traction in tokenized and traditional exchange infrastructure, making it a closer specialty peer than the broad incumbents.
• R3: R3 provides enterprise blockchain technology (Corda) for capital markets, enabling tokenization and digital asset workflows that overlap with Avenir SettlementLink's tokenization use case. Adjacent rather than direct competitor, but relevant for digital-asset infrastructure positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/AvenirTechFMI
• LinkedInlinkedin.com/company/avenir-technology

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

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 Avenir Technology