pdv Financial Software

What pdv Financial Software does

Foconis Trading GmbH, formerly pdv Financial Software GmbH, is a Hamburg-based capital markets software vendor founded in 1991 and acquired by Main Capital Partners in January 2023. It serves banks, brokers, stock exchanges, and financial service providers in DACH and Asia-Pacific with its DECIDE platform, a modular end-to-end system covering the full securities trade lifecycle from front-office trading desktops through order and execution management, position and risk management, clearing/settlement preparation, and subledger accounting across all asset classes and instrument types. The platform supports Linux and Solaris environments with Oracle, Informix, and DB2 databases, and connects to 40+ electronic markets via FIX, FAST FIX, SWIFT, and integrations with Bloomberg, Instinet, Refinitiv, Morningstar, Thomson Reuters, and Autex.

DECIDE's module set includes Front Office (HTML5 thin-client trading desktop), Decision Support for position optimization and scenario analysis, Order & Execution Management (OMS/EMS) with MiFID II best-execution and smart order routing, Position Management, and Risk Management with Market Risk (VaR, expected shortfall, FRTB) and Credit Risk (CRR/CRD IV, KSA/IRB, LCR/NFSR) sub-modules. Add-ons include DECIDE/Exchange for cash instruments and warrants/certificates, a blockchain-based trading PoC for energy markets with partner Ponton, an ETD web front end, a Product Composer for structured products, and an Algo Engine supporting VWAP/TWAP/TVOL execution algorithms. AI features include neural network pricing for Bermudan Swaptions in the Libor Market Model and SABR volatility, plus deep reinforcement learning for XVA model risk management.

Revenue is generated through a mix of perpetual on-premise licensing, recurring SaaS / Capital Market-as-a-Service subscriptions, hybrid deployments, and professional services for implementation and support. Go-to-market is direct enterprise sales, anchored by named customers Deutsche Bank, Commerzbank, Baader Bank, Haspa, and Munich Stock Exchange. In January 2024 the company was reorganized under Foconis GmbH alongside van den Berg (now Foconis Payment) and other software specialists, expanding its footprint across trading, payment, compliance, and analytics for the European banking software market.

Name

pdv Financial Software

Legal name

Foconis Trading GmbH

Website

https://pdv-fs.de

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

101–250 employees

Short description

Foconis Trading GmbH (formerly pdv Financial Software) provides DECIDE, a modular end-to-end capital markets software platform for banks, brokers, and stock exchanges in DACH and Asia-Pacific, covering trading, order and execution management, position and risk management, and regulatory compliance.

Ownership category

akta.pro rank

Product category

Capital Market Software

NAICS

Software Publishers (5132), Custom Computer Programming Services (541511)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)

akta.pro primary industry

Institutional Multi-Asset Trading Platforms (OTC/RFQ) (FSAFAEAB)

akta.pro secondary industries

Bond RFQ & Request-for-Stream Platforms (FSAFACAG), Pricing & Valuation Services (Fixed Income, OTC, Derivatives) (FSAFAIAF)

Keywords

• Capital market software
• Trading platform solutions
• Risk management software
• Order execution management
• Regulatory compliance software

Headquarters

HQ city

Hamburg

HQ country

Germany

HQ region

Europe

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: One-time perpetual license fees for on-premise enterprise deployment
2. SaaS/Subscription: Recurring subscription revenue from cloud-based deployment
3. Professional Services: Implementation, consulting, and support services

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

pdv Financial Software (now operating as Foconis Trading GmbH) develops and sells DECIDE, a modular end-to-end software platform for capital market processes that covers the full trade lifecycle—from trading front ends for exchange-traded and OTC deals, through order and execution management, position and risk management, clearing/settlement preparation, and subledger accounting—deployed either on-premise, as SaaS (Capital Market-as-a-Service), or hybrid for banks, brokers, and stock exchanges.

Product overview

Foconis Trading GmbH (formerly pdv Financial Software) offers DECIDE, a modular end-to-end software platform for capital market processes. The platform supports the complete trade lifecycle from pre-trade to post-trade across all asset classes and instrument types. Core modules include Front Office for trading decisions, Decision Support for portfolio optimization, Order & Execution Management (OMS/EMS) with MiFID II compliance, Position Management for realtime positions, and Risk Management covering Market Risk and Credit Risk sub-modules. Additional offerings include DECIDE/Exchange for exchange platforms, Blockchain-Based Trading for energy markets, and ETD Trading via Web Front End. The platform is available as enterprise on-premise, SaaS, or hybrid deployment via Capital Market-as-a-Service model.

Differentiator

Problem solved

Functional benefit

Brands

• DECIDE: End-to-end software platform for capital market processes covering the entire trade lifecycle including trading front ends for ETD and OTC deals, order/execution management, position and risk management, clearing/settlement, and subledger accounting
• DECIDE Capital Market Solution
• DECIDE Front Office
• DECIDE Decision Support
• DECIDE Order & Execution Management (OMS/EMS)
• DECIDE Position Management
• DECIDE Risk Management
• DECIDE Credit Risk
• DECIDE Market Risk
• DECIDE/Exchange
• DECIDE SaaS
• DECIDE Hybrid

Products and services

• DECIDE Capital Market Solution Modular end-to-end software platform for capital market processes that supports the entire trade lifecycle—from trading front ends for ETD and OTC deals, through order and execution management with brokerage functions, to position and risk management, clearing/settlement preparation, and subledger accounting—for all asset classes and instrument types. Targets banks, brokers, and stock exchanges.
• DECIDE SaaS / Capital Market-as-a-Service Cloud-based SaaS deployment of the DECIDE platform (also offered as hybrid combining on-premise with SaaS components) targeting banks, brokers, and stock exchanges that prefer utility/cloud deployment over traditional on-premise licensing.
• DECIDE/Exchange Exchange platform for cash instruments and warrants/certificates with multi-instance support for multiple market segments and ability to handle high order book volumes. Targets stock exchanges and trading venues requiring market infrastructure technology.
• DECIDE Blockchain-Based Trading Peer-to-peer trading platform developed with partner Ponton for trading cash instruments on the energy market using blockchain components. Validated in proof-of-concept with 40 energy trading companies.

Quantifiable outcome

• 40+ electronic markets connected via multiple protocols

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability4 records

Feature3 records

Partnerships

Two partnerships are on record, tiered minor.

• ThaiQuest LimitedminorOthersPartner for Great Britain and Asia Pacific regions for expanded market presence
• salesXpminorChannel Partner/ Reseller/ DistributorPartner in Austria for sales and distribution activities in the Austrian market

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• FIS (FIS Capital Markets / Front Arena): FIS is a large financial technology incumbent offering capital markets, risk, and trading solutions (including Front Arena) to global banks and asset managers. Competes with pdv at larger Tier 1 institutions but operates as part of a much broader financial software portfolio rather than as a focused capital markets platform.
• Finastra: Finastra provides trading, capital markets, lending, and treasury solutions (e.g., Summit, Opics) for banks globally. Overlaps with pdv in capital markets and trading platform space but as part of a broad financial services software portfolio, not a focused mid-market capital markets offering.
• ION Group (capital markets division): ION provides mission-critical trading and capital markets software (e.g., Fidessa, Algorithmic, Broadway) across asset classes for sell-side firms, brokers, and exchanges. Broad incumbent overlapping with pdv on trading infrastructure, OMS/EMS, and risk, but with global scale and a much wider product portfolio.
• Broadridge Financial Solutions: Broadridge offers post-trade, securities processing, and trading infrastructure solutions (including Itiviti) to global capital markets participants. Competes with pdv in OMS/EMS and capital markets infrastructure but operates at significantly larger scale across the trade lifecycle.
• Bloomberg (Trading Solutions): Bloomberg provides order management, execution, and analytics tools used by buy-side and sell-side firms via the Bloomberg Terminal and EMSX. Overlaps with DECIDE OMS/EMS in order routing and execution workflows but as part of a much broader data, analytics, and media franchise.

Direct peers

• Itiviti (part of Broadridge): Itiviti provides connectivity, OMS, and trading infrastructure for buy-side and sell-side firms with multi-asset OMS/EMS and FIX connectivity. Closely comparable to DECIDE OMS/EMS and FIX-based connectivity to 40+ markets, serving similar brokerage and bank clients.
• TSS (Trading Screen): TradingScreen provides an OMS/EMS and order routing network connecting buy-side and sell-side participants to multiple liquidity venues. Comparable to DECIDE's OMS/EMS and multi-protocol market connectivity focus on multi-asset trading workflows.
• Murex: Murex provides the MX.3 platform for front-to-back trading, risk, and post-trade processing across multiple asset classes (FX, fixed income, derivatives, commodities) for banks and capital markets participants. Direct competitor to pdv's DECIDE platform in the institutional multi-asset trading and risk software category.
• Calypso Technology (Adenza): Calypso offers a cross-asset trading and risk management platform for capital markets and treasury, including pricing, risk, collateral, and settlement. Directly competes with DECIDE in front-to-back-office platform functionality for banks and broker-dealers.
• Eka Software Solutions: Eka provides a CTRM (commodity trading and risk management) and capital markets platform for trading, risk, and analytics across commodities and financial instruments. Directly comparable to DECIDE for mid-sized financial institutions and commodity trading firms seeking integrated trading and risk solutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pdv-financial-software-gmbh-hamburg-germany

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 pdv Financial Software