Capital Markets CRC Ltd.

What Capital Markets CRC Ltd. does

Capital Markets CRC Ltd. (CMCRC), founded in 2001 and rebranded as RoZetta Institute in 2019 following its 2018 merger with SIRCA, is an Australian cooperative research centre headquartered in Sydney that operates as a multi-arm research and technology organization. The core research function delivers the cross-disciplinary Industrial PhD Program (60% of graduates joining industry, 40% entering academia) and dedicated research centres in Digital Finance, Energy, and Health Markets, partnering with 58+ industry participants and 14+ universities across Australia, China, the UK, and Canada. Its technology arm, RoZetta Technology, develops and operates the Thomson Reuters Tick History platform processing 10+ billion transactions daily from 450 global stock markets with 3+ petabytes of stored data, alongside the Market Quality Dashboard analytics platform and an AWS Advanced Consulting Partner cloud distribution capability. The organization also commercializes the SMARTS market surveillance software (sold to NASDAQ in 2010) and operates Capital Markets Consulting (CMC) for litigation, regulatory, and policy advisory work, plus Capital Markets Technologies (CMT/RoZetta Ventures) as a $1M-$5M check-size investment vehicle into fintech and healthtech companies including Lorica Health, Dealmax, Ordermentum, CIM Environmental, Digi.Cash, and InfiniGold. Revenue is generated through a blend of collaborative research partnerships, government CRC grants (e.g., $3 million in 2018), technology licensing and data services, consulting engagements, and investment returns, with cumulative $300 million in research funding raised and $1.8 billion in partner returns generated over the organization's history.

Name

Capital Markets CRC Ltd.

Legal name

Capital Markets Cooperative Research Centre Ltd.

Website

https://cmcrc.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Capital Markets CRC (now RoZetta Institute) is an Australian cooperative research centre running an Industrial PhD Program and operating technology, consulting, and investment subsidiaries that build market surveillance, data analytics, and digital finance platforms for banks, exchanges, regulators, and health organizations.

Ownership category

akta.pro rank

Product category

Market Quality Research and Analytics

NAICS

Software Publishers (513210), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industry

Strategic / Balance-Sheet CVC (On-balance-sheet investing) (FSANAHAA)

Keywords

• Market surveillance software
• Financial data analytics
• Collaborative research partnerships
• Regulatory consulting services
• Industrial PhD program

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Collaborative Research Partnerships: Industry-focused research programs in Finance and Health collaborating with industry to solve their challenges. Organizations gain access to academic talent, research infrastructure, and leading academics
2. Technology Solutions and Licensing: Services company CMC provides experts and technologies supporting litigation, evidence-based regulatory and policy advice, and utilisation of surveillance and market quality data technologies. CMT invests in technology companies
3. Industrial PhD Education: Scholarship programs for higher degree research students undertaking commercially focused research. Brings together industry partners with university researchers
4. Investment Returns (CMT): Capital Markets Technologies (CMT) grows and invests in technology companies that fundamentally improve how markets work. Target investments between $1 million and $5 million
5. CRC Project Grants: Australian Government CRC Projects grants for research consortia, such as the $3 million grant in the sixth CRC Projects selection round

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Capital Markets CRC operates a cooperative research centre that delivers industry-focused collaborative research, proprietary market-data and analytics technology, and consulting services to improve the fairness and efficiency of capital, health, energy and digital currency markets. Its offerings span the Thomson Reuters Tick History data platform, the Market Quality Dashboard analytics tool, RoZetta Technology cloud solutions, Capital Markets Consulting (CMC) advisory services, and the Industrial PhD Programme that supplies industry-ready research talent. The organisation also invests in market-improving technology companies through Capital Markets Technologies (CMT).

Product overview

Capital Markets CRC Ltd. (now operating as RoZetta Institute) operates as a multi-component organization comprising: (1) Research Infrastructure - offering the world-leading Industrial PhD Program and research centers in Digital Finance and Energy; (2) Technology Solutions - including the Thomson Reuters Tick History data platform and Market Quality Dashboard analytics tools; (3) Services - through Capital Markets Consulting for litigation, regulatory and policy support; and (4) Investment - via Capital Markets Technologies (CMT) which invests $1M-$5M in fintech and healthtech companies including Lorica Health, Dealmax, Ordermentum, CIM Environmental, Digi.Cash, and InfiniGold. The organization also commercialized SMARTS market surveillance software (sold to NASDAQ in 2010). The technology infrastructure processes over 10 billion transactions daily from 450 global stock markets.

Differentiator

Problem solved

Functional benefit

Brands

• Capital Markets Technologies (CMT): Investment arm that grows and invests in technology companies that improve market operations
• RoZetta Ventures
• Digital Finance Research Centre
• Energy Research Centre
• Health Market Quality
• RoZetta Technology
• Market Quality Dashboard (MQD)

Products and services

• Thomson Reuters Tick History (TRTH) Cloud-based data platform that aggregates information from 450 stock markets worldwide, ingesting approximately 10 billion transactions per day and storing over 3 petabytes of data. Used by 90% of the world's largest banks and 80% of the world's largest hedge funds.
• Market Quality Dashboard (MQD) Analytics platform for measuring market quality across global financial markets, incorporating more than 20 years of acquired knowledge in financial market data analytics, including market surveillance and efficiency work.
• RoZetta Technology Cloud Data Solutions Customised commercial solutions to load, transform, store, secure, analyse and link data sets. Operates as an AWS Advanced Consulting Partner delivering cloud-based data-intensive technology solutions at scale.
• Capital Markets Consulting (CMC) Services company providing experts and technologies that support litigation, evidence-based regulatory and policy advice, and utilisation of leading surveillance and market quality data technologies to improve the fairness and efficiency of markets.
• Industrial PhD Program World-leading cross-disciplinary industrial PhD program setting Research Masters and first-year PhD students up for rewarding careers in industry or academia through scholarships for commercially focused research.
• Digital Finance Research Centre Research to improve fairness and efficiency of digital and cryptocurrency markets, including Bitcoin, digital assets, registries and exchanges, drawing on expertise in international economics, market microstructure and financial econometrics.
• Energy Research Centre Provides data, computing power and analytical expertise to help participants understand energy markets and facilitate evidence-based decision making, building metrics for understanding efficiency, integrity, security and reliability of energy markets.
• Health Market Quality Research Research program that applies data analytics tools to design algorithms measuring fairness and efficiency in insurance and health markets across the globe, with a focus on fraud, abuse, waste and error detection in health insurance claims.
• Capital Markets Technologies (CMT) Investment Programme Investment company that grows and invests in technology companies that fundamentally improve how markets work, targeting investments between USD 1 million and USD 5 million per company.

Quantifiable outcome

• $1.8 billion in partner returns generated
• +6 more outcomes

Named customers11 records

Segments9 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature8 records

Partnerships

29 partnerships are on record, tiered core, secondary and international.

• SIRCAcoreStrategic or Co-development PartnerCMCRC and SIRCA merged in 2018 to create a global translational research powerhouse. The combined entity offers broader platforms, services and solutions to partners and clients, merging analytical expertise with technology innovations. SIRCA stands for Securities Industry Research Centre of Asia.
• NasdaqcoreTechnology or IntegrationNasdaq acquired SMARTS market surveillance technology from CMCRC in 2010. SMARTS is the world's leading market surveillance software used by most regulators globally to detect abusive trading practices.
• Thomson ReuterscoreTechnology or IntegrationThomson Reuters Tick History platform developed and operated by RoZetta Technology, processing over 10 billion transactions daily and storing 3+ petabytes of data. Used by 90% of world's largest banks and 80% of largest hedge funds.
• Macquarie UniversitycoreStrategic or Co-development PartnerKey university partner in the Industrial PhD program. CMCRC hosts a world-class programme for exceptional high achievers with Macquarie as a primary academic partner.
• University of Technology Sydney (UTS)coreStrategic or Co-development PartnerUniversity partner collaborating on research programs including finance and health market quality studies.
• University of SydneycoreStrategic or Co-development PartnerMajor university partner hosting Health PhD researchers and collaborating on health market quality research including the 45 and Up Study.
• University of WollongongsecondaryStrategic or Co-development PartnerUniversity partner collaborating on algorithmic trading and financial markets research.
• Western Sydney UniversitysecondaryStrategic or Co-development PartnerUniversity partner participating in Health Market Quality research and graduate education programs.
• QUT (Queensland University of Technology)secondaryStrategic or Co-development PartnerUniversity partner in the collaborative research network.
• ANU (Australian National University)secondaryStrategic or Co-development PartnerUniversity partner collaborating on research including advertising data and US election prediction studies.
• UNSW (University of New South Wales)coreStrategic or Co-development PartnerKey university partner in finance research including longevity risk, variable annuities, and hedging studies.
• Nankai UniversityinternationalStrategic or Co-development PartnerInternational university partner based in China, collaborating on market quality research.
• Shanghai International Energy ExchangeinternationalTechnology or IntegrationInternational partner for energy market research and analysis including China crude oil futures studies.
• University of BirminghaminternationalStrategic or Co-development PartnerInternational university partner in the UK collaborating on research programs.
• McMaster UniversityinternationalStrategic or Co-development PartnerInternational university partner in Canada.
• Queen's UniversityinternationalStrategic or Co-development PartnerInternational university partner in Canada.
• ASX (Australian Securities Exchange)coreStrategic or Co-development PartnerAustralian securities exchange partner for market quality research and surveillance solutions.
• Macquarie BankcoreStrategic or Co-development PartnerMajor banking partner collaborating on market quality research and graduate education programs.
• Deutsche BankcoreStrategic or Co-development PartnerInternational banking partner for research collaboration and employment of Industrial PhD graduates.
• MedibankcoreStrategic or Co-development PartnerMajor health insurance partner for health market quality research including health data analytics and fraud detection.
• NSW HealthcoreStrategic or Co-development PartnerGovernment health partner collaborating on health market quality research and data analytics.
• Adviser RatingssecondaryStrategic or Co-development Partner58th industry partner in financial markets as of 2018, focused on improving penetration of financial advice through research.
• DeloittesecondaryStrategic or Co-development PartnerProfessional services partner referenced in research on digital economy impact on business structures.
• CSIROsecondaryStrategic or Co-development PartnerAustralian government science organization collaborating on research including Low Carbon Living CRC and FDD evaluation.
• Data61secondaryTechnology or IntegrationDigital research specialist partner for collaborative research initiatives.
• RoZetta TechnologycoreStrategic or Co-development PartnerTechnology subsidiary developing customized solutions to load, transform, store, secure, analyse and link data sets. Now an AWS Advanced Consulting Partner.
• IAG (Insurance Australia Group)secondaryStrategic or Co-development PartnerInsurance partner through Firemark Labs Australia for corporate innovation initiatives and startup engagement.
• GMOsecondaryStrategic or Co-development PartnerGlobal investment management firm partner in collaborative research.
• Financial Services Council (FSC)secondaryStrategic or Co-development PartnerIndustry body partner representing fund managers and superannuation providers.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Bloomberg: Dominant financial market data, analytics and terminal vendor serving the world's largest banks and asset managers. Overlaps with CMCRC's market data, analytics and surveillance products at the largest financial institutions.
• MSCI: Provides index, analytics and ESG data to asset owners and managers. Comparable as an analytics and research-driven incumbent serving institutional capital markets participants, similar to CMCRC's research and market-quality measurement work.
• S&P Global Market Intelligence: Provides data, analytics and research on global capital markets, comparable to CMCRC's Market Quality Dashboard and capital-markets research offerings.
• Verisk Analytics: Provides data analytics to insurance, energy and specialised markets including fraud, waste and abuse detection in health insurance. Directly comparable to CMCRC's Health Market Quality research and analytics offerings for insurance and health markets.
• Refinitiv (London Stock Exchange Group): Global financial market data and infrastructure provider (parent of the Thomson Reuters Tick History franchise) serving banks, hedge funds and corporates. Comparable as the primary commercial counterpart to CMCRC's RoZetta Technology data platform.

Emerging players

• CSIRO Data61: Australia's national data and digital research arm, a collaborative partner of CMCRC. Comparable as a publicly-funded translational research organisation bridging academia and industry with applied data science capabilities.
• AIST (Australian Institute of Machine Learning): Applied AI research centre combining academic depth with industry partnerships in Australia. Comparable as a translational research model mixing AI, domain expertise and industry collaboration similar to CMCRC's Industrial PhD framework.
• Renaissance Capital: Provider of IPO and capital-markets data and research. Comparable to CMCRC's research and analytics offerings focused on the quality, fairness and efficiency of capital markets.

Direct peers

• FactSet: Provides financial data, analytics and workflow tools to investment managers and banks. Closely comparable to RoZetta Technology's data-intensive analytics proposition for capital-market participants.
• Nasdaq (Marketplace Technology / SMARTS): Acquired CMCRC's SMARTS market surveillance software in 2010 and now sells it globally to regulators and exchanges. Directly comparable because it operates the same market-surveillance product line and serves regulators, exchanges and listed-market operators.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/capitalmcrc
• Facebookfacebook.com/capitalmcrc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries5 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 Capital Markets CRC Ltd.