Mixit

What Mixit does

Mixit is a New York-based multi-asset trading technology provider founded in 2004, serving institutional brokers, banks, and large financial institutions. The company operates with 101-250 employees and is positioned as a B2B enterprise software vendor targeting the cleared derivatives trading lifecycle. The product portfolio centers on a unified cleared derivatives platform (XTP Exchange Trading Platform) that covers order management, execution, clearing, trade processing, risk management, and analytics, with nine integrated modules including XTP Execution, XTP Clearing, XTP Spark, XTP Match, XTP Risk, XTP Central Limits, XTP Front-to-Back Suite, and XTP Analytics Clarus. The platform supports 24/7 global connectivity to exchanges and CCPs, processes millions of trades per day with straight-through processing rates exceeding 99.99%, and claims 100% penetration of global systemically important banks, S&P 100 banks, and FTSE 100 banks, plus 80% of Euronext 100 banks.

Revenue is generated through enterprise software licensing of the XTP suite, with deployment options spanning on-premise and the fully managed ION Cloud, implying a subscription or managed services pricing model. Pricing is not publicly disclosed and is structured as quote-based enterprise contracts negotiated through direct field sales, with a consultative "Book a demo" conversion motion. The customer base spans broker-dealers, trading firms, institutional brokers, and major commodity trading houses, with named logos including LIST, R.J. O'Brien, Louis Dreyfus Company, and OptionsDesk. The company distributes globally through direct enterprise sales with field sales teams, alongside managed cloud deployment, and pursues thought leadership and lead generation through industry events, awards (TradingTech Insight, FOW, RegTech Insight, RegTech 100), customer testimonials, and digital content.

Name

Mixit

Legal name

ION Group

Website

https://mixitusa.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

101–250 employees

Short description

Mixit is a New York-based multi-asset trading technology provider founded in 2004, serving institutional brokers, banks, and financial institutions with an integrated cleared derivatives platform spanning execution, clearing, risk, and analytics.

Ownership category

akta.pro rank

Product category

Capital Markets Trading Technology

NAICS

Commodity Contracts Intermediation (52316), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Multi-Asset Liquidity Aggregators & Matching Engines (FSAFAEAI)

akta.pro secondary industry

Options Exchanges (Listed Options Markets) (FSAFABAK)

Keywords

• Derivatives trading platform
• Multi-asset trading technology
• Cleared derivatives
• Order management system
• Trading risk management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Enterprise Software Licensing: The company generates revenue through enterprise software licensing of their XTP cleared derivatives platform suite. They offer both on-premise and cloud deployment options, with the cloud solution described as fully managed, suggesting subscription or managed services pricing models.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Mixit provides multi-asset trading technology for institutional brokers and banks, anchored by the XTP Suite — an integrated platform for cleared derivatives trade lifecycle automation covering order management, execution, clearing, post-trade processing, risk management, and analytics. The suite is offered both on-premise and via the fully managed ION Cloud, and is used by 100% of global systemically important banks, S&P 100 banks, and FTSE 100 banks.

Product overview

ION Group offers the XTP Suite, a comprehensive derivatives trading platform solution comprised of nine integrated products covering the entire trade lifecycle. The core XTP platform handles settlement, risk management, and regulatory reporting, supplemented by specialized modules including XTP Execution (order management and execution), XTP Clearing (trade processing with 99.99%+ STP rates), XTP Spark (back-office processing), XTP Match (reconciliation), XTP Risk (position/P&L tracking), XTP Central Limits (limits management), XTP Analytics Clarus (margin/risk analytics), and XTP Front-to-Back Suite (unified front-to-back workflow). The suite supports automation throughout the cleared derivatives trade lifecycle with connectivity to global markets.

Differentiator

Problem solved

Functional benefit

Brands

• XTP: Cleared derivatives trading platform suite including execution, clearing, risk management, and analytics
• LatentZero
• Fidessa
• Dash Financial
• Reval
• Aspect
• Openlink
• Anvil
• Aphelion
• TradAir
• Barracuda FX
• MarketFactory
• LookOut
• Client ConnectION

Products and services

• XTP Core derivatives clearing platform that processes real-time settlement, risk management, exchange and regulatory reporting for institutional brokers and banks.
• XTP Execution Fully automates cleared derivatives trade workflow with integrated order management, advanced execution, and connectivity to global markets for institutional derivatives traders.
• XTP Clearing Processes millions of trades per day with straight-through-processing rates above 99.99% and provides real-time business visibility for cleared derivatives operations.
• XTP Spark Advanced back-office trade processing platform designed for quick deployment and simple use in cleared derivatives workflows.
• XTP Match Reconciliation solution that meets all reconciliation needs and simplifies existing workflows for cleared derivatives.
• XTP Risk Real-time position, P&L, and margin exposure tracking solution for cleared derivatives trading.
• XTP Central Limits Complete solution for limits management across markets and exchanges for cleared derivatives trading.
• XTP Front-to-Back Suite Unified cleared derivatives execution, order management, and post-trade processing delivered in a single automated real-time workflow.
• XTP Analytics Clarus Real-time margin, risk, and capital analytics solution for cleared derivatives portfolios.
• ION Cloud Solution Fully managed cloud hosting solution for the XTP platform, providing rapid deployment and lower cost advantages with the same advanced capabilities as on-premise deployment.

Quantifiable outcome

• 99.99%+ Straight-through processing (STP) rates
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Four partnerships are on record, tiered core.

• LISTcoreTechnology or IntegrationLIST uses ION's solutions and has been recognized on the RegTech 100 list for the third consecutive year. LIST's CEO praised ION's solutions for simplifying complex processes and enabling business transformation through continuous innovation.
• R.J. O'Brien (RJO)coreTechnology or IntegrationRJO selected ION's Global Trading Platform (GTP) as the primary vehicle for institutional brokers and clients to trade electronically. RJO's Chairman noted ION stood head and shoulders above all other derivatives technology providers after an exhaustive tender process.
• Louis Dreyfus Company (LDC)coreTechnology or IntegrationLouis Dreyfus Company selected ION's derivatives global trading platform to reinforce core business activities with advanced tools that drive efficiency through process unification and automation.
• OptionsDeskcoreTechnology or IntegrationOptionsDesk signed a long-term partnership with ION, adopting the XTP Front-to-Back Suite in exchange-traded derivatives. The partnership was chosen after an exhaustive tender process where ION stood head and shoulders above all other derivatives technology providers.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Nasdaq Market Technology: Nasdaq's Market Technology business licenses exchange and clearing technology (including the former Cinnober stack) to brokers and exchanges globally. Competes with XTP for institutional derivatives clearing infrastructure mandates.
• LSEG (Refinitiv): LSEG, via the Refinitiv acquisition, offers trading and post-trade infrastructure (including Elektron, FXall, and Tradeweb) plus analytics. Provides overlapping capabilities to XTP across trading lifecycle and data/analytics.
• Broadridge Financial Solutions: Broadridge provides trading, post-trade, and regulatory technology across capital markets, including the Itiviti trading platform franchise. Competes with XTP across execution, clearing, and post-trade processing for global banks and brokers.
• FIS (Capital Markets): FIS Capital Markets serves sell-side institutions with a broad suite including derivatives processing, securities finance, and post-trade technology. As a top-tier incumbent with multi-product offerings, FIS competes with XTP for the same institutional clearing and risk mandates.

Others

• IPC Systems: IPC Systems provides communications and infrastructure for financial markets, including trading turret, network, and cloud connectivity services. While not a direct trading platform competitor, IPC is an enabling infrastructure peer often deployed alongside XTP at institutional clients.

Direct peers

• Murex: Murex offers the MX.3 platform for capital markets, treasury, and derivatives trading — including cleared derivatives, risk, and post-trade processing. It is one of the most direct competitors to the XTP Suite across the trade lifecycle.
• Trading Technologies: Trading Technologies provides professional derivatives trading platforms (TT®, ADL®) for buy-side, sell-side, and prop firms globally. Directly competes with XTP in cleared derivatives execution, order management, and connectivity to global futures exchanges.
• Itiviti (Broadridge): Itiviti, now part of Broadridge, provides multi-asset trading infrastructure including connectivity, OMS, and execution services for listed derivatives. Its cb交易的/CTS offering directly overlaps with XTP's connectivity and execution capabilities.
• Adenza (formerly Calypso): Adenza, formed via Thoma Bravo's carve-out of Calypso from Broadridge, provides cross-asset trading, risk, and post-trade technology for capital markets. Competes head-to-head with XTP for derivatives clearing, risk management, and analytics at large banks.

Emerging players

• ION Fidessa: Fidessa, an ION-owned brand, provides equity trading platforms for institutional brokers. While focused on equities rather than cleared derivatives, it represents an adjacent capability within ION's portfolio and serves similar institutional broker clients as the XTP Suite.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/iongroup
• LinkedInlinkedin.com/company/mixit-inc.

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries17 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 Mixit