FIA Tech named Best Market Infrastructure Operator at the European Markets Choice awards

FIA Tech, a leading futures industry technology provider, was named “Best Market Infrastructure Operator” at the European Market Choice awards last night in London. The awards recognize excellence in the capital markets among traders, technology providers, buy-side and sell-side firms, and leaders in the space.

The award presenters noted that FIA Tech was “known for its deep partnerships with the clearing and trading community, as well as with regulators…and is both a technological innovator and an industry-defining advocate for the derivatives market.”

Most recently, FIA Tech has been working with the industry to develop the Trade Data Network. The Trade Data Network is an initiative to provide a shared ledger of trading information to address the fragmentation and lack of transparency in exchange traded derivatives (ETD) post-trade processing. The TDN initiative currently includes 16 banks/brokers and over 40 investment managers and hedge funds with combined assets under management of over $37 trillion.

The initial rollout of TDN is focused on allocations processing and trade confirmations, with trade lifecycle transparency across the multiple brokers and the clearinghouse on each trade.

Nick Solinger, President and CEO of FIA Tech, said: “We are thrilled to win Best Market Infrastructure Operator and we believe this validates our work to create innovative infrastructure solutions for the ETD industry.”