London / New York, 1 April 2025 – FIA Tech, a leading futures industry technology provider, today announced that HSBC has joined its ownership consortium. HSBC is the 13^th global clearing firm to invest in FIA Tech and will also serve on its board of directors.

The addition of HSBC to FIA Tech’s ownership consortium continues FIA Tech’s global expansion, diversifying the client base and bringing FIA Tech’s solutions to a wider range of clients in Europe, Middle East, and Asia.

The investor consortium now comprises ABN AMRO Clearing, Bank of America, Barclays, BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, Societe Generale, UBS, Wells Fargo as well as the FIA. Funds raised by the investor consortium are earmarked for the strategic growth of the Trade Data Network and FIA Tech’s goal of improving the operational resilience of the exchange traded industry.

Najib Lamhaouar, Global Head of Derivatives Clearing Services of HSBC, said: “FIA Tech has a proven track record of delivering best-in-class services that connect buy-side and sell-side participants to improve efficiency, reduce risk and create long-term scale for our growing industry. We look forward to working closely with FIA Tech on their future initiatives.”

Nick Solinger, President and CEO of FIA Tech, said: “HSBC has long been a partner of ours in developing innovative solutions for our industry, so bringing them formally into our ownership consortium was a logical next step. HSBC’s strong footprint in the Middle East and Asia will also help us expand our global reach and diversify our client base in other regions”.

About FIA Tech
FIA Tech is the leading technology provider to the exchange traded derivatives industry. Owned by a consortium of twelve leading clearing firms and the Futures Industry Association (FIA), FIA Tech is committed to serving the industry and launching innovative solutions to improve market infrastructure across the listed and cleared derivatives industry. FIA Tech works in close partnership with the broader industry, including exchanges, clearinghouses, clearing firms and other intermediaries, as well as independent software vendors, buyside firms and end users to bring efficiency to the exchange traded and cleared derivatives industry.

About the Trade Data Network Initiative
The Trade Data Network (TDN) is an industry initiative that provides 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 17 banks/brokers and 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. Additional features include benchmarking, metrics tracking and reporting to drive best practices across the ecosystem. The initiative is also designed to drive value for the independent software vendor (ISV) community by reducing complexity in delivering services to clients.

For further information please contact:
Candice Adam
cadam@fia-tech.com +44 (0)7771 906 073