FIA Tech is a new subsidiary located in the UK focusing on Research and Development that services UK and European clients.
FIA Tech, a global technology provider to more than 8,000 firms, announced today that it has expanded to a new subsidiary in London. Located in Paddington, the new office is the company’s fourth office and its first outside the US.
Last year, the global technology provider announced an investment of $44 Million by ten clearing firms that funded the strategic growth of the organisation. With the new funding, FIA Tech has successfully been investing into its existing range of products, which have served numerous companies, and launched revolutionary solutions to develop the market infrastructure across the listed and cleared derivatives industry.
FIA Tech intends to continue collaborating with the various industry stakeholders, including exchanges, clearing houses, clearing firms and other intermediaries, independent software vendors, buy-side firms and end-users, all in order to create efficiency to the exchange-traded and cleared derivatives industry.
Recently, FIA Tech announced a number of initiatives to eliminate friction in trading futures and to ease compliance with regulations. These initiatives consist of a comprehensive set of reference data products developed together with exchanges, CCPs, regulators and data providers. Further, the expansion of its Atlantis service will include a brokerage of US Listed Options. Moreover, it has introduced new FIA Tech analytics and a data service providing centralised validated data for firms to use for non-US index classifications. These provide consistent market data and analytics, thus, market participants can come to accurate, consistent determinations.
“The UK and Europe are core markets for FIA Tech’s customer base and London is a global hub for FinTech innovation. FIA Tech will be expanding in R&D and client services to support our rapid growth and London offers unparalleled access to a cutting edge FinTech talent base,” said Nick Solinger, the CEO of FIA Tech.
