Montreal – September 17, 2015
FIA announced that TickSmith is one of eight companies publicised in the first round of selections for Innovators Pavilion, a showcase for FinTech companies providing forward-thinking solutions for the futures, options and cleared swaps industry.
Innovators Pavilion is a new feature at the annual FIA Futures and Options Expo in Chicago. With more than 5,000 people attending each year, the FIA Expo is the largest gathering of derivatives industry professionals in the world. Attendees include senior executives from brokerage firms, exchanges, trading firms and service providers, and the exhibit hall typically attracts more than a hundred firms as exhibitors.
TickSmith will display their services on the Expo show floor and will have the opportunity to give a live presentation to Expo attendees.
“We are very excited to announce the first eight companies that have qualified for this new part of the annual FIA Expo,” said Rob Creamer, FIA board member and chairman of FIA Principal Traders Group, who is chairing the Innovators Pavilion selection committee. “This is a great way for our industry to promote innovation and forge connections between entrepreneurial startups, venture capitalists and the companies that can benefit from their services.”
TickSmith, with its TickVault* platform based on hadoop technology, is a leader in Big Data applications for the Brokerage ecosystem and financial services. The platform is used for data centralization and distribution, market surveillance, risk management, strategy discovery and analytics. It is ideal for trading and risk groups, regulators, exchanges and data vendors who need to accumulate, transform, analyse and disseminate larger scales of financial data from multiple sources.
“Our innovative Hadoop-based platform provides an out of the box solution to accelerate any project that requires the use of terabytes and petabytes of data, particularly trade & quote history”, said Francis Wenzel, CEO of TickSmith. “We are proud to have been selected and look forward to demonstrating our platform to FIA members”.
TickSmith and other Innovators were selected on the basis of applications that were submitted and reviewed by a committee of industry experts assembled by FIA. Several other applications are currently under review and FIA expects to announce several additional participants in the coming weeks.
*Our TickVault Platform is ever evolving and is now called the GOLD Platform.
FIA is the leading trade organization for the futures, options and cleared swaps markets worldwide. FIA’s membership includes clearing firms, exchanges, clearinghouses and trading firms from more than 25 countries as well as technology vendors, lawyers and other professionals serving the industry. FIA’s mission is to support open, transparent and competitive markets, protect and enhance the integrity of the financial system, and promote high standards of professional conduct. As the principal members of derivatives clearinghouses worldwide, FIA’s member firms play a critical role in the reduction of systemic risk in the global financial markets. FIA and its affiliates FIA Europe and FIA Asia make up the global alliance FIA Global, which seeks to address the common issues facing their collective memberships.