FIA announced five finalists for the Meet the Innovators competition at the Futures and Options Expo in Chicago on Oct. 18-20. The five companies were chosen from a pool of 18 fintech startup companies that will be featured at the Innovators Pavilion, a showcase for forward-thinking solutions for the futures, options and cleared swaps industry.
The five finalists were selected on the basis of three criteria: the degree of innovation, relevance to derivatives markets, and commercial viability. Each finalist will have five minutes to give a live presentation on their products and services to Expo attendees and a panel of judges as they compete to be named the most innovative fintech startup in the global derivatives markets. Following the competition, the judges will select one company as the FIA Innovator of the Year and award that firm a prize of cash and other resources valued at more than $20,000.
Rob Creamer, member of the FIA board and chairman of the FIA Principal Traders Group, chairs the Innovators Pavilion selection committee. He extended his congratulations to the finalists. “These five fintech startups are offering innovative products and solutions that have the potential to add real value to the cleared derivatives industry. We’re excited to feature their work at Expo.”
The five finalists are:
ChartIQ provides time series based charting and data visualization solutions for capital market applications. ChartIQ helps investment banks, brokerages, trading platforms, and financial portals replace legacy charting technologies with its professional HTML5 charting library, delivering clean, responsive, interactive and mobile-friendly charting experiences.
Cloud9 Technologies provides cloud-based communications for financial firms and institutional traders, delivering robust voice and collaboration services. Established in 2014, Cloud9 connects business partners via a secure, compliant platform that features end-to-end encryption. Firms can save as much as 50% by replacing legacy equipment with modern communication solutions.
Money.Net offers the world's first all-asset class financial workstation at a utility price, with real-time prices and news for equities, options, futures and foreign exchange. Money.Net also includes a professional technical charting system, analyst estimates, economic data, and a suite of tools for research and analytics.
Semantic Evolution makes it easy to automate the extraction of data from unstructured documents, emails, instant messages and websites. Our intelligent data extraction, validation and normalization software is highly flexible and extremely accurate at parsing out unstructured data regardless of the electronic format.
The Ubixi platform provides on-demand clearing, settlement, and back-office solutions for the financial industry, allowing clients to always have their assets precisely when and where they are needed. Ubixi also arms clients with operational efficiencies, including the ability to incorporate metadata at the individual transaction level. This means errors are reduced, reconciliation can happen instantly, and capital can be put back to work more quickly.
With more than 5,000 people attending each year, 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. Click here to register for Expo and attend the innovator’s competition.